Malaysia: Metal Link Chain Market 2024

Metal Link Chain Market Size in Malaysia

The Malaysian metal link chain market skyrocketed to $X in 2021, growing by 105% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a measured expansion. Metal link chain consumption peaked in 2021 and is expected to retain growth in the immediate term.

Metal Link Chain Exports

Exports from Malaysia

Metal link chain exports from Malaysia fell notably to X tons in 2021, reducing by -66.4% compared with 2020. In general, exports faced a sharp descent. The growth pace was the most rapid in 2016 with an increase of 164%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain exports dropped notably to $X in 2021. Overall, exports showed a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 252% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), Vietnam (X tons) and Indonesia (X tons) were the main destinations of metal link chain exports from Malaysia, together comprising 69% of total exports. These countries were followed by Sri Lanka, Honduras, Guatemala, the Philippines and Brazil, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Honduras (with a CAGR of +113.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal link chain exported from Malaysia were Thailand ($X), Vietnam ($X) and Indonesia ($X), with a combined 73% share of total exports. These countries were followed by Sri Lanka, Honduras, Brazil, Guatemala and the Philippines, which together accounted for a further 17%.

Honduras, with a CAGR of +51.2%, recorded the highest rates of growth with regard to 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 export price amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the export price posted strong growth. The growth pace was the most rapid in 2020 when the average export price increased by 52% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Brazil ($X per ton), while the average price for exports to Honduras ($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 Brazil (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Malaysia

In 2021, purchases abroad of iron or steel 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. Overall, imports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2014 with an increase of 73% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal link chain imports skyrocketed to $X in 2021. In general, imports, however, recorded a mild shrinkage. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain supplier to Malaysia, with a 66% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.9% per year) and the United States (+22.8% per year).

In value terms, the largest metal link chain suppliers to Malaysia were China ($X), Germany ($X) and the United States ($X), with a combined 70% share of total imports. Japan, Italy, Thailand, India, South Korea and Singapore lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, South Korea, with a CAGR of +41.0%, recorded 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

The average metal link chain import price stood at $X per ton in 2021, increasing by 24% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for China ($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 (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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