ASEAN: Market for Iron Or Steel Parts Of Articulated Link Chain 2025

Market Size for Iron Or Steel Parts Of Articulated Link Chain in ASEAN

In 2021, the ASEAN metal link chain parts market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Iron Or Steel Parts Of Articulated Link Chain in ASEAN

In value terms, metal link chain parts production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in ASEAN

In 2021, shipments abroad of iron or steel parts of articulated link chain increased by 85% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain parts exports skyrocketed to $X in 2021. Overall, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) and Thailand (X tons) prevails in exports structure, together creating 88% of total exports. It was distantly followed by Malaysia (X tons), comprising an 8.8% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Singapore (with a CAGR of +23.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain parts supplying countries in ASEAN were Singapore ($X), Thailand ($X) and Malaysia ($X), together accounting for 93% of total exports.

Malaysia, with a CAGR of +19.0%, 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 more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, falling by -1.7% against the previous year. Over the period under review, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2018 an increase of 6.6%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in ASEAN

Metal link chain parts imports fell to X tons in 2021, waning by -13.3% against the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, metal link chain parts imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 20%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Thailand (X tons) and Malaysia (X tons) represented the major importers of iron or steel parts of articulated link chain in 2021, reaching near 43% and 32% of total imports, respectively. It was distantly followed by Indonesia (X tons), generating a 16% share of total imports. The following importers - Vietnam (X tons) and Singapore (X tons) - each recorded a 7.5% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +9.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Thailand ($X) constitutes the largest market for imported iron or steel parts of articulated link chain in ASEAN, comprising 45% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 22% share of total imports. It was followed by Malaysia, with a 19% share.

In Thailand, metal link chain parts imports expanded at an average annual rate of +4.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+6.5% per year) and Malaysia (-3.6% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, surging by 29% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform