India: Metal Skid Chain Market 2024

Metal Skid Chain Market Size in India

The Indian metal skid chain market contracted to $X in 2021, declining by -6.1% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal skid chain consumption peaked at $X in 2020, and then fell in the following year.

Metal Skid Chain Production in India

In value terms, metal skid chain production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.5% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Metal Skid Chain Exports

Exports from India

In 2021, the amount of iron or steel skid chain exported from India surged to X tons, rising by 350% against 2020. In general, exports, however, saw a dramatic decrease. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, metal skid chain exports surged to $X in 2021. Overall, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 1,019% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for metal skid chain exports from India, accounting for a 53% share of total exports. Moreover, metal skid chain exports to the United Arab Emirates exceeded the volume sent to the second major destination, Nigeria (X kg), fivefold. The third position in this ranking was held by Nepal (X kg), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-19.4% per year) and Nepal (-42.1% per year).

In value terms, the United States ($X), the United Arab Emirates ($X) and Nepal ($X) constituted the largest markets for metal skid chain exported from India worldwide, together comprising 69% of total exports. Nigeria, Sudan, Kuwait, Thailand, Kenya and Sierra Leone lagged somewhat behind, together comprising a further 24%.

Thailand, with a CAGR of +94.7%, recorded the highest growth rate of the value of exports, in terms of 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 skid chain export price stood at $X per ton in 2021, waning by -33.3% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2018 when the average export price increased by 172%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sierra Leone ($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 the United States (+53.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Skid Chain Imports

Imports into India

Metal skid chain imports into India skyrocketed to X tons in 2021, with an increase of 24% on the previous year. Over the period under review, imports, however, recorded a mild contraction. The pace of growth was the most pronounced in 2019 with an increase of 327%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal skid chain imports surged to $X in 2021. Overall, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2019 with an increase of 323%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of metal skid chain imports to India, with a combined 87% share of total imports. Turkey and Slovenia lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +435.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Austria ($X) appeared to be the largest metal skid chain suppliers to India, with a combined 80% share of total imports. These countries were followed by Slovenia and Turkey, which together accounted for a further 9.8%.

Turkey, with a CAGR of +709.3%, recorded the highest growth rate of the value of imports, among the main suppliers 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 skid chain import price amounted to $X per ton, declining by -1.5% against the previous year. Overall, the import price recorded a slight descent. The pace of growth appeared the most rapid in 2016 an increase of 65% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+51.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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