Indonesia: Metal Chain Market 2025

Metal Chain Market Size in Indonesia

The Indonesian metal chain market contracted to $X in 2022, falling by -9% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -21.6% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Chain Production in Indonesia

In value terms, metal chain production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 231%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Metal Chain Exports

Exports from Indonesia

In 2022, approx. X tons of iron or steel chain were exported from Indonesia; dropping by -73% on 2021. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 12,022%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, metal chain exports reduced notably to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 16,608% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for metal chain exports from Indonesia, with a 91% share of total exports. Moreover, metal chain exports to Singapore exceeded the volume sent to the second major destination, Timor-Leste (X kg), more than tenfold. The third position in this ranking was held by Thailand (X kg), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+19.3% per year) and Thailand (+23.6% per year).

In value terms, Singapore ($X) remains the key foreign market for iron or steel chain exports from Indonesia, comprising 85% of total exports. The second position in the ranking was taken by Timor-Leste ($X), with a 9.9% share of total exports. It was followed by Thailand, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+23.7% per year) and Thailand (+10.3% per year).

Export Prices by Country

The average metal chain export price stood at $X per ton in 2022, shrinking by -71.2% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 237% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Timor-Leste ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Imports

Imports into Indonesia

Metal chain imports into Indonesia contracted notably to X tons in 2022, declining by -18.4% compared with 2021 figures. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 199% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, metal chain imports skyrocketed to $X in 2022. Overall, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2015 when imports increased by 237% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Singapore (X tons), China (X tons) and Thailand (X tons) were the main suppliers of metal chain imports to Indonesia, together comprising 87% of total imports. Finland, Italy, Germany, the United States, Taiwan (Chinese), Japan and South Korea lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +7.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X) constituted the largest supplier of iron or steel chain to Indonesia, comprising 35% of total imports. The second position in the ranking was held by Singapore ($X), with a 17% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at -15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-4.7% per year) and China (-11.4% per year).

Import Prices by Country

The average metal chain import price stood at $X per ton in 2022, rising by 45% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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