Thailand: Metal Link Chain Market 2024

Metal Link Chain Market Size in Thailand

In 2021, after two years of decline, there was significant growth in the Thai metal link chain market, when its value increased by 24% to $X. In general, consumption, however, saw a noticeable reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Metal Link Chain Production in Thailand

In value terms, metal link chain production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt slump. Metal link chain production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Metal Link Chain Exports

Exports from Thailand

Metal link chain exports from Thailand expanded slightly to X tons in 2021, increasing by 1.6% against the previous year's figure. Overall, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 18%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal link chain exports rose markedly to $X in 2021. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of 29%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Cambodia (X tons) and Indonesia (X tons) were the main destinations of metal link chain exports from Thailand, with a combined 70% share of total exports. The Philippines, Myanmar, India, Singapore, Brazil, China, Vietnam, Lao People's Democratic Republic and Malaysia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +75.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the key foreign market for iron or steel articulated link chain exports from Thailand, comprising 37% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.1% share of total exports. It was followed by India, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.0% per year) and India (+25.7% per year).

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, with an increase of 5.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2013 an increase of 23% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Thailand

In 2021, supplies from abroad of iron or steel articulated link chain was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a mild downturn. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, metal link chain imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and Malaysia (X tons) were the main suppliers of metal link chain imports to Thailand, with a combined 85% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +6.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of iron or steel articulated link chain to Thailand, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.1% per year) and Germany (-6.6% per year).

Import Prices by Country

The average metal link chain import price stood at $X per ton in 2021, shrinking by -6.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2016 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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