Asia-Pacific: Metal Link Chain Market 2024

Metal Link Chain Market Size in Asia-Pacific

After eight years of decline, the Asia-Pacific metal link chain market increased by 0.9% to $X in 2021. Overall, consumption saw a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Link Chain Production in Asia-Pacific

In value terms, metal link chain production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a drastic downturn. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Link Chain Exports

Exports in Asia-Pacific

Metal link chain exports soared to X tons in 2021, picking up by 63% on the year before. Over the period under review, exports showed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

Exports by Country

In 2021, China (X tons) was the main exporter of iron or steel articulated link chain, mixing up 81% of total exports. It was distantly followed by South Korea (X tons), comprising a 10% share of total exports. The following exporters - India (X tons) and Japan (X tons) - each accounted for a 4.8% share of total exports.

China was also the fastest-growing in terms of the iron or steel articulated link chain exports, with a CAGR of +30.5% from 2012 to 2021. At the same time, India (+10.1%), Japan (+6.0%) and South Korea (+2.8%) displayed positive paces of growth. While the share of China (+54 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-2.7 p.p.) and South Korea (-19.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal link chain supplier in Asia-Pacific, comprising 66% of total exports. The second position in the ranking was held by South Korea ($X), with a 12% share of total exports. It was followed by Japan, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +28.9%. In the other countries, the average annual rates were as follows: South Korea (-0.1% per year) and Japan (+5.4% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 5.4% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of 6.1% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 India (+4.3%), while the other leaders experienced a decline in the export price figures.

Metal Link Chain Imports

Imports in Asia-Pacific

In 2021, approx. X tons of iron or steel articulated link chain were imported in Asia-Pacific; increasing by 3.1% against the previous year. Over the period under review, imports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 8.2% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal link chain imports surged to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons), China (X tons), Malaysia (X tons), Thailand (X tons), India (X tons), South Korea (X tons) and Indonesia (X tons) was the major importer of iron or steel articulated link chain in Asia-Pacific, mixing up 73% of total import. Pakistan (X tons), the Philippines (X tons), Australia (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported iron or steel articulated link chain in Asia-Pacific, comprising 30% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Thailand, with an 11% share.

In Japan, metal link chain imports expanded at an average annual rate of +9.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-3.6% per year) and Thailand (-0.1% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Pakistan ($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 (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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