ASEAN: Metal Chain Market 2025

Metal Chain Market Size in ASEAN

The ASEAN metal chain market contracted to $X in 2022, waning by -5.6% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Metal Chain Production in ASEAN

In value terms, metal chain production declined to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -19.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 50%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Metal Chain Exports

Exports in ASEAN

In 2022, shipments abroad of iron or steel chain was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 230% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, metal chain exports reached $X in 2022. In general, exports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 174% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore represented the key exporting country with an export of about X tons, which finished at 56% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 22% share, followed by Vietnam (15%) and Thailand (5.5%).

From 2012 to 2022, average annual rates of growth with regard to metal chain exports from Singapore stood at -12.6%. Malaysia (-6.9%), Vietnam (-8.2%) and Thailand (-28.1%) illustrated a downward trend over the same period. Malaysia (+12 p.p.), Singapore (+7.9 p.p.) and Vietnam (+7.2 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -27.9% from 2012 to 2022, respectively.

In value terms, Singapore ($X) emerged as the largest metal chain supplier in ASEAN, comprising 57% of total exports. The second position in the ranking was held by Vietnam ($X), with a 23% share of total exports. It was followed by Malaysia, with a 13% share.

In Singapore, metal chain exports plunged by an average annual rate of -7.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+3.8% per year) and Malaysia (-9.9% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, increasing by 2% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain export price increased by +73.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 39%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.1%), while the other leaders experienced mixed trends in the export price figures.

Metal Chain Imports

Imports in ASEAN

In 2022, purchases abroad of iron or steel chain increased by 2.5% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2015 when imports increased by 69% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, metal chain imports shrank modestly to $X in 2022. Over the period under review, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 82%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Philippines (X tons) was the largest importer of iron or steel chain, achieving 33% of total imports. Vietnam (X tons) ranks second in terms of the total imports with an 18% share, followed by Thailand (16%), Singapore (10%), Indonesia (9.8%), Malaysia (5.7%) and Myanmar (5.2%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +43.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest metal chain importing markets in ASEAN were Vietnam ($X), Thailand ($X) and the Philippines ($X), with a combined 64% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +17.8%, 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

The import price in ASEAN stood at $X per ton in 2022, waning by -4.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 22%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform