Asia: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

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

After four years of decline, the Asian metal link chain parts market increased by 10% to $X in 2021. Overall, consumption showed a perceptible shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, metal link chain parts production expanded sharply to $X in 2021 estimated in export price. In general, production, however, showed a noticeable downturn. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in Asia

In 2021, approx. X tons of iron or steel parts of articulated link chain were exported in Asia; rising by 47% on the year before. In general, exports continue to indicate a buoyant increase. 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. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.7% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was near 72% of total exports in 2021. Japan (X tons) took an 8.6% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (6.4%), Singapore (4.9%) and Thailand (4.5%).

Exports from China increased at an average annual rate of +13.2% from 2012 to 2021. At the same time, Singapore (+23.6%), Thailand (+10.8%), Taiwan (Chinese) (+10.2%) and Japan (+2.0%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +23.6% from 2012-2021. China (+9.1 p.p.) and Singapore (+3 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -10.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal link chain parts supplying countries in Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 84% share of total exports. These countries were followed by Singapore and Thailand, which together accounted for a further 11%.

Singapore, with a CAGR of +16.6%, saw the highest rates of growth with regard to 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 Asia stood at $X per ton in 2021, growing by 2.4% against the previous year. Overall, the export price, however, recorded a perceptible reduction. The level of export peaked 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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in Asia

In 2021, the amount of iron or steel parts of articulated link chain imported in Asia rose rapidly to X tons, increasing by 12% on the year before. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 24%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, metal link chain parts imports soared to $X in 2021. Total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), Thailand (X tons), Japan (X tons), Pakistan (X tons), Malaysia (X tons), Saudi Arabia (X tons), India (X tons) and South Korea (X tons) was the key importer of iron or steel parts of articulated link chain in Asia, generating 86% of total import. It was distantly followed by Indonesia (X tons), mixing up a 5% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +54.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain parts importing markets in Asia were China ($X), Thailand ($X) and Japan ($X), with a combined 51% share of total imports. These countries were followed by South Korea, India, Indonesia, Pakistan, Malaysia and Saudi Arabia, which together accounted for a further 39%.

In terms of the main importing countries, Pakistan, with a CAGR of +55.9%, 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

The import price in Asia stood at $X per ton in 2021, increasing by 10% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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