Vietnam: Metal Link Chain Market 2024

Metal Link Chain Market Size in Vietnam

The Vietnamese metal link chain market contracted slightly to $X in 2022, declining by X% against the previous year. In general, consumption showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of X%. Metal link chain consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Link Chain Production in Vietnam

In value terms, metal link chain production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Metal link chain production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Metal Link Chain Exports

Exports from Vietnam

For the third year in a row, Vietnam recorded growth in overseas shipments of iron or steel articulated link chain, which increased by X% to X tons in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, metal link chain exports skyrocketed to $X in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The UK (X tons), South Korea (X tons) and the Netherlands (X tons) were the main destinations of metal link chain exports from Vietnam, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), South Korea ($X) and the Netherlands ($X) appeared to be the largest markets for metal link chain exported from Vietnam worldwide, with a combined X% share of total exports.

Among the main countries of destination, South Korea, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Indonesia ($X per ton), while the average price for exports to South Korea ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Vietnam

In 2022, metal link chain imports into Vietnam shrank to X tons, which is down by X% against the year before. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its volume 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, imports decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, metal link chain imports expanded rapidly to $X in 2022. Overall, total imports indicated a strong expansion 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal link chain supplier to Vietnam, accounting for a X% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel articulated link chain to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average metal link chain import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and the United States ($X per ton), while the price for Malaysia ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :