Asia: Metal Skid Chain Market 2024

Metal Skid Chain Market Size in Asia

For the seventh consecutive year, the Asian metal skid chain market recorded decline in sales value, which decreased by X% to $X in 2023. Over the period under review, consumption, however, continues to indicate a abrupt slump. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Metal Skid Chain Production in Asia

In value terms, metal skid chain production reduced modestly to $X in 2023 estimated in export price. Overall, production recorded a perceptible decline. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Metal Skid Chain Exports

Exports in Asia

In 2023, after two years of growth, there was significant decline in overseas shipments of iron or steel skid chain, when their volume decreased by X% to X tons. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, metal skid chain exports shrank markedly to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. X% of total exports in 2023. The United Arab Emirates (X tons) took a relatively small share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest metal skid chain supplier in Asia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in China totaled X%.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then reduced in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Metal Skid Chain Imports

Imports in Asia

In 2023, supplies from abroad of iron or steel skid chain increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, metal skid chain imports stood at $X in 2023. In general, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Japan was the largest importer of iron or steel skid chain in Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Kazakhstan (X tons) and Iraq (X tons), together committing a X% share of total imports. Uzbekistan (X tons), South Korea (X tons), Singapore (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Imports into Japan decreased at an average annual rate of X% from 2012 to 2023. At the same time, Iraq (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. Kazakhstan experienced a relatively flat trend pattern. By contrast, South Korea (X%), Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. Japan (X p.p.), Iraq (X p.p.), Kazakhstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported iron or steel skid chain in Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, 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%. The level of import peaked at $X per ton in 2022, and then declined in the following year.

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

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

Source: IndexBox Platform