Southern Asia: Market for Welded Link Chain Of Iron Or Steel 2025

Market Size for Welded Link Chain Of Iron Or Steel in Southern Asia

The South Asian metal welded link chain market contracted to $X in 2021, shrinking by -6.8% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Production of Welded Link Chain Of Iron Or Steel in Southern Asia

In value terms, metal welded link chain production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 33%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Welded Link Chain Of Iron Or Steel

Exports in Southern Asia

In 2021, overseas shipments of welded link chain of iron or steel increased by 263% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a abrupt setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal welded link chain exports skyrocketed to $X in 2021. In general, exports continue to indicate perceptible growth. The growth pace was the most rapid in 2020 when exports increased by 339%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

The shipments of the one major exporters of welded link chain of iron or steel, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the welded link chain of iron or steel exports, with a CAGR of -4.7% from 2012 to 2021. India (+11 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual growth rate of value in India stood at +3.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, declining by -12.3% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 156%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

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 +8.9% per year.

Imports of Welded Link Chain Of Iron Or Steel

Imports in Southern Asia

In 2021, approx. X tons of welded link chain of iron or steel were imported in Southern Asia; jumping by 61% compared with the year before. Overall, imports posted a notable expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 191% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal welded link chain imports surged to $X in 2021. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 108% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

India represented the major importing country with an import of about X tons, which finished at 80% of total imports. It was distantly followed by Bangladesh (X tons), creating an 11% share of total imports. Sri Lanka (X tons), Afghanistan (X tons) and Pakistan (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +8.4% from 2012 to 2021. At the same time, Afghanistan (+26.8%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +26.8% from 2012-2021. Pakistan experienced a relatively flat trend pattern. By contrast, Bangladesh (-1.5%) and Sri Lanka (-13.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Afghanistan increased by +22 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported welded link chain of iron or steel in Southern Asia, comprising 82% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an 8.5% share of total imports. It was followed by Sri Lanka, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value in India stood at +8.4%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (-0.9% per year) and Sri Lanka (-7.9% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, increasing by 18% against the previous year. Import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal welded link chain import price increased by +61.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 45%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, 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 ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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