Report Update Nov 1, 2024

Sri Lanka - Iron or Steel Articulated Link Chain - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Metal Link Chain Market 2024

Metal Link Chain Market Size in Sri Lanka

In 2021, the Sri Lankan metal link chain market increased by 36% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a buoyant increase. Metal link chain consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Metal Link Chain Exports

Exports from Sri Lanka

In 2021, metal link chain exports from Sri Lanka dropped notably to X tons, falling by -55.1% on the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 385% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports shrank rapidly to $X in 2021. Overall, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by 440% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X tons) was the main destination for metal link chain exports from Sri Lanka, accounting for a 97% share of total exports. Moreover, metal link chain exports to Maldives exceeded the volume sent to the second major destination, India (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Maldives totaled +30.7%.

In value terms, Maldives ($X) emerged as the key foreign market for iron or steel articulated link chain exports from Sri Lanka, comprising 97% of total exports. The second position in the ranking was taken by India ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Maldives stood at +36.1%.

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, shrinking by -7% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 162%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Maldives ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.1%).

Metal Link Chain Imports

Imports into Sri Lanka

For the third year in a row, Sri Lanka recorded growth in purchases abroad of iron or steel articulated link chain, which increased by 30% to X tons in 2021. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 472% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, metal link chain imports skyrocketed to $X in 2021. In general, imports posted a tangible increase. The growth pace was the most rapid in 2020 when imports increased by 395%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain supplier to Sri Lanka, accounting for a 76% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +70.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.0% per year) and Germany (+1.5% per year).

In value terms, China ($X), Germany ($X) and India ($X) were the largest metal link chain suppliers to Sri Lanka, with a combined 92% share of total imports.

China, with a CAGR of +65.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal link chain import price stood at $X per ton in 2021, surging by 8.2% against the previous year. Overall, the import price, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by 75%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($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 (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel articulated link chain in the world?

China remains the largest metal link chain consuming country worldwide, comprising approx. 31% of total volume. Moreover, metal link chain consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 12% share.

What are the largest producers of iron or steel articulated link chain in the world?

The country with the largest volume of metal link chain production was China, accounting for 38% of total volume. Moreover, metal link chain production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with an 11% share.

What are the leading suppliers of iron or steel articulated link chain to Sri Lanka?

In value terms, Germany constituted the largest supplier of metal link chain to Sri Lanka, comprising 66% of total imports. The second position in the ranking was occupied by India, with a 26% share of total imports. It was followed by the UK, with a 4.1% share.

What are the leading importers of iron or steel articulated link chain from Sri Lanka?

In value terms, India remains the key foreign market for metal link chain exports from Sri Lanka.

What is the average export price for iron or steel articulated link chain in Sri Lanka?

In 2021, the average metal link chain export price amounted to $8,985 per ton, stabilizing at the previous year.

What is the average import price for iron or steel articulated link chain in Sri Lanka?

In 2021, the average metal link chain import price amounted to $5,815 per ton, with an increase of 108% against the previous year.

This report provides an in-depth analysis of the metal link chain market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28152170 - Iron or steel articulated link chain (excluding roller chain)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023