Thailand: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in Thailand

For the fourth year in a row, the Thai metal stud-link chain market recorded growth in sales value, which increased by 19% to $X in 2021. Overall, consumption continues to indicate a strong increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Metal Stud-Link Chain Exports

Exports from Thailand

Metal stud-link chain exports from Thailand expanded to X tons in 2021, growing by 3.3% on the year before. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 70,293%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal stud-link chain exports shrank to $X in 2021. In general, exports showed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 30,664% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for metal stud-link chain exports from Thailand, with a 83% share of total exports. Moreover, metal stud-link chain exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, the United States (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lao People's Democratic Republic stood at +285.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Myanmar (+51.1% per year).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for iron/steel stud-link chain exports from Thailand, comprising 91% of total exports. The second position in the ranking was held by the United States ($X), with a 5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Lao People's Democratic Republic totaled +374.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Myanmar (+31.0% per year).

Export Prices by Country

In 2021, the average metal stud-link chain export price amounted to $X per ton, declining by -13.5% against the previous year. Overall, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 169%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Myanmar ($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 Lao People's Democratic Republic (+23.2%), while the prices for the other major destinations experienced a decline.

Metal Stud-Link Chain Imports

Imports into Thailand

In 2021, approx. X tons of iron/steel stud-link chain were imported into Thailand; picking up by 5.7% compared with 2020 figures. Overall, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 89% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, metal stud-link chain imports soared to $X in 2021. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 61%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal stud-link chain to Thailand, accounting for a 87% share of total imports. Moreover, metal stud-link chain imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+36.0% per year) and Singapore (+77.2% per year).

In value terms, China ($X) constituted the largest supplier of iron/steel stud-link chain to Thailand, comprising 78% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.1% per year) and Singapore (+82.2% per year).

Import Prices by Country

The average metal stud-link chain import price stood at $X per ton in 2021, growing by 23% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 86% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($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 (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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