China: Metal Link Chain Market 2024

Metal Link Chain Market Size in China

For the fifth consecutive year, the Chinese metal link chain market recorded decline in sales value, which decreased by -10.1% to $X in 2021. Over the period under review, consumption continues to indicate a perceptible downturn. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Metal Link Chain Production in China

In value terms, metal link chain production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Metal Link Chain Exports

Exports from China

In 2021, approx. X tons of iron or steel articulated link chain were exported from China; jumping by 54% compared with the previous year. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 65%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, metal link chain exports surged to $X in 2021. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X tons), the United States (X tons) and Germany (X tons) were the main destinations of metal link chain exports from China, together comprising 29% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +53.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal link chain exported from China were the United States ($X), Germany ($X) and Indonesia ($X), with a combined 29% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +53.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, with an increase of 12% against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2014 an increase of 14%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 Malaysia (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into China

In 2021, metal link chain imports into China shrank dramatically to X tons, declining by -43.1% on 2020 figures. Overall, imports recorded a perceptible decrease. The growth pace was the most rapid in 2020 with an increase of 52% against the previous year. As a result, imports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, metal link chain imports contracted to $X in 2021. In general, imports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2016 with an increase of 14% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Africa (X tons) constituted the largest supplier of metal link chain to China, with a 44% share of total imports. Moreover, metal link chain imports from South Africa exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Japan (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.0% per year) and Japan (-0.6% per year).

In value terms, Japan ($X), the United States ($X) and South Africa ($X) were the largest metal link chain suppliers to China, together accounting for 55% of total imports. These countries were followed by Germany, France, South Korea and Italy, which together accounted for a further 31%.

Among the main suppliers, France, with a CAGR of +26.8%, recorded the highest rates of growth with regard to 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

In 2021, the average metal link chain import price amounted to $X per ton, increasing by 67% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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