Report Update Feb 1, 2025

Philippines - Iron or Steel Chain - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Metal Chain Market 2025

Metal Chain Market Size in the Philippines

The Philippine metal chain market amounted to $X in 2022, surging by 1.8% 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 enjoyed a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in years to come.

Metal Chain Exports

Exports from the Philippines

In 2022, shipments abroad of iron or steel chain increased by 95% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 8,061%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal chain exports shrank slightly to $X in 2022. Over the period under review, exports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 8,190%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons), the UK (X tons) and Papua New Guinea (X kg) were the main destinations of metal chain exports from the Philippines, together comprising 100% of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +33,650.0%), while the other leaders experienced a decline.

In value terms, Japan ($X) remains the key foreign market for iron or steel chain exports from the Philippines, comprising 71% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 23% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Japan stood at -20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-12.8% per year) and the UK (+678.8% per year).

Export Prices by Country

The average metal chain export price stood at $X per ton in 2022, declining by -50% against the previous year. Overall, the export price showed a significant curtailment. The growth pace was the most rapid in 2015 an increase of 446%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+22.6%), while the prices for the other major destinations experienced a decline.

Metal Chain Imports

Imports into the Philippines

In 2022, approx. X tons of iron or steel chain were imported into the Philippines; rising by 9% against the previous year's figure. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 78% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, metal chain imports dropped modestly to $X in 2022. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 106%. Over the period under review, imports hit record highs at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of metal chain to the Philippines, with a 90% share of total imports. It was followed by Japan (X tons), with a 2.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+21.2% per year) and Singapore (+1.7% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel chain to the Philippines, comprising 61% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+25.4% per year) and Singapore (+1.0% per year).

Import Prices by Country

In 2022, the average metal chain import price amounted to $X per ton, shrinking by -9.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 38%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel chain in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 40% of global consumption. Japan, Russia, Indonesia, Italy, France, Canada, South Korea, Turkey, Australia and Germany lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of iron or steel chain in the world?

The country with the largest volume of metal chain production was China, comprising approx. 31% of total volume. Moreover, metal chain production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 9.4% share.

What are the leading suppliers of iron or steel chain to the Philippines?

In value terms, China constituted the largest supplier of metal chain to the Philippines, comprising 42% of total imports. The second position in the ranking was occupied by Japan, with a 17% share of total imports. It was followed by Singapore, with a 12% share.

What are the leading importers of iron or steel chain from the Philippines?

In value terms, Japan remains the key foreign market for metal chain exports from the Philippines.

What is the average export price for iron or steel chain in the Philippines?

The average metal chain export price stood at $5,455 per ton in 2021, growing by 8.4% against the previous year.

What is the average import price for iron or steel chain in the Philippines?

In 2021, the average metal chain import price amounted to $1,889 per ton, reducing by -15.9% against the previous year.

This report provides an in-depth analysis of the metal chain market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931750 - Iron or steel chain excluding articulated link chain, skid chain, s tud-link and welded link chain - chain saws, or other articles in which chains play a subsidiary role, surveying chains

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024