ASEAN: Metal Link Chain Market 2024

Metal Link Chain Market Size in ASEAN

In 2021, the ASEAN metal link chain market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Link Chain Production in ASEAN

In value terms, metal link chain production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt decline. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Link Chain Exports

Exports in ASEAN

In 2021, approx. X tons of iron or steel articulated link chain were exported in ASEAN; jumping by 18% on the previous year's figure. In general, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 113% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal link chain exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by 89% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) and Thailand (X tons) prevails in exports structure, together achieving 88% of total exports. It was distantly followed by Vietnam (X tons), constituting an 8.7% share of total exports. Malaysia (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +59.0%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest metal link chain supplying countries in ASEAN were Thailand ($X), Singapore ($X) and Vietnam ($X), with a combined 96% share of total exports.

Vietnam, with a CAGR of +60.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, rising by 21% against the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain export price increased by +22.0% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 50%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+7.1%), while the other leaders experienced more modest paces of growth.

Metal Link Chain Imports

Imports in ASEAN

After two years of decline, supplies from abroad of iron or steel articulated link chain increased by 37% to X tons in 2021. Over the period under review, imports, however, recorded a perceptible slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal link chain imports soared to $X in 2021. In general, imports, however, recorded a mild downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons), Thailand (X tons) and Indonesia (X tons) represented the major importer of iron or steel articulated link chain in ASEAN, constituting 70% of total import. The Philippines (X tons) held an 8.3% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (7.9%), Singapore (5.6%) and Myanmar (5.3%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +24.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, together comprising 74% of total imports. Vietnam, the Philippines, Singapore and Myanmar lagged somewhat behind, together accounting for a further 25%.

In terms of the main importing countries, the Philippines, with a CAGR of +11.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2014 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform