Thailand: Market for Welded Link Chain Of Iron Or Steel 2025

Market Size for Welded Link Chain Of Iron Or Steel in Thailand

The Thai metal welded link chain market soared to $X in 2021, growing by 19% against the previous year. Overall, consumption, however, showed a mild setback. Metal welded link chain consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Welded Link Chain Of Iron Or Steel in Thailand

In value terms, metal welded link chain production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2019 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Thailand

In 2021, shipments abroad of welded link chain of iron or steel increased by 196% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 2,922% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, metal welded link chain exports surged to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 949%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for metal welded link chain exports from Thailand, with a 80% share of total exports. Moreover, metal welded link chain exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +3,249.3%.

In value terms, the United States ($X) remains the key foreign market for welded link chain of iron or steel exports from Thailand, comprising 75% of total exports. The second position in the ranking was held by South Korea ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +3,302.2%.

Export Prices by Country

The average metal welded link chain export price stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the export price, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 262%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+16.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Welded Link Chain Of Iron Or Steel

Imports into Thailand

In 2021, the amount of welded link chain of iron or steel imported into Thailand soared to X tons, growing by 17% on the year before. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 42% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, metal welded link chain imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of metal welded link chain to Thailand, with a 92% share of total imports. Moreover, metal welded link chain imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.9%.

In value terms, China ($X) constituted the largest supplier of welded link chain of iron or steel to Thailand, comprising 68% of total imports. The second position in the ranking was taken by Japan ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +10.6%.

Import Prices by Country

The average metal welded link chain import price stood at $X per ton in 2021, picking up by 9.4% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 an increase of 35%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Japan ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.2%).

Source: IndexBox Platform

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