South-Eastern Asia: Market for Welded Link Chain Of Iron Or Steel 2025

Market Size for Welded Link Chain Of Iron Or Steel in South-Eastern Asia

The Southeast Asian metal welded link chain market expanded rapidly to $X in 2021, with an increase of 8.7% against the previous year. Over the period under review, consumption recorded a noticeable decline. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Welded Link Chain Of Iron Or Steel in South-Eastern Asia

In value terms, metal welded link chain production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 21%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Welded Link Chain Of Iron Or Steel

Exports in South-Eastern Asia

In 2021, approx. X tons of welded link chain of iron or steel were exported in South-Eastern Asia; rising by 13% on 2020 figures. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +111.5% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 58%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, metal welded link chain exports rose sharply to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 67%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) and Thailand (X tons) dominates exports structure, together making up 93% of total exports. Malaysia (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +41.8%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X) remains the largest metal welded link chain supplier in South-Eastern Asia, comprising 69% of total exports. The second position in the ranking was held by Thailand ($X), with a 20% share of total exports.

In Singapore, metal welded link chain exports contracted by an average annual rate of -3.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+26.1% per year) and Malaysia (+5.3% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, with a decrease of -4.2% against the previous year. Overall, the export price showed a pronounced decline. The growth pace was the most rapid in 2017 an increase of 23%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($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 (+2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Welded Link Chain Of Iron Or Steel

Imports in South-Eastern Asia

In 2021, overseas purchases of welded link chain of iron or steel increased by 0.3% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 61% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, metal welded link chain imports rose rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2015 with an increase of 90% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by Thailand (X tons), Malaysia (X tons), Vietnam (X tons), Singapore (X tons) and Myanmar (X tons) were the major importers of welded link chain of iron or steel, together achieving 96% of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +9.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, together comprising 62% of total imports.

Indonesia, with a CAGR of +7.3%, saw the highest growth rate of 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 2021, surging by 6% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The growth pace was the most rapid in 2015 when the import price increased by 97%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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