Southern Asia: Metal Skid Chain Market 2024

Metal Skid Chain Market Size in Southern Asia

The South Asian metal skid chain market shrank to $X in 2021, reducing by -5.8% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then reduced in the following year.

Metal Skid Chain Production in Southern Asia

In value terms, metal skid chain production declined to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +48.3% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted in the following year.

Metal Skid Chain Exports

Exports in Southern Asia

Metal skid chain exports skyrocketed to X tons in 2021, rising by 67% compared with the previous year's figure. In general, exports, however, showed a sharp decrease. The most prominent rate of growth was recorded in 2018 with an increase of 311%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal skid chain exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 1,019% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Sri Lanka (X tons) and India (X tons) prevails in exports structure, together committing 98% of total exports. Pakistan (X kg) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +1.3%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest metal skid chain supplying countries in Southern Asia were India ($X), Sri Lanka ($X) and Pakistan ($X).

In terms of the main exporting countries, Pakistan, with a CAGR of +8.3%, recorded 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 Southern Asia stood at $X per ton in 2021, which is down by -7.6% against the previous year. In general, the export price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 an increase of 172% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+16.6%), while the other leaders experienced mixed trends in the export price figures.

Metal Skid Chain Imports

Imports in Southern Asia

In 2021, supplies from abroad of iron or steel skid chain decreased by -26.1% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 74% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, metal skid chain imports declined to $X in 2021. Overall, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 159%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India was the key importing country with an import of about X tons, which finished at 45% of total imports. Nepal (X tons) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (18%) and Afghanistan (5.7%). The following importers - Maldives (X tons), Sri Lanka (X tons) and Pakistan (X tons) - together made up 7.4% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Maldives (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported iron or steel skid chain in Southern Asia, comprising 68% of total imports. The second position in the ranking was held by Nepal ($X), with a 14% share of total imports. It was followed by Bangladesh, with a 9% share.

In India, metal skid chain imports decreased by an average annual rate of -3.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (+1.4% per year) and Bangladesh (-2.9% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, picking up by 23% against the previous year. Over the period under review, the import price saw a notable expansion. The most prominent rate of growth was recorded in 2019 an increase of 49% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 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 Pakistan ($X per ton), while Maldives ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+4.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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