Japan: Metal Link Chain Market 2024

Metal Link Chain Market Size in Japan

After eight years of decline, the Japanese metal link chain market increased by 9.5% to $X in 2021. Overall, consumption, however, saw a deep downturn. Metal link chain consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Link Chain Production in Japan

In value terms, metal link chain production surged to $X in 2021 estimated in export price. In general, production, however, faced a deep setback. Metal link chain production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Link Chain Exports

Exports from Japan

In 2021, overseas shipments of iron or steel articulated link chain increased by 49% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 61%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain exports soared to $X in 2021. Overall, exports posted a prominent increase. The growth pace was the most rapid in 2015 when exports increased by 75%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Thailand (X tons) and Mexico (X tons) were the main destinations of metal link chain exports from Japan, with a combined 60% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +66.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for iron or steel articulated link chain exports from Japan, comprising 38% of total exports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total exports. It was followed by China, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+21.6% per year) and China (-6.8% per year).

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2021, shrinking by -6.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 15%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to South Africa ($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 Canada (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Japan

In 2021, purchases abroad of iron or steel articulated link chain decreased by -20.3% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal link chain imports reduced modestly to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.2% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 102% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain to Japan, accounting for a 58% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+9.4% per year) and Germany (+15.7% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel articulated link chain to Japan, comprising 74% of total imports. The second position in the ranking was held by China ($X), with an 8.7% share of total imports. It was followed by Mexico, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.2% per year) and Mexico (+45.2% per year).

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, increasing by 24% against the previous year. Over the period under review, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of 116%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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