Australia: Metal Link Chain Market 2024

Metal Link Chain Market Size in Australia

The Australian metal link chain market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a deep contraction. Metal link chain consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Link Chain Production in Australia

In value terms, metal link chain production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when the production volume increased by 31% against the previous year. Metal link chain production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Link Chain Exports

Exports from Australia

After two years of decline, shipments abroad of iron or steel articulated link chain increased by 4.6% to X tons in 2021. Overall, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 84%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain exports expanded markedly to $X in 2021. Over the period under review, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2018 when exports increased by 84% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for metal link chain exports from Australia, with a 54% share of total exports. Moreover, metal link chain exports to New Zealand exceeded the volume sent to the second major destination, Nigeria (X tons), threefold. The third position in this ranking was held by Papua New Guinea (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+25.1% per year) and Papua New Guinea (-7.9% per year).

In value terms, New Zealand ($X) remains the key foreign market for iron or steel articulated link chain exports from Australia, comprising 45% of total exports. The second position in the ranking was held by China ($X), with a 17% share of total exports. It was followed by Papua New Guinea, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.5% per year) and Papua New Guinea (-3.3% per year).

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, surging by 7.1% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain export price decreased by -10.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 37%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Australia

In 2021, after two years of growth, there was significant decline in overseas purchases of iron or steel articulated link chain, when their volume decreased by -19.6% to X tons. In general, imports recorded a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal link chain imports reduced to $X in 2021. Over the period under review, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of metal link chain imports to Australia, together comprising 73% of total imports. Japan, Taiwan (Chinese), Italy, India, South Africa, the UK and Sweden lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of iron or steel articulated link chain to Australia, comprising 38% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Germany, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.0% per year) and Germany (-2.7% per year).

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, surging by 17% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain import price decreased by -6.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 40%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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