Thailand: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Thailand

For the fifth consecutive year, the Thai metal link chain parts market recorded decline in sales value, which decreased by -33.2% to $X in 2021. In general, consumption showed a abrupt shrinkage. Metal link chain parts consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Thailand

In value terms, metal link chain parts production declined to $X in 2021 estimated in export price. In general, production saw a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 80%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Thailand

In 2021, the amount of iron or steel parts of articulated link chain exported from Thailand skyrocketed to X tons, surging by 62% on the previous year. Over the period under review, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 72%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal link chain parts exports skyrocketed to $X in 2021. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by 62% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons), Brazil (X tons) and Indonesia (X tons) were the main destinations of metal link chain parts exports from Thailand, with a combined 64% share of total exports. These countries were followed by the Philippines, Vietnam, Japan, the United States and India, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +113.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Brazil ($X) and Pakistan ($X) were the largest markets for metal link chain parts exported from Thailand worldwide, together comprising 65% of total exports. Vietnam, the Philippines, Japan, the United States and India lagged somewhat behind, together accounting for a further 30%.

In terms of the main countries of destination, the Philippines, with a CAGR of +94.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, waning by -19% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 32%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Philippines ($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 India (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Thailand

In 2021, approx. X tons of iron or steel parts of articulated link chain were imported into Thailand; with an increase of 46% on the year before. Overall, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.7% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 59% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, metal link chain parts imports skyrocketed to $X in 2021. In general, imports enjoyed a noticeable increase. The growth pace was the most rapid in 2016 with an increase of 135%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain parts to Thailand, accounting for a 70% share of total imports. Moreover, metal link chain parts imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-5.1% per year) and Taiwan (Chinese) (-4.5% per year).

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest metal link chain parts suppliers to Thailand, with a combined 97% share of total imports. Vietnam lagged somewhat behind, comprising a further 2.2%.

Among the main suppliers, Vietnam, with a CAGR of +98.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal link chain parts import price amounted to $X per ton, surging by 12% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 48% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, 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 Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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