Eastern Asia: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in Eastern Asia

The East Asian metal welded link chain market fell modestly to $X in 2021, with a decrease of -4.5% against the previous year. In general, consumption saw a pronounced setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Welded Link Chain Of Iron Or Steel in Eastern Asia

In value terms, metal welded link chain production expanded to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 9% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Welded Link Chain Of Iron Or Steel

Exports in Eastern Asia

In 2021, overseas shipments of welded link chain of iron or steel were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 32% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, metal welded link chain exports skyrocketed to $X in 2021. Overall, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the main exporter of welded link chain of iron or steel in Eastern Asia, making up 98% of total export.

China was also the fastest-growing in terms of the welded link chain of iron or steel exports, with a CAGR of +1.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest metal welded link chain supplier in Eastern Asia.

In China, metal welded link chain exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, increasing by 16% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -0.2% per year.

Imports of Welded Link Chain Of Iron Or Steel

Imports in Eastern Asia

After five years of growth, supplies from abroad of welded link chain of iron or steel decreased by -23.9% to X tons in 2021. Total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. The volume of import peaked at X tons in 2020, and then dropped remarkably in the following year.

In value terms, metal welded link chain imports contracted notably to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 36%. The level of import peaked at $X in 2020, and then contracted notably in the following year.

Imports by Country

China (X tons) and South Korea (X tons) represented the key importers of welded link chain of iron or steel in 2021, reaching approx. 43% and 32% of total imports, respectively. Japan (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (7.9%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +5.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported welded link chain of iron or steel in Eastern Asia, comprising 63% of total imports. The second position in the ranking was held by South Korea ($X), with an 18% share of total imports. It was followed by Japan, with an 11% share.

In China, metal welded link chain imports expanded at an average annual rate of +4.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+7.7% per year) and Japan (+0.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, approximately reflecting the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($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 (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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