Asia-Pacific: Metal Chain Market 2025

Metal Chain Market Size in Asia-Pacific

In 2022, the Asia-Pacific metal chain market decreased by -1.5% to $X for the first time since 2014, thus ending a seven-year rising trend. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Metal Chain Production in Asia-Pacific

In value terms, metal chain production amounted to $X in 2022 estimated in export price. Overall, production, however, saw resilient growth. The growth pace was the most rapid in 2016 with an increase of 23%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Metal Chain Exports

Exports in Asia-Pacific

In 2022, overseas shipments of iron or steel chain increased by 22% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a perceptible decrease. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal chain exports surged to $X in 2022. Overall, exports, however, continue to indicate a slight decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 83% of total exports in 2022. It was distantly followed by South Korea (X tons), constituting a 6.8% share of total exports. Taiwan (Chinese) (X tons), India (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal chain exports from China stood at -3.8%. At the same time, India (+14.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +14.3% from 2012-2022. By contrast, South Korea (-3.0%), Taiwan (Chinese) (-5.9%) and Singapore (-12.6%) illustrated a downward trend over the same period. While the share of China (+5.1 p.p.) and India (+2.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal chain supplier in Asia-Pacific, comprising 82% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 4.4% share of total exports. It was followed by South Korea, with a 4.1% share.

In China, metal chain exports expanded at an average annual rate of +1.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-4.6% per year) and South Korea (-8.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, surging by 5.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 when the export price increased by 15%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.4%), while the other leaders experienced more modest paces of growth.

Metal Chain Imports

Imports in Asia-Pacific

In 2022, overseas purchases of iron or steel chain increased by 3.9% to X tons, rising for the second consecutive year after five years of decline. In general, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 29% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal chain imports expanded to $X in 2022. Overall, imports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of 37%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons), Japan (X tons), the Philippines (X tons) and South Korea (X tons) represented the major importer of iron or steel chain in Asia-Pacific, making up 53% of total import. Vietnam (X tons) held a 6.8% share (based on physical terms) of total imports, which put it in second place, followed by Australia (6.5%), Thailand (6.2%) and Taiwan (Chinese) (6.1%). Singapore (X tons), Indonesia (X tons), China (X tons), Malaysia (X tons) and Myanmar (X tons) held a little share of total imports.

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 more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported iron or steel chain in Asia-Pacific, comprising 44% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.1% share of total imports. It was followed by Australia, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value in Japan totaled +6.0%. In the other countries, the average annual rates were as follows: South Korea (-6.6% per year) and Australia (-0.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, almost unchanged from the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain import price increased by +72.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 25%. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then shrank modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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