Pakistan: Metal Link Chain Market 2024

Metal Link Chain Market Size in Pakistan

In 2021, the Pakistani metal link chain market increased by 36% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.6% against 2019 indices. Metal link chain consumption peaked in 2021 and is expected to retain growth in the near future.

Metal Link Chain Exports

Exports from Pakistan

In 2021, exports of iron or steel articulated link chain from Pakistan expanded notably to X tons, picking up by 12% against 2020 figures. In general, exports showed strong growth. The growth pace was the most rapid in 2013 when exports increased by 748% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal link chain exports fell dramatically to $X in 2021. Overall, exports saw a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 1,060%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for metal link chain exports from Pakistan, accounting for a 90% share of total exports. Moreover, metal link chain exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.5% per year) and Canada (+19.7% per year).

In value terms, the UK ($X) remains the key foreign market for iron or steel articulated link chain exports from Pakistan, comprising 88% of total exports. The second position in the ranking was held by the United States ($X), with a 5.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.4% per year) and Canada (+7.1% per year).

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, waning by -24.3% against the previous year. In general, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then shrank markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($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 the UK (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Link Chain Imports

Imports into Pakistan

In 2021, supplies from abroad of iron or steel articulated link chain increased by 71% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain imports surged to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 30%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain supplier to Pakistan, with a 80% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.5% per year) and Italy (-1.6% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel articulated link chain to Pakistan, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Italy, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.9% per year) and Italy (+0.7% per year).

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, dropping by -30.8% against the previous year. Overall, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 an increase of 39%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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 Germany (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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