Report Update Feb 1, 2025

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

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Sri Lanka: Metal Skid Chain Market 2025

Metal Skid Chain Market Size in Sri Lanka

The Sri Lankan metal skid chain market dropped slightly to $X in 2021, stabilizing at the previous year. Over the period under review, consumption showed a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Metal Skid Chain Production in Sri Lanka

In value terms, metal skid chain production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable curtailment. The growth pace was the most rapid in 2013 with an increase of 30% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Metal Skid Chain Exports

Exports from Sri Lanka

For the fifth consecutive year, Sri Lanka recorded growth in shipments abroad of iron or steel skid chain, which increased by 2.2% to X tons in 2021. In general, exports recorded a mild increase. The growth pace was the most rapid in 2020 when exports increased by 83% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, metal skid chain exports contracted to $X in 2021. Over the period under review, exports, however, showed a pronounced curtailment. The smallest decline of -2.4% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for metal skid chain exports from Sri Lanka, with a approx. 50% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of volume to Singapore was relatively modest.

In value terms, Singapore ($X) emerged as the key foreign market for iron or steel skid chain exports from Sri Lanka.

From 2014 to 2021, the average annual growth rate of value to Singapore was relatively modest.

Export Prices by Country

The average metal skid chain export price stood at $X per ton in 2021, waning by -6.9% against the previous year. In general, the export price showed a noticeable contraction. The growth pace was the most rapid in 2015 a decrease of -3.5% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2014 to 2021, the rate of growth in terms of prices for India amounted to +27.0% per year.

Metal Skid Chain Imports

Imports into Sri Lanka

In 2021, metal skid chain imports into Sri Lanka fell remarkably to X tons, waning by -61.7% compared with the previous year. Overall, imports, however, saw a slight increase. The growth pace was the most rapid in 2014 with an increase of 2,902%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, metal skid chain imports fell notably to $X in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 1,844%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest metal skid chain supplier to Sri Lanka, with a 61% share of total imports. Moreover, metal skid chain imports from South Korea exceeded the figures recorded by the second-largest supplier, Malaysia (X kg), twofold. The third position in this ranking was taken by China (X kg), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +68.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-13.5% per year) and China (-20.9% per year).

In value terms, the largest metal skid chain suppliers to Sri Lanka were Malaysia ($X), South Korea ($X) and China ($X), with a combined 90% share of total imports.

South Korea, with a CAGR of +31.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal skid chain import price amounted to $X per ton, growing by 2.7% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 82%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of metal skid chain consumption in 2021 were China, Russia and the United States, together comprising 54% of global consumption.

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

China remains the largest metal skid chain producing country worldwide, comprising approx. 46% of total volume. Moreover, metal skid chain production in China exceeded the figures recorded by the second-largest producer, Russia, fourfold. The third position in this ranking was occupied by India, with a 6.1% share.

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

In value terms, the largest metal skid chain suppliers to Sri Lanka were China, Singapore and India, with a combined 94% share of total imports.

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

The average metal skid chain export price stood at $3,588 per ton in 2020, with an increase of 7.1% against the previous year.

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

The average metal skid chain import price stood at $3,135 per ton in 2021, waning by -6.7% against the previous year.

This report provides an in-depth analysis of the metal skid 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 25931730 - Iron or steel skid chain excluding chains fitted with cutting, or other articles in which chains play a subsidiary role, door guards finished with chains - surveying chains

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024