China: Metal Skid Chain Market 2024

Metal Skid Chain Market Size in China

In 2021, the Chinese metal skid chain market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Metal skid chain consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Metal Skid Chain Production in China

In value terms, metal skid chain production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Skid Chain Exports

Exports from China

In 2021, approx. X tons of iron or steel skid chain were exported from China; surging by 3.9% against 2020. Overall, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 23%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal skid chain exports soared to $X in 2021. In general, exports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for metal skid chain exports from China, accounting for a 47% share of total exports. Moreover, metal skid chain exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), sixfold. The third position in this ranking was taken by Japan (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+7.2% per year) and Japan (-3.1% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel skid chain exports from China, comprising 40% of total exports. The second position in the ranking was taken by Japan ($X), with a 9.3% share of total exports. It was followed by Canada, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-0.5% per year) and Canada (+7.5% per year).

Export Prices by Country

The average metal skid chain export price stood at $X per ton in 2021, picking up by 14% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Chile ($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 Iran (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Skid Chain Imports

Imports into China

In 2021, supplies from abroad of iron or steel skid chain increased by 11% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 341%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, metal skid chain imports contracted modestly to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 177% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Finland (X tons) constituted the largest metal skid chain supplier to China, with a 86% share of total imports. Moreover, metal skid chain imports from Finland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. Japan (X kg) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Finland stood at +72.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+9.3% per year) and Japan (-2.0% per year).

In value terms, Finland ($X) constituted the largest supplier of iron or steel skid chain to China, comprising 63% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 17% share of total imports. It was followed by Japan, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Finland totaled +88.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+8.6% per year) and Japan (+3.6% per year).

Import Prices by Country

In 2021, the average metal skid chain import price amounted to $X per ton, waning by -11.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 127% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Finland ($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 (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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