Asia: Metal Chain Market 2024

Metal Chain Market Size in Asia

The Asian metal chain market stood at $X in 2022, increasing by X% against the previous year. Overall, consumption enjoyed a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal Chain Production in Asia

In value terms, metal chain production fell to $X in 2022 estimated in export price. In general, production recorded resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Metal Chain Exports

Exports in Asia

In 2022, overseas shipments of iron or steel chain increased by X% to X tons, rising for the second consecutive year after five years of decline. In general, exports, however, continue to indicate a noticeable decline. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal chain exports surged to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the major exporting country with an export of around X tons, which finished at X% of total exports. Turkey (X tons) took the second position in the ranking, distantly followed by South Korea (X tons). All these countries together took approx. X% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and India (X tons) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal chain exports from China stood at X%. At the same time, India (X%) and Turkey (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal chain supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, metal 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: Turkey (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Taiwan (Chinese) ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Metal Chain Imports

Imports in Asia

In 2022, purchases abroad of iron or steel chain increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded 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 reached $X in 2022. Overall, imports, however, showed a pronounced downturn. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of metal chain imports in 2022 were India (X tons), Japan (X tons), the Philippines (X tons), South Korea (X tons), Turkey (X tons), the United Arab Emirates (X tons), Iran (X tons), Thailand (X tons), Vietnam (X tons), Indonesia (X tons), Singapore (X tons) and China (X tons), together reaching X% of total import.

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

In value terms, Japan ($X) constitutes the largest market for imported iron or steel chain in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by China, with a X% share.

In Japan, metal chain imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, waning by X% against the previous year. Import price indicated a measured 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. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then declined in the following year.

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

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

Source: IndexBox Platform