Southern Asia: Metal Link Chain Market 2024

Metal Link Chain Market Size in Southern Asia

The South Asian metal link chain market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a noticeable reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Metal Link Chain Production in Southern Asia

In value terms, metal link chain production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a mild decline. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Metal Link Chain Exports

Exports in Southern Asia

In 2022, overseas shipments of iron or steel articulated link chain increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, metal link chain exports surged to $X in 2022. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

The shipments of the one major exporters of iron or steel articulated link chain, namely India, represented more than two-thirds of total export.

India 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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest metal link chain supplier in Southern Asia.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, shrinking by X% against the previous year. Export price indicated a measured expansion 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 link chain export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 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 India.

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

Metal Link Chain Imports

Imports in Southern Asia

In 2022, overseas purchases of iron or steel articulated link 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 mild descent. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, metal link chain imports shrank to $X in 2022. Overall, imports showed a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

India represented the main importer of iron or steel articulated link chain in Southern Asia, with the volume of imports recording X tons, which was near X% of total imports in 2022. Pakistan (X tons) ranks second in terms of the total imports with a X% share, followed by Sri Lanka (X%) and Bangladesh (X%). Nepal (X tons) followed a long way behind the leaders.

Imports into India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Sri Lanka experienced a relatively flat trend pattern. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. Pakistan (X p.p.), Nepal (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh and India saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported iron or steel articulated link chain in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

In India, metal link chain imports plunged by 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: Pakistan (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 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 India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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