South-Eastern Asia: Metal Link Chain Market 2024

Metal Link Chain Market Size in South-Eastern Asia

In 2021, the Southeast Asian metal link chain market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Link Chain Production in South-Eastern Asia

In value terms, metal link chain production expanded markedly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt slump. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Link Chain Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of iron or steel articulated link chain were exported in South-Eastern Asia; growing by 18% on 2020 figures. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 113%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal link chain exports surged to $X in 2021. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 89% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) and Thailand (X tons) prevails in exports structure, together comprising 88% of total exports. It was distantly followed by Vietnam (X tons), generating an 8.7% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +59.0%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest metal link chain supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Vietnam ($X), together comprising 96% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +60.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, surging by 21% against the previous year. Export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain export price increased by +22.0% against 2019 indices. The pace of growth was the most pronounced in 2017 when the export price increased by 50% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+7.1%), while the other leaders experienced more modest paces of growth.

Metal Link Chain Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of iron or steel articulated link chain increased by 37% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible contraction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal link chain imports soared to $X in 2021. In general, imports, however, continue to indicate a mild contraction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of iron or steel articulated link chain, namely Malaysia, Thailand and Indonesia, represented more than two-thirds of total import. The Philippines (X tons) held the next position in the ranking, followed by Vietnam (X tons), Singapore (X tons) and Myanmar (X tons). All these countries together took near 27% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 74% of total imports. Vietnam, the Philippines, Singapore and Myanmar lagged somewhat behind, together accounting for a further 25%.

The Philippines, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2014 when the import price increased by 16%. The level of import peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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