Southern Asia: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in Southern Asia

The South Asian metal stud-link chain market reached $X in 2021, standing approx. at the previous year. Over the period under review, consumption recorded strong growth. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Metal Stud-Link Chain Production in Southern Asia

In value terms, metal stud-link chain production rose modestly to $X in 2021 estimated in export price. In general, production showed a deep downturn. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Stud-Link Chain Exports

Exports in Southern Asia

In 2021, the amount of iron/steel stud-link chain exported in Southern Asia soared to X tons, rising by 317% compared with 2020 figures. Over the period under review, exports, however, continue to indicate a deep contraction. 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 stud-link chain exports soared to $X in 2021. Overall, exports, however, saw a abrupt curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) represented roughly 99% of total exports in 2021.

India experienced a relatively flat trend pattern with regard to volume of exports of iron/steel stud-link chain. From 2012 to 2021, the share of India increased by +75 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest metal stud-link chain supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India totaled +4.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, which is down by -9.9% against the previous year. Export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.9% 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 stud-link chain export price decreased by -7.4% against 2017 indices. The pace of growth was the most pronounced in 2017 when the export price increased by 48%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +4.4% per year.

Metal Stud-Link Chain Imports

Imports in Southern Asia

In 2021, approx. X tons of iron/steel stud-link chain were imported in Southern Asia; with an increase of 19% compared with 2020 figures. Overall, imports showed moderate growth. The pace of growth appeared the most rapid in 2016 when imports increased by 52% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal stud-link chain imports rose markedly to $X in 2021. Over the period under review, imports posted tangible growth. The most prominent rate of growth was recorded in 2016 when imports increased by 66%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Bangladesh was the largest importing country with an import of about X tons, which reached 71% of total imports. India (X tons) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (5.5%). Sri Lanka (X tons) and Maldives (X tons) followed a long way behind the leaders.

Imports into Bangladesh increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, Pakistan (+30.2%) and Maldives (+18.4%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +30.2% from 2012-2021. By contrast, India (-1.9%) and Sri Lanka (-8.8%) illustrated a downward trend over the same period. While the share of Bangladesh (+9.9 p.p.) and Pakistan (+4.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sri Lanka (-5.1 p.p.) and India (-10.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported iron/steel stud-link chain in Southern Asia, comprising 61% of total imports. The second position in the ranking was held by India ($X), with a 23% share of total imports. It was followed by Pakistan, with an 8.5% share.

In Bangladesh, metal stud-link chain imports increased at an average annual rate of +10.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (-4.0% per year) and Pakistan (+28.6% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, falling by -11.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 when the import price increased by 24%. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, 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 Maldives ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+5.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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