ASEAN: Metal Stud-Link Chain Market 2025

Metal Stud-Link Chain Market Size in ASEAN

The ASEAN metal stud-link chain market declined significantly to $X in 2021, waning by -20.2% against the previous year. In general, consumption saw a abrupt slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Stud-Link Chain Production in ASEAN

In value terms, metal stud-link chain production declined to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Metal Stud-Link Chain Exports

Exports in ASEAN

In 2021, overseas shipments of iron/steel stud-link chain increased by 15% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 400% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal stud-link chain exports shrank to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 273%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore dominates exports structure, amounting to X tons, which was near 92% of total exports in 2021. It was distantly followed by Malaysia (X tons), committing a 6.6% share of total exports.

Singapore was also the fastest-growing in terms of the iron/steel stud-link chain exports, with a CAGR of +1.8% from 2012 to 2021. Malaysia experienced a relatively flat trend pattern. From 2012 to 2021, the share of Singapore increased by +2.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest metal stud-link chain supplier in ASEAN, comprising 93% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Singapore was relatively modest.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, dropping by -21.7% against the previous year. Overall, the export price continues to indicate a pronounced decline. The growth pace was the most rapid in 2014 when the export price increased by 143% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-2.1%).

Metal Stud-Link Chain Imports

Imports in ASEAN

In 2021, supplies from abroad of iron/steel stud-link chain decreased by -10% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 54% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, metal stud-link chain imports plummeted to $X in 2021. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 52% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons) and Singapore (X tons) represented the main importers of iron/steel stud-link chain in ASEAN, together making up 60% of total imports. The Philippines (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Myanmar (9.2%), Vietnam (9.1%) and Thailand (4.8%). Malaysia (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +9.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, together comprising 66% of total imports. The Philippines, Myanmar, Thailand and Malaysia lagged somewhat behind, together comprising a further 31%.

Myanmar, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of imports, among 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 2021, dropping by -23.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by 56%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform