South-Eastern Asia: Market for Iron Or Steel Anchors, Grapnels 2024

Market Size for Iron Or Steel Anchors, Grapnels in South-Eastern Asia

The Southeast Asian metal anchors and grapnels market reduced to $X in 2023, waning by X% against the previous year. Over the period under review, consumption continues to indicate a slight downturn. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Production of Iron Or Steel Anchors, Grapnels in South-Eastern Asia

In value terms, metal anchors and grapnels production shrank to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Exports of Iron Or Steel Anchors, Grapnels

Exports in South-Eastern Asia

In 2023, overseas shipments of iron or steel anchors, grapnels were finally on the rise to reach X units after four years of decline. Overall, exports, however, showed a pronounced decline. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, metal anchors and grapnels exports soared to $X in 2023. In general, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore represented the key exporter of iron or steel anchors, grapnels in South-Eastern Asia, with the volume of exports amounting to X units, which was near X% of total exports in 2023. Malaysia (X units) held the second position in the ranking, followed by the Philippines (X units) and Thailand (X units). All these countries together took near X% share of total exports. The following exporters - Vietnam (X units) and Indonesia (X units) - each accounted for a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to metal anchors and grapnels exports from Singapore stood at X%. At the same time, the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%), Vietnam (X%) and Indonesia (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), the Philippines (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam, Singapore and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Singapore ($X) remains the largest metal anchors and grapnels supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Singapore totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. In general, the export price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Anchors, Grapnels

Imports in South-Eastern Asia

In 2023, the amount of iron or steel anchors, grapnels imported in South-Eastern Asia reduced notably to X units, declining by X% on 2022. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X units. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, metal anchors and grapnels imports contracted notably to $X in 2023. Over the period under review, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Indonesia (X units) and Singapore (X units) were the key importers of iron or steel anchors, grapnels in South-Eastern Asia, together comprising X% of total imports. It was distantly followed by Malaysia (X units), the Philippines (X units), Myanmar (X units) and Thailand (X units), together creating a X% share of total imports. Vietnam (X units) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. The Philippines, Vietnam, Thailand and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price recorded a slight contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Myanmar ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform