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

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

For the eighth consecutive year, the Pakistani metal link chain parts market recorded growth in sales value, which increased by 5.6% to $X in 2021. Over the period under review, consumption, however, showed a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Pakistan

In 2021, overseas shipments of iron or steel parts of articulated link chain decreased by -60% to X kg, falling for the second year in a row after three years of growth. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 507% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, metal link chain parts exports reduced remarkably to $X in 2021. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 267%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X kg) was the main destination for metal link chain parts exports from Pakistan, with a 86% share of total exports. Moreover, metal link chain parts exports to Saudi Arabia exceeded the volume sent to the second major destination, France (X kg), tenfold. Canada (X kg) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.1% per year) and Canada (+3.2% per year).

In value terms, France ($X) emerged as the key foreign market for iron or steel parts of articulated link chain exports from Pakistan, comprising 52% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 22% share of total exports. It was followed by Canada, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-6.2% per year) and Canada (-24.1% per year).

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, rising by 49% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2016 an increase of 67%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Saudi Arabia ($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 France (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Pakistan

In 2021, overseas purchases of iron or steel parts of articulated link chain decreased by -2.2% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 243% against the previous year. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, metal link chain parts imports rose sharply to $X in 2021. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 328%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain parts supplier to Pakistan, with a 71% share of total imports. Moreover, metal link chain parts imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +88.5%.

In value terms, China ($X) constituted the largest supplier of iron or steel parts of articulated link chain to Pakistan, comprising 67% of total imports. The second position in the ranking was held by Thailand ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +94.2%.

Import Prices by Country

The average metal link chain parts import price stood at $X per ton in 2021, with an increase of 11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 26% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.1%).

Source: IndexBox Platform

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