ASEAN: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in ASEAN

The ASEAN chain scoops and sliders market declined to $X in 2022, with a decrease of -5.5% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.9% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in ASEAN

In value terms, chain scoops and sliders production fell to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 36%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports in ASEAN

In 2022, approx. X tons of chain scoops, sliders, runners, end pieces and narrow strips were exported in ASEAN; shrinking by -3.2% compared with the previous year. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49% against the previous year. As a result, the exports reached the peak of X tons, and then dropped modestly in the following year.

In value terms, chain scoops and sliders exports rose significantly to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 44%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Indonesia dominates exports structure, resulting at X tons, which was near 93% of total exports in 2022. Vietnam (X tons) and Thailand (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to chain scoops and sliders exports from Indonesia stood at +5.9%. At the same time, Thailand (+28.4%) and Vietnam (+14.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +28.4% from 2012-2022. Vietnam (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest chain scoops and sliders supplier in ASEAN, comprising 88% of total exports. The second position in the ranking was held by Vietnam ($X), with a 9.5% share of total exports.

In Indonesia, chain scoops and sliders exports increased at an average annual rate of +6.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+15.0% per year) and Thailand (+9.0% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with an increase of 10% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports in ASEAN

Chain scoops and sliders imports rose to X tons in 2022, growing by 3% compared with 2021 figures. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +39.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, chain scoops and sliders imports declined modestly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +43.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Vietnam (X tons) and Indonesia (X tons) represented the key importers of chain scoops, sliders, runners, end pieces and narrow strips in ASEAN, together constituting 66% of total imports. Cambodia (X tons) ranks next in terms of the total imports with an 11% share, followed by Thailand (11%) and the Philippines (5.9%). Myanmar (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +52.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chain scoops and sliders importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Cambodia ($X), with a combined 82% share of total imports.

Cambodia, with a CAGR of +42.6%, saw the highest growth rate of the value of imports, in terms of 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

The import price in ASEAN stood at $X per ton in 2022, waning by -3.3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 10% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then declined slightly in the following year.

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 the Philippines ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+7.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform