Thailand: Metal Skid Chain Market 2025

Metal Skid Chain Market Size in Thailand

The Thai metal skid chain market rose notably to $X in 2021, increasing by 14% against the previous year. In general, consumption, however, continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Skid Chain Production in Thailand

In value terms, metal skid chain production soared to $X in 2021 estimated in export price. In general, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 23% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Metal Skid Chain Exports

Exports from Thailand

After three years of growth, shipments abroad of iron or steel skid chain decreased by -3.4% to X tons in 2021. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 3,568%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal skid chain exports skyrocketed to $X in 2021. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 1,605% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for metal skid chain exports from Thailand, with a 95% share of total exports. Moreover, metal skid chain exports to Malaysia exceeded the volume sent to the second major destination, Pakistan (X tons), more than tenfold. The Philippines (X kg) ranked third in terms of total exports with a 0.2% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +86.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+194.3% per year) and the Philippines (-51.1% per year).

In value terms, the largest markets for metal skid chain exported from Thailand were Malaysia ($X), Pakistan ($X) and the Philippines ($X), together accounting for 100% of total exports.

Among the main countries of destination, Pakistan, with a CAGR of +143.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metal skid chain export price stood at $X per ton in 2021, jumping by 38% against the previous year. Overall, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of 129% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Malaysia ($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 the Philippines (+35.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Skid Chain Imports

Imports into Thailand

For the third year in a row, Thailand recorded decline in overseas purchases of iron or steel skid chain, which decreased by -74.3% to X tons in 2021. Over the period under review, imports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 64% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, metal skid chain imports shrank sharply to $X in 2021. In general, imports faced a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 122% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and Singapore (X kg) were the main suppliers of metal skid chain imports to Thailand, together comprising 88% of total imports. Belgium, Germany and South Korea lagged somewhat behind, together accounting for a further 7.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +14.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of iron or steel skid chain to Thailand, comprising 46% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Belgium, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.8% per year) and Belgium (+25.4% per year).

Import Prices by Country

In 2021, the average metal skid chain import price amounted to $X per ton, rising by 69% against the previous year. Overall, the import price showed a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 112% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average 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 ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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