India's Metal Self-Tapping Screw Market Report 2024 - Prices, Size, Forecast, and Companies

Oct 15, 2024

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The Indian metal self-tapping screw market expanded rapidly to $X in 2023, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted significant growth. Metal self-tapping screw consumption peaked in 2023 and is likely to see gradual growth in the near future.

In 2023, shipments abroad of iron or steel self-tapping screws decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, metal self-tapping screw exports expanded to $X in 2023. Over the period under review, exports recorded a mild descent. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Germany (X tons), Switzerland (X tons) and Bhutan (X tons) were the main destinations of metal self-tapping screw exports from India, with a combined X% share of total exports. Nepal, Taiwan (Chinese), the United Arab Emirates, Belgium, Ireland, Maldives, the Netherlands, Australia, Bangladesh and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for iron or steel self-tapping screws exports from India, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with an X% share of total exports. It was followed by Nepal, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Nepal (X% per year).

The average metal self-tapping screw export price stood at $X per ton in 2023, growing by X% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal self-tapping screw export price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

For the sixth consecutive year, India recorded growth in overseas purchases of iron or steel self-tapping screws, which increased by X% to X tons in 2023. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, metal self-tapping screw imports totaled $X in 2023. In general, imports posted a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2023 and are likely to see gradual growth in years to come.

In 2023, China (X tons) constituted the largest metal self-tapping screw supplier to India, accounting for a X% share of total imports. Moreover, metal self-tapping screw imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) were the largest metal self-tapping screw suppliers to India, together comprising X% of total imports. Vietnam, Germany, Thailand and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2023, the average metal self-tapping screw import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

This report provides an in-depth analysis of the metal self-tapping screw market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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