Sri Lanka: Metal Link Chain Market 2025

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

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