Indonesia: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Indonesia

For the fifth year in a row, the Indonesian metal link chain parts market recorded decline in sales value, which decreased by -16.8% to $X in 2021. Over the period under review, consumption continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 2.6% against the previous year. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Iron Or Steel Parts Of Articulated Link Chain in Indonesia

In value terms, metal link chain parts production shrank slightly to $X in 2021 estimated in export price. In general, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Indonesia

In 2021, the amount of iron or steel parts of articulated link chain exported from Indonesia soared to X kg, increasing by 120% on 2020 figures. In general, exports, however, showed a sharp slump. The pace of growth appeared the most rapid in 2015 with an increase of 3,107% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, metal link chain parts exports surged to $X in 2021. Overall, exports recorded a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by 6,123%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X kg), Nigeria (X kg) and Malaysia (X kg) were the main destinations of metal link chain parts exports from Indonesia, with a combined 81% share of total exports. These countries were followed by Japan, the United States and Singapore, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +52.5%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for iron or steel parts of articulated link chain exports from Indonesia, comprising 71% of total exports. The second position in the ranking was held by Nigeria ($X), with a 20% share of total exports. It was followed by Japan, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (0.0% per year) and Japan (+79.9% per year).

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, surging by 138% against the previous year. In general, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 547% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Malaysia ($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 Japan (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Indonesia

In 2021, imports of iron or steel parts of articulated link chain into Indonesia rose notably to X tons, surging by 11% on 2020. Overall, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 99.9%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, metal link chain parts imports contracted modestly to $X in 2021. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 61%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of metal link chain parts imports to Indonesia, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +66.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of iron or steel parts of articulated link chain to Indonesia, comprising 65% of total imports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+72.3% per year) and China (+24.1% per year).

Import Prices by Country

In 2021, the average metal link chain parts import price amounted to $X per ton, which is down by -10% against the previous year. Overall, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 53%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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