Thailand: Metal Chain Market 2025

Metal Chain Market Size in Thailand

The Thai metal chain market fell to $X in 2022, waning by -6.7% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Chain Production in Thailand

In value terms, metal chain production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a mild shrinkage. The growth pace was the most rapid in 2015 when the production volume increased by 41% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Metal Chain Exports

Exports from Thailand

In 2022, the amount of iron or steel chain exported from Thailand plummeted to X tons, dropping by -20.4% against the previous year's figure. Overall, exports faced a significant contraction. The growth pace was the most rapid in 2018 with an increase of 123%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal chain exports shrank modestly to $X in 2022. In general, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 72%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for metal chain exports from Thailand, with a 68% share of total exports. Moreover, metal chain exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Cambodia (X tons), fourfold. The third position in this ranking was held by Myanmar (X tons), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lao People's Democratic Republic totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+9.8% per year) and Myanmar (+28.3% per year).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for iron or steel chain exports from Thailand, comprising 56% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 14% share of total exports. It was followed by Vietnam, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Lao People's Democratic Republic stood at +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+2.8% per year) and Vietnam (-9.2% per year).

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Imports

Imports into Thailand

In 2022, the amount of iron or steel chain imported into Thailand declined markedly to X tons, with a decrease of -15.5% compared with 2021. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 73% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, metal chain imports dropped remarkably to $X in 2022. In general, imports continue to indicate a slight curtailment. The growth pace was the most rapid in 2017 when imports increased by 64%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal chain to Thailand, accounting for a 73% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was held by Japan (X tons), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+41.0% per year) and Japan (-14.2% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel chain to Thailand, comprising 42% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-11.0% per year) and Germany (+5.5% per year).

Import Prices by Country

The average metal chain import price stood at $X per ton in 2022, falling by -5.1% against the previous year. In general, the import price recorded a mild slump. The growth pace was the most rapid in 2018 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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