Asia-Pacific: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in Asia-Pacific

In 2023, the Asia-Pacific metal stud-link chain market decreased by X% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Metal Stud-Link Chain Production in Asia-Pacific

In value terms, metal stud-link chain production rose modestly to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Metal Stud-Link Chain Exports

Exports in Asia-Pacific

In 2023, overseas shipments of iron/steel stud-link chain increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, metal stud-link chain exports dropped modestly to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from China (X tons), together finishing at X% of total export.

China experienced a relatively flat trend pattern with regard to volume of exports of iron/steel stud-link chain. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest metal stud-link chain supplier in Asia-Pacific.

From 2012 to 2023, the average annual rate of growth in terms of value in China was relatively modest.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, reducing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Metal Stud-Link Chain Imports

Imports in Asia-Pacific

Metal stud-link chain imports fell to X tons in 2023, declining by X% against the previous year. In general, imports showed a slight reduction. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports failed to regain momentum.

In value terms, metal stud-link chain imports contracted dramatically to $X in 2023. Overall, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Japan (X tons) represented the key importer of iron/steel stud-link chain, comprising X% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Singapore (X%), Vietnam (X%) and South Korea (X%). India (X tons), Australia (X tons), Bangladesh (X tons), Marshall Islands (X tons), Taiwan (Chinese) (X tons), China (X tons), the Philippines (X tons) and Thailand (X tons) took a minor share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of iron/steel stud-link chain. At the same time, Marshall Islands (X%), South Korea (X%), Thailand (X%), India (X%), Bangladesh (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, the Philippines (X%), Indonesia (X%), China (X%), Singapore (X%), Taiwan (Chinese) (X%) and Australia (X%) illustrated a downward trend over the same period. South Korea (X p.p.), India (X p.p.), Vietnam (X p.p.) and Marshall Islands (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Australia and Singapore saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported iron/steel stud-link chain in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

In Japan, metal stud-link chain imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, waning by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform