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

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

The Malaysian metal link chain parts market expanded remarkably to $X in 2021, surging by 14% 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, however, showed a abrupt downturn. Metal link chain parts consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Malaysia

In 2021, the amount of iron or steel parts of articulated link chain exported from Malaysia surged to X tons, rising by 33% compared with 2020. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 396%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain parts exports surged to $X in 2021. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 314%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia (X tons) was the main destination for metal link chain parts exports from Malaysia, accounting for a 54% share of total exports. Moreover, metal link chain parts exports to Indonesia exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The third position in this ranking was held by Japan (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia totaled +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+6.8% per year) and Japan (+29.5% per year).

In value terms, Indonesia ($X) remains the key foreign market for iron or steel parts of articulated link chain exports from Malaysia, comprising 52% of total exports. The second position in the ranking was held by Singapore ($X), with a 25% share of total exports. It was followed by Thailand, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+12.1% per year) and Thailand (+33.7% per year).

Export Prices by Country

The average metal link chain parts export price stood at $X per ton in 2021, picking up by 21% against the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain parts export price increased by +136.9% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 54% against the previous year. 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 Singapore ($X per ton), while the average price for exports to Japan ($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 China (+15.0%), 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 Malaysia

In 2021, approx. X tons of iron or steel parts of articulated link chain were imported into Malaysia; with an increase of 9.1% compared with the previous year. Over the period under review, imports, however, showed a perceptible decline. The growth pace was the most rapid in 2014 with an increase of 30%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, metal link chain parts imports surged to $X in 2021. In general, imports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 24%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain parts supplier to Malaysia, with a 61% share of total imports. Moreover, metal link chain parts imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-1.6% per year) and Taiwan (Chinese) (-7.1% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel parts of articulated link chain to Malaysia, comprising 67% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.3% per year) and Vietnam (-2.8% per year).

Import Prices by Country

The average metal link chain parts import price stood at $X per ton in 2021, with an increase of 9.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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