South-Eastern Asia: Metal Skid Chain Market 2024

Metal Skid Chain Market Size in South-Eastern Asia

The Southeast Asian metal skid chain market amounted to $X in 2021, stabilizing at the previous year. In general, consumption saw a deep contraction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Metal Skid Chain Production in South-Eastern Asia

In value terms, metal skid chain production rose sharply to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2016 with an increase of 39%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Metal Skid Chain Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of iron or steel skid chain decreased by -63.7% to X tons, falling for the second year in a row after three years of growth. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 99% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal skid chain exports dropped remarkably to $X in 2021. Over the period under review, exports, however, saw mild growth. The growth pace was the most rapid in 2014 with an increase of 354%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia represented the major exporter of iron or steel skid chain in South-Eastern Asia, with the volume of exports resulting at X tons, which was near 66% of total exports in 2021. It was distantly followed by Thailand (X tons) and Singapore (X tons), together comprising a 27% share of total exports. Indonesia (X tons), the Philippines (X tons) and Myanmar (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal skid chain exports from Malaysia stood at +28.7%. At the same time, Myanmar (+52.7%) and the Philippines (+11.7%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +52.7% from 2012-2021. By contrast, Thailand (-11.9%), Singapore (-26.1%) and Indonesia (-30.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia and Myanmar increased by +64 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 95% of total exports. These countries were followed by the Philippines, Indonesia and Myanmar, which together accounted for a further 4.2%.

Among the main exporting countries, Myanmar, with a CAGR of +50.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, rising by 3.4% against the previous year. Overall, the export price saw a strong expansion. The pace of growth was the most pronounced in 2014 when the export price increased by 160% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+37.5%), while the other leaders experienced more modest paces of growth.

Metal Skid Chain Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of iron or steel skid chain were imported in South-Eastern Asia; waning by -41.9% compared with the previous year. Overall, imports faced a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 182%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, metal skid chain imports contracted dramatically to $X in 2021. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 515% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Indonesia (X tons) and Singapore (X tons) prevails in imports structure, together creating 78% of total imports. Myanmar (X tons) held the next position in the ranking, followed by Malaysia (X tons). All these countries together took approx. 17% share of total imports. The Philippines (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +1.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Indonesia ($X), Singapore ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 77% share of total imports. These countries were followed by Myanmar and the Philippines, which together accounted for a further 14%.

Myanmar, with a CAGR of +7.5%, 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 a decline in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -5.7% against the previous year. Over the period under review, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the import price increased by 477%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($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 (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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