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

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

The Asia-Pacific metal link chain parts market was finally on the rise to reach $X in 2021, after eight years of decline. In general, consumption saw a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, metal link chain parts production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2014 when the production volume increased by 11%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in Asia-Pacific

In 2021, metal link chain parts exports in Asia-Pacific surged to X tons, picking up by 47% against the previous year. Over the period under review, exports recorded strong 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 parts exports surged to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.1% 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 +84.0% 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 dominates exports structure, finishing at X tons, which was near 72% of total exports in 2021. Japan (X tons) held 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%).

From 2012 to 2021, average annual rates of growth with regard to metal link chain parts exports from China stood at +13.2%. 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-Pacific, with a CAGR of +23.6% from 2012-2021. From 2012 to 2021, the share of China and Singapore increased by +8.6 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 84% of total exports. Singapore and Thailand lagged somewhat behind, together comprising a further 11%.

Singapore, with a CAGR of +16.6%, recorded 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-Pacific stood at $X per ton in 2021, increasing by 2% against the previous year. Overall, the export price, however, showed a perceptible curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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-Pacific

In 2021, approx. X tons of iron or steel parts of articulated link chain were imported in Asia-Pacific; picking up by 2% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 24%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, metal link chain parts imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% 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 22% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

The purchases of the seven major importers of iron or steel parts of articulated link chain, namely China, Thailand, Japan, Pakistan, Malaysia, India and South Korea, represented more than two-thirds of total import. It was distantly followed by Indonesia (X tons), comprising a 5.5% 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, China ($X), Thailand ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 52% share of total imports. South Korea, India, Indonesia, Pakistan and Malaysia lagged somewhat behind, together accounting for a further 38%.

In terms of the main importing countries, Pakistan, with a CAGR of +55.9%, saw 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-Pacific stood at $X per ton in 2021, increasing by 18% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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