Price for Chain; Articulated Link, Roller, of Iron or Steel in China - 2023
Contents:
- Price for Chain; Articulated Link, Roller, of Iron or Steel in China (FOB) - 2023
- Price for Chain; Articulated Link, Roller, of Iron or Steel in China (CIF) - 2023
- Exports of Chain; Articulated Link, Roller, of Iron or Steel in China
- Imports of Chain; Articulated Link, Roller, of Iron or Steel in China
Price for Chain; Articulated Link, Roller, of Iron or Steel in China (FOB) - 2023
The average export price for chain; articulated link, roller, of iron or steel stood at $2,442 per ton in November 2023, approximately mirroring the previous month. Overall, the export price showed a slight reduction. The pace of growth was the most pronounced in February 2023 when the average export price increased by 1.4% month-to-month. Over the period under review, the average export prices attained the maximum at $2,907 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the United States ($3,278 per ton), while the average price for exports to Nigeria ($1,903 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (-0.0%), while the prices for the other major destinations experienced a decline.
Price for Chain; Articulated Link, Roller, of Iron or Steel in China (CIF) - 2023
The average import price for chain; articulated link, roller, of iron or steel stood at $16,122 per ton in November 2023, waning by -2.1% against the previous month. Overall, import price indicated a measured increase from December 2022 to November 2023: its price increased at an average monthly rate of +3.5% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for chain; articulated link, roller, of iron or steel increased by +12.7% against September 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 93% m-o-m. As a result, import price attained the peak level of $21,409 per ton. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($37,008 per ton), while the price for Malaysia ($5,405 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chain; Articulated Link, Roller, of Iron or Steel in China
In 2022, exports of chain; articulated link, roller, of iron or steel from China expanded rapidly to 364K tons, with an increase of 6.3% against the previous year. The total export volume increased at an average annual rate of +11.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, exports of chain; articulated link, roller, of iron or steel skyrocketed to $1.1B in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Chain; Articulated Link, Roller, of Iron or Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 54.1 | 55.5 | 82.9 | 101 | 23.1% |
| Brazil | 39.8 | 62.8 | 78.7 | 76.6 | 24.4% |
| Germany | 43.1 | 42.2 | 59.3 | 70.7 | 17.9% |
| Indonesia | 33.6 | 36.9 | 56.5 | 65.8 | 25.1% |
| Netherlands | 19.0 | 20.0 | 37.1 | 44.4 | 32.7% |
| Thailand | 17.7 | 17.2 | 32.1 | 36.5 | 27.3% |
| Vietnam | 26.0 | 27.7 | 42.1 | 36.4 | 11.9% |
| Nigeria | 24.1 | 23.2 | 27.3 | 33.9 | 12.0% |
| India | 22.4 | 23.1 | 31.0 | 31.5 | 12.0% |
| Colombia | 13.9 | 11.0 | 23.6 | 29.0 | 27.8% |
| Russia | 16.6 | 15.6 | 23.9 | 29.0 | 20.4% |
| Malaysia | 16.8 | 19.2 | 32.3 | 28.3 | 19.0% |
| Philippines | 12.5 | 11.9 | 21.0 | 27.7 | 30.4% |
| Others | 283 | 299 | 374 | 464 | 17.9% |
| Total | 622 | 666 | 922 | 1,075 | 20.0% |
Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from China in 2022:
- Brazil (30.5K tons)
- Indonesia (28.8K tons)
- United States (28.4K tons)
- Germany (21.9K tons)
- Nigeria (14.4K tons)
- India (13.1K tons)
- Russia (13.0K tons)
- Vietnam (12.5K tons)
- Netherlands (12.1K tons)
- Colombia (11.2K tons)
- Thailand (10.2K tons)
- Philippines (9.2K tons)
- Malaysia (9.1K tons)
Imports of Chain; Articulated Link, Roller, of Iron or Steel in China
After three years of growth, purchases abroad of chain; articulated link, roller, of iron or steel decreased by -23.2% to 4.3K tons in 2022. In general, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 8% against the previous year.
In value terms, imports of chain; articulated link, roller, of iron or steel reduced dramatically to $59M in 2022. Over the period under review, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. As a result, imports attained the peak of $77M, and then reduced sharply in the following year.
| Import of Chain; Articulated Link, Roller, of Iron or Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 24.1 | 20.7 | 27.2 | 17.2 | -10.6% |
| Germany | 11.5 | 13.0 | 18.8 | 11.6 | 0.3% |
| Taiwan (Chinese) | 4.8 | 5.2 | 6.9 | 5.4 | 4.0% |
| Italy | 5.1 | 5.9 | 6.1 | 4.8 | -2.0% |
| Thailand | 0.6 | 1.4 | 2.2 | 4.7 | 98.6% |
| South Korea | 6.5 | 5.3 | 3.4 | 4.7 | -10.2% |
| Malaysia | 0.6 | 2.2 | 2.7 | 2.1 | 51.8% |
| France | 3.8 | 2.8 | 2.2 | 1.2 | -31.9% |
| Vietnam | 1.0 | 0.8 | 0.5 | 0.4 | -26.3% |
| Others | 5.8 | 6.8 | 7.0 | 6.9 | 6.0% |
| Total | 64.0 | 64.1 | 76.9 | 59.0 | -2.7% |
Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to China in 2022:
- Japan (1259.0 tons)
- South Korea (667.3 tons)
- Thailand (546.4 tons)
- Germany (467.1 tons)
- Malaysia (375.8 tons)
- Taiwan (Chinese) (344.4 tons)
- Italy (187.2 tons)
- Vietnam (63.2 tons)
- France (55.0 tons)
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