Eastern Asia: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in Eastern Asia

In 2023, the East Asian metal stud-link chain market decreased by X% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, saw a modest expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Metal Stud-Link Chain Production in Eastern Asia

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

Metal Stud-Link Chain Exports

Exports in Eastern Asia

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 recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, metal stud-link chain exports dropped modestly to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) represented roughly X% of total exports in 2023.

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 Eastern Asia.

In China, metal stud-link chain exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then fell 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 Eastern Asia

In 2023, the amount of iron/steel stud-link chain imported in Eastern Asia dropped modestly to X tons, shrinking by X% compared with the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, metal stud-link chain imports shrank to $X in 2023. Over the period under review, imports showed a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Japan represented the key importer of iron/steel stud-link chain in Eastern Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. South Korea (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together took near X% share of total imports. China (X tons) held 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, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, China (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while China and Taiwan (Chinese) saw its share reduced by 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 ($X) constitutes the largest market for imported iron/steel stud-link chain in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by South Korea, 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: China (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a slight reduction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform