Asia: Metal Link Chain Market 2024

Metal Link Chain Market Size in Asia

The Asian metal link chain market fell slightly to $X in 2022, shrinking by X% against the previous year. Overall, consumption continues to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Link Chain Production in Asia

In value terms, metal link chain production shrank modestly to $X in 2022 estimated in export price. In general, production showed a deep contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Link Chain Exports

Exports in Asia

In 2022, metal link chain exports in Asia reached X tons, picking up by X% compared with the previous year's figure. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, metal link chain exports expanded remarkably to $X in 2022. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. The following exporters - India (X tons), Japan (X tons), South Korea (X tons) and Thailand (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the iron or steel articulated link chain exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) and Japan (X%) displayed positive paces of growth. By contrast, Thailand (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.), Japan (X p.p.), Thailand (X p.p.) and South Korea (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest metal link chain supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, metal link chain exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Metal Link Chain Imports

Imports in Asia

In 2022, supplies from abroad of iron or steel articulated link chain increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal link chain imports fell to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), Thailand (X tons), South Korea (X tons), India (X tons), China (X tons), Indonesia (X tons), Saudi Arabia (X tons), Taiwan (Chinese) (X tons), the Philippines (X tons), Turkey (X tons), Pakistan (X tons) and Vietnam (X tons) represented roughly X% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain importing markets in Asia were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports. Thailand, India, Indonesia, Turkey, Vietnam, Saudi Arabia, Taiwan (Chinese), the Philippines and Pakistan lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in Asia amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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