ASEAN: Metal Chain Market 2024

Metal Chain Market Size in ASEAN

The ASEAN metal chain market declined to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal Chain Production in ASEAN

In value terms, metal chain production shrank to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Chain Exports

Exports in ASEAN

In 2022, shipments abroad of iron or steel chain was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal chain exports soared to $X in 2022. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore represented the key exporter of iron or steel chain in ASEAN, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Vietnam (X tons) took the second position in the ranking, followed by Cambodia (X tons) and Malaysia (X tons). All these countries together took near X% share of total exports. Thailand (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cambodia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest metal chain supplying countries in ASEAN were Singapore ($X), Vietnam ($X) and Cambodia ($X), together comprising X% of total exports.

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, surging by X% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Metal Chain Imports

Imports in ASEAN

In 2022, overseas purchases of iron or steel chain increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, metal chain imports reduced slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Philippines was the main importing country with an import of around X tons, which reached X% of total imports. Thailand (X tons) took the second position in the ranking, followed by Vietnam (X tons), Indonesia (X tons), Singapore (X tons), Malaysia (X tons) and Myanmar (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal chain imports into the Philippines stood at X%. At the same time, Myanmar (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (X%), Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Vietnam, Myanmar and Thailand increased by X, X, X and X percentage points, respectively.

In value terms, Vietnam ($X), Thailand ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price showed a mild slump. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform