India: Metal Link Chain Market 2024

Metal Link Chain Market Size in India

The Indian metal link chain market reached $X in 2021, picking up by 3% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Metal Link Chain Production in India

In value terms, metal link chain production amounted to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 12%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Metal Link Chain Exports

Exports from India

In 2021, overseas shipments of iron or steel articulated link chain were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 115%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal link chain exports skyrocketed to $X in 2021. In general, exports showed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 83% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for metal link chain exports from India, with a 31% share of total exports. Moreover, metal link chain exports to the United States exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+149.8% per year) and Spain (+22.7% per year).

In value terms, the largest markets for metal link chain exported from India were the United States ($X), Indonesia ($X) and Belgium ($X), with a combined 47% share of total exports.

Belgium, with a CAGR of +161.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2021, falling by -8.6% against the previous year. Overall, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 32%. The export price peaked at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Spain ($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 France (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into India

In 2021, supplies from abroad of iron or steel articulated link chain was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 91% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, metal link chain imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a mild decrease. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain to India, accounting for a 66% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. Singapore (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.5% per year) and Singapore (-11.6% per year).

In value terms, the largest metal link chain suppliers to India were China ($X), Germany ($X) and Singapore ($X), together accounting for 61% of total imports. Italy, South Korea, Thailand, the United States, Japan and Vietnam lagged somewhat behind, together accounting for a further 28%.

Among the main suppliers, Thailand, with a CAGR of +41.1%, saw 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, picking up by 48% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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