Report Update Nov 1, 2024

Colombia - Iron or Steel Articulated Link Chain - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Metal Link Chain Market 2024

Metal Link Chain Market Size in Colombia

In 2021, the Colombian metal link chain market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption posted a slight increase. Metal link chain consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Metal Link Chain Exports

Exports from Colombia

In 2021, approx. X tons of iron or steel articulated link chain were exported from Colombia; jumping by 38% on the year before. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 494%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal link chain exports surged to $X in 2021. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 353% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Panama (X tons) and Ecuador (X tons) were the main destinations of metal link chain exports from Colombia, together accounting for 79% 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 the United States (with a CAGR of +69.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Panama ($X) and Ecuador ($X) constituted the largest markets for metal link chain exported from Colombia worldwide, together comprising 68% of total exports. These countries were followed by Brazil, Bolivia, Costa Rica, Guatemala, Honduras and Peru, which together accounted for a further 27%.

In terms of the main countries of destination, Brazil, with a CAGR of +227.8%, saw the highest growth rate of 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, waning by -4.2% against the previous year. In general, the export price recorded a noticeable descent. The pace of growth appeared the most rapid in 2016 an increase of 38% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while the average price for exports to Peru ($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 Brazil (+93.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Colombia

In 2021, imports of iron or steel articulated link chain into Colombia surged to X tons, growing by 41% against the previous year's figure. Overall, imports recorded perceptible growth. The pace of growth was the most pronounced in 2018 when imports increased by 819%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, metal link chain imports soared to $X in 2021. Over the period under review, imports saw mild growth. The pace of growth appeared the most rapid in 2018 when imports increased by 654%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain to Colombia, with a 75% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. The United States (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.9% per year) and the United States (-9.2% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel articulated link chain to Colombia, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by Italy, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.4% per year) and Italy (+4.2% per year).

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, increasing by 8.1% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel articulated link chain in the world?

China constituted the country with the largest volume of metal link chain consumption, comprising approx. 31% of total volume. Moreover, metal link chain consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 12% share.

What are the largest producers of iron or steel articulated link chain in the world?

China constituted the country with the largest volume of metal link chain production, comprising approx. 38% of total volume. Moreover, metal link chain production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with an 11% share.

What are the leading suppliers of iron or steel articulated link chain to Colombia?

In value terms, the United States constituted the largest supplier of metal link chain to Colombia, comprising 79% of total imports. The second position in the ranking was occupied by Italy, with an 8.8% share of total imports. It was followed by the UK, with a 4.7% share.

What are the leading importers of iron or steel articulated link chain from Colombia?

In value terms, the United States remains the key foreign market for metal link chain exports from Colombia, comprising 56% of total exports. The second position in the ranking was occupied by Ecuador, with a 24% share of total exports. It was followed by Bolivia, with an 8.9% share.

What is the average export price for iron or steel articulated link chain in Colombia?

In 2021, the average metal link chain export price amounted to $10,037 per ton, rising by 7.5% against the previous year.

What is the average import price for iron or steel articulated link chain in Colombia?

In 2021, the average metal link chain import price amounted to $5,189 per ton, growing by 18% against the previous year.

This report provides an in-depth analysis of the metal link chain market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28152170 - Iron or steel articulated link chain (excluding roller chain)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023