South-Eastern Asia: Metal Chain Market 2024

Metal Chain Market Size in South-Eastern Asia

The Southeast Asian metal chain market contracted to $X in 2022, dropping by -5.6% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Metal Chain Production in South-Eastern Asia

In value terms, metal chain production reduced to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -19.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 50%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Metal Chain Exports

Exports in South-Eastern Asia

After two years of decline, shipments abroad of iron or steel chain increased by 0.1% to X tons in 2022. Overall, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 230%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, metal chain exports reached $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 174% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore was the largest exporting country with an export of about X tons, which recorded 56% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 22% share, followed by Vietnam (15%) and Thailand (5.5%).

From 2012 to 2022, average annual rates of growth with regard to metal chain exports from Singapore stood at -12.6%. Malaysia (-6.9%), Vietnam (-8.2%) and Thailand (-28.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Singapore and Vietnam increased by +12, +7.9 and +7.2 percentage points, respectively.

In value terms, Singapore ($X) emerged as the largest metal chain supplier in South-Eastern Asia, comprising 57% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 23% share of total exports. It was followed by Malaysia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to -7.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+3.8% per year) and Malaysia (-9.9% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, picking up by 2% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain export price increased by +73.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 39% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.1%), while the other leaders experienced mixed trends in the export price figures.

Metal Chain Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of iron or steel chain increased by 2.5% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 69% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, metal chain imports contracted slightly to $X in 2022. In general, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 82% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Philippines (X tons) represented the key importer of iron or steel chain, committing 33% of total imports. Vietnam (X tons) ranks second in terms of the total imports with an 18% share, followed by Thailand (16%), Singapore (10%), Indonesia (9.7%), Malaysia (5.7%) and Myanmar (5.2%).

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +43.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest metal chain importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and the Philippines ($X), together comprising 64% of total imports.

The Philippines, with a CAGR of +17.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, reducing by -4.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 22%. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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