Report Update: Apr 1, 2024

India - Iron Or Steel Chain - Market Analysis, Forecast, Size, Trends And Insights

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Metal Chain Price in India - 2023

Metal Chain Price in India (FOB) - 2023

In July 2023, the average metal chain export price amounted to $3,335 per ton, with an increase of 19% against the previous month. Overall, the export price, however, showed a mild decline. The export price peaked at $4,224 per ton in September 2022; however, from October 2022 to July 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was the United States ($3,706 per ton), while the average price for exports to Nigeria ($1,950 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%), while the prices for the other major destinations experienced a decline.

Metal Chain Price in India (CIF) - 2022

The average metal chain import price stood at $2,364 per ton in 2022, declining by -38.7% against the previous year. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36% against the previous year. The import price peaked at $5,014 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($5,425 per ton), while the price for China ($1,472 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.6%), while the prices for the other major suppliers experienced a decline.

Metal Chain Exports in India

In 2022, after three years of growth, there was significant decline in overseas shipments of iron or steel chain, when their volume decreased by -28.7% to 1.5K tons. In general, exports recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of 2.1K tons, and then dropped sharply in the following year.

In value terms, metal chain exports declined notably to $5.2M in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $7M, and then reduced remarkably in the following year.

Export of Metal Chain in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	4,688	4,035	5,827	3,543	-8.9%
Kenya	28.6	25.9	47.3	238	102.6%
Italy	38.3	58.7	129	139	53.7%
Saudi Arabia	26.5	4.8	28.7	131	70.3%
Malaysia	4.0	29.1	73.9	111	202.8%
United Arab Emirates	142	28.5	4.8	110	-8.2%
Nigeria	179	182	88.4	16.7	-54.6%
Others	1,116	737	763	915	-6.4%
Total	6,222	5,102	6,962	5,204	-5.8%

Top Export Markets for Metal Chain from India in 2022:

United States (980.0 tons)
Italy (80.9 tons)
United Arab Emirates (74.0 tons)
Kenya (50.1 tons)
Saudi Arabia (41.2 tons)
Malaysia (35.8 tons)
Nigeria (8.2 tons)

Metal Chain Imports in India

Metal chain imports into India soared to 4.3K tons in 2022, growing by 141% compared with the year before. In general, imports recorded notable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal chain imports soared to $10M in 2022. Over the period under review, imports, however, continue to indicate a noticeable decrease.

Import of Metal Chain in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.4	2.8	3.7	5.6	-4.4%
Japan	0.9	0.4	0.5	0.6	-12.6%
Germany	1.4	0.2	0.4	0.5	-29.1%
Turkey	0.3	0.2	0.2	0.4	10.1%
Italy	0.3	0.1	0.2	0.4	10.1%
Others	1.8	1.1	1.8	2.7	14.5%
Total	11.1	4.8	6.9	10.2	-2.8%

Top Suppliers of Metal Chain to India in 2022:

China (3817.1 tons)
Italy (79.1 tons)
Turkey (73.4 tons)
Germany (38.2 tons)
Japan (37.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal chain 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.

Product coverage:

Prodcom 25931750 - Iron or steel chain excluding articulated link chain, skid chain, s tud-link and welded link chain - chain saws, or other articles in which chains play a subsidiary role, surveying chains

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023