South-Eastern Asia: Metal Skid Chain Market 2024

Metal Skid Chain Market Size in South-Eastern Asia

For the sixth year in a row, the Southeast Asian metal skid chain market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption saw a deep reduction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Metal Skid Chain Production in South-Eastern Asia

In value terms, metal skid chain production shrank to $X in 2022 estimated in export price. In general, production recorded a pronounced decline. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Metal Skid Chain Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of iron or steel skid chain were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal skid chain exports skyrocketed to $X in 2022. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Indonesia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (X%) and Thailand (X%). Vietnam (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal skid chain exports from Malaysia stood at X%. At the same time, the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest metal skid chain supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Malaysia, metal skid chain exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Metal Skid Chain Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of iron or steel skid chain were imported in South-Eastern Asia; which is down by X% compared with the previous year. Over the period under review, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, metal skid chain imports dropped dramatically to $X in 2022. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X tons) and Singapore (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Malaysia (X tons), Lao People's Democratic Republic (X tons), Vietnam (X tons) and the Philippines (X tons), together committing a X% share of total imports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

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

In Singapore, metal skid chain imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price showed a moderate expansion. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Singapore ($X per ton), while the Philippines ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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