Report Update Mar 1, 2025

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

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Sri Lanka: Market for Welded Link Chain Of Iron Or Steel 2025

Market Size for Welded Link Chain Of Iron Or Steel in Sri Lanka

In 2021, the Sri Lankan metal welded link chain market increased by 11% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Sri Lanka

In 2021, shipments abroad of welded link chain of iron or steel increased by 50% to X kg, rising for the second year in a row after two years of decline. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 2,410%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, metal welded link chain exports skyrocketed to $X in 2021. Overall, exports showed significant growth. The growth pace was the most rapid in 2014 with an increase of 2,170% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Maldives (X kg) was the main destination for metal welded link chain exports from Sri Lanka, accounting for a 100% share of total exports. It was followed by Seychelles (X kg), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives totaled +114.6%.

In value terms, Maldives ($X) remains the key foreign market for welded link chain of iron or steel exports from Sri Lanka, comprising 97% of total exports. The second position in the ranking was held by Seychelles ($X), with a 3.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives amounted to +92.4%.

Export Prices by Country

In 2021, the average metal welded link chain export price amounted to $X per ton, waning by -5.4% against the previous year. Overall, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal welded link chain export price decreased by -10.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 42% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Maldives stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+31.7%).

Imports of Welded Link Chain Of Iron Or Steel

Imports into Sri Lanka

In 2021, overseas purchases of welded link chain of iron or steel decreased by -18.4% to X tons, falling for the third year in a row after two years of growth. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when imports increased by 158% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, metal welded link chain imports skyrocketed to $X in 2021. In general, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when imports increased by 166% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and South Africa (X tons) were the main suppliers of metal welded link chain imports to Sri Lanka, together accounting for 89% of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +60.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X) constituted the largest supplier of welded link chain of iron or steel to Sri Lanka, comprising 58% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by South Africa, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at +50.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.5% per year) and South Africa (-8.8% per year).

Import Prices by Country

In 2021, the average metal welded link chain import price amounted to $X per ton, rising by 50% against the previous year. Overall, the import price recorded a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+27.1%), 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 welded link chain of iron or steel in the world?

China remains the largest metal welded link chain consuming country worldwide, comprising approx. 33% of total volume. Moreover, metal welded link chain consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Russia ranked third in terms of total consumption with a 5.8% share.

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

The country with the largest volume of metal welded link chain production was China, accounting for 54% of total volume. Moreover, metal welded link chain production in China exceeded the figures recorded by the second-largest producer, the United States, more than tenfold. Russia ranked third in terms of total production with a 4.1% share.

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

In value terms, China constituted the largest supplier of metal welded link chain to Sri Lanka, comprising 61% of total imports. The second position in the ranking was occupied by Austria, with a 16% share of total imports. It was followed by Germany, with a 15% share.

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

In value terms, Maldives remains the key foreign market for metal welded link chain exports from Sri Lanka, comprising 88% of total exports. The second position in the ranking was occupied by Seychelles $295), with a 12% share of total exports.

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

The average metal welded link chain export price stood at $2,735 per ton in 2020, which is down by -12.4% against the previous year.

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

In 2020, the average metal welded link chain import price amounted to $1,629 per ton, increasing by 39% against the previous year.

This report provides an in-depth analysis of the market for metal welded link chain 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 25931724 - Welded link chain of iron or steel (excluding articulated link chain, skid chain and stud-link 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 2012–2024
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