South-Eastern Asia: Metal Chain Market 2024

Metal Chain Market Size in South-Eastern Asia

The Southeast Asian metal chain market contracted to $X in 2022, which is down 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 throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal Chain Production in South-Eastern Asia

In value terms, metal chain production shrank to $X in 2022 estimated in export price. The total production indicated perceptible 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 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Metal Chain Exports

Exports in South-Eastern Asia

In 2022, after two years of decline, there was significant growth in overseas shipments of iron or steel chain, when their volume increased by X% to X tons. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, metal chain exports surged to $X in 2022. Over the period under review, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X tons) represented the largest exporter of iron or steel chain, comprising X% of total exports. It was distantly followed by Vietnam (X tons), Cambodia (X tons) and Malaysia (X tons), together achieving a X% share of total exports. Thailand (X tons) and Indonesia (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key 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 South-Eastern Asia were Singapore ($X), Vietnam ($X) and Cambodia ($X), with a combined X% share of total exports.

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Export price indicated a modest 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 was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 South-Eastern Asia

In 2022, purchases abroad of iron or steel chain increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, metal chain imports contracted modestly to $X in 2022. Overall, imports, however, saw a pronounced downturn. 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 somewhat lower figure.

Imports by Country

The Philippines was the key importer of iron or steel chain in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), Indonesia (X%), Singapore (X%), Malaysia (X%) and Myanmar (X%).

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 South-Eastern Asia, 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. While the share of the Philippines (X p.p.), Vietnam (X p.p.), Myanmar (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.), Singapore (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, the largest metal chain importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and the Philippines ($X), together accounting for X% of total imports.

The Philippines, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked 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