Report Update Apr 1, 2024

Philippines - Iron or Steel Skid Chain - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Metal Skid Chain Market 2024

Metal Skid Chain Market Size in the Philippines

The Philippine metal skid chain market shrank to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a abrupt curtailment. Metal skid chain consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Skid Chain Production in the Philippines

In value terms, metal skid chain production shrank modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Metal Skid Chain Exports

Exports from the Philippines

In 2022, approx. X tons of iron or steel skid chain were exported from the Philippines; growing by X% against 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, metal skid chain exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for metal skid chain exports from the Philippines, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait amounted to X%.

In value terms, Kuwait ($X) also remains the key foreign market for iron or steel skid chain exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to Kuwait totaled X%.

Export Prices by Country

The average metal skid chain export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to X% per year.

Metal Skid Chain Imports

Imports into the Philippines

In 2022, purchases abroad of iron or steel skid chain decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, metal skid chain imports dropped significantly to $X in 2022. Overall, imports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) was the main metal skid chain supplier to the Philippines, with a X% share of total imports. Moreover, metal skid chain imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

In value terms, the largest metal skid chain suppliers to the Philippines were Indonesia ($X), Malaysia ($X) and China ($X), together comprising X% of total imports.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average metal skid chain import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel skid chain in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and Russia, together accounting for 39% of global consumption. India, France, Indonesia, Canada, Brazil, Italy, the UK, Bangladesh, Mexico and Japan lagged somewhat behind, together comprising a further 31%.

What are the largest producers of iron or steel skid chain in the world?

China remains the largest metal skid chain producing country worldwide, accounting for 41% of total volume. Moreover, metal skid chain production in China exceeded the figures recorded by the second-largest producer, Russia, fivefold. India ranked third in terms of total production with an 8.4% share.

What are the leading suppliers of iron or steel skid chain to the Philippines?

In value terms, the largest metal skid chain suppliers to the Philippines were Indonesia, Malaysia and China $389), with a combined 88% share of total imports.

What are the leading importers of iron or steel skid chain from the Philippines?

In value terms, Kuwait remains the key foreign market for iron or steel skid chain exports from the Philippines.

What is the average export price for iron or steel skid chain in the Philippines?

In 2022, the average metal skid chain export price amounted to $6,122 per ton, which is down by -7.7% against the previous year.

What is the average import price for iron or steel skid chain in the Philippines?

In 2022, the average metal skid chain import price amounted to $817 per ton, dropping by -55.5% against the previous year.

This report provides an in-depth analysis of the metal skid chain market in the Philippines. 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 25931730 - Iron or steel skid chain excluding chains fitted with cutting, or other articles in which chains play a subsidiary role, door guards finished with chains - surveying chains

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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