Eastern Asia: Metal Link Chain Market 2024

Metal Link Chain Market Size in Eastern Asia

For the ninth year in a row, the East Asian metal link chain market recorded decline in sales value, which decreased by -3.8% to $X in 2021. In general, consumption saw a deep setback. The most prominent rate of growth was recorded in 2014 with a decrease of -3%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Link Chain Production in Eastern Asia

In value terms, metal link chain production reached $X in 2021 estimated in export price. Overall, production, however, recorded a deep contraction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Link Chain Exports

Exports in Eastern Asia

In 2021, exports of iron or steel articulated link chain in Eastern Asia surged to X tons, jumping by 65% on 2020 figures. Overall, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain exports surged to $X in 2021. In general, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of about X tons, which finished at 86% of total exports. It was distantly followed by South Korea (X tons), comprising an 11% share of total exports. Japan (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the iron or steel articulated link chain exports, with a CAGR of +30.5% from 2012 to 2021. At the same time, Japan (+6.0%) and South Korea (+2.8%) displayed positive paces of growth. From 2012 to 2021, the share of China increased by +48 percentage points.

In value terms, China ($X) remains the largest metal link chain supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was held by South Korea ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at +28.9%. In the other countries, the average annual rates were as follows: South Korea (-0.1% per year) and Japan (+5.4% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 6.8% against the previous year. In general, the export price, however, recorded a deep slump. The growth pace was the most rapid in 2019 when the export price increased by 7.9% against the previous year. 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.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 (-0.6%), while the other leaders experienced a decline in the export price figures.

Metal Link Chain Imports

Imports in Eastern Asia

In 2021, approx. X tons of iron or steel articulated link chain were imported in Eastern Asia; with a decrease of -22% against 2020 figures. Over the period under review, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, metal link chain imports rose slightly to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 33%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) and China (X tons) were the main importers of iron or steel articulated link chain in Eastern Asia, together constituting 71% of total imports. It was distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons), together mixing up a 28% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +13.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported iron or steel articulated link chain in Eastern Asia, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 27% share of total imports. It was followed by South Korea, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan stood at +9.6%. The remaining importing countries recorded the following average annual rates of imports growth: China (-3.6% per year) and South Korea (+13.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, jumping by 33% against the previous year. Import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. 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 -7.4% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 57% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($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 (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :