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

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

For the fifth year in a row, the Japanese metal link chain parts market recorded decline in sales value, which decreased by -8.3% to $X in 2021. Over the period under review, consumption saw a deep downturn. Metal link chain parts consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, metal link chain parts production surged to $X in 2021 estimated in export price. Over the period under review, production recorded a deep slump. The growth pace was the most rapid in 2014 when the production volume increased by 21% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Japan

In 2021, shipments abroad of iron or steel parts of articulated link chain increased by 36% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain parts exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of metal link chain parts exports from Japan, with a combined 59% share of total exports. South Korea, Mexico, the Czech Republic, the UK, Germany, Brazil, Italy, Taiwan (Chinese), India and Singapore lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +291.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Thailand ($X) were the largest markets for metal link chain parts exported from Japan worldwide, together comprising 62% of total exports. South Korea, Mexico, Germany, the Czech Republic, Brazil, the UK, Italy, India, Taiwan (Chinese) and Singapore lagged somewhat behind, together comprising a further 32%.

The Czech Republic, with a CAGR of +170.3%, recorded the highest growth rate of 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

In 2021, the average metal link chain parts export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 7.6%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 India (+14.0%), 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 Japan

In 2021, supplies from abroad of iron or steel parts of 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. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain parts imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Thailand (X tons) were the main suppliers of metal link chain parts imports to Japan, together comprising 93% of total imports. South Korea and Malaysia lagged somewhat behind, together accounting for a further 4.8%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +17.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and Thailand ($X) appeared to be the largest metal link chain parts suppliers to Japan, together comprising 91% of total imports. South Korea and Malaysia lagged somewhat behind, together comprising a further 4.4%.

Among the main suppliers, Malaysia, with a CAGR of +19.3%, 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 parts import price amounted to $X per ton, rising by 3.9% against the previous year. Overall, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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