![China - Iron Or Steel Chain - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/china-iron-or-steel-chain-market-analysis-forecast-size-trends-and-insights.webp)
China - Iron Or Steel Chain - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingExport of Metal Chain in China Plummets to $7.9M in February 2023
China Metal Chain Exports
In February 2023, exports of iron or steel chain from China fell remarkably to 1.6K tons, declining by -51.5% against January 2023. Over the period under review, exports continue to indicate a slight shrinkage. The pace of growth was the most pronounced in June 2022 when exports increased by 36% month-to-month. As a result, the exports reached the peak of 3.9K tons. From July 2022 to February 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, metal chain exports shrank dramatically to $7.9M (IndexBox estimates) in February 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when exports increased by 43% month-to-month.
COUNTRY | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Export Value Metal Chain in China (million USD) | |||||||||||||
United States | 1.3 | 2.3 | 1.4 | 1.5 | 2.2 | 2.6 | 1.6 | 1.8 | 1.5 | 1.9 | 2.3 | 2.1 | 1.4 |
Germany | 0.3 | 0.6 | 0.8 | 0.6 | 1.0 | 0.7 | 1.1 | 0.8 | 0.5 | 0.9 | 0.8 | 0.9 | 0.7 |
Singapore | 0.1 | 0.2 | 0.4 | 0.3 | 0.3 | 0.4 | 0.9 | 1.1 | 0.8 | 0.9 | 0.6 | 0.5 | 0.6 |
Canada | 0.8 | 0.4 | 0.7 | 0.4 | 0.8 | 1.3 | 0.6 | 1.3 | 1.4 | 1.5 | 1.0 | 0.9 | 0.4 |
Russia | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.3 | 0.4 | 0.4 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 |
United Kingdom | 0.2 | 0.1 | 0.3 | 0.4 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.4 | 0.3 |
South Africa | 0.1 | N/A | N/A | 0.1 | N/A | N/A | N/A | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 |
Thailand | 0.2 | 0.4 | 0.6 | 0.4 | 0.6 | 0.7 | 0.6 | 0.6 | 0.3 | 0.4 | 0.4 | 0.7 | 0.3 |
Indonesia | 0.2 | 0.2 | 0.3 | 0.4 | 0.2 | 0.3 | 0.3 | 0.5 | 0.5 | 0.4 | 0.5 | 0.3 | 0.3 |
Vietnam | 0.2 | 0.6 | 0.7 | 0.6 | 1.0 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 1.1 | 0.3 | 0.3 |
Slovakia | 0.2 | 0.2 | 0.4 | 0.3 | 0.1 | 0.7 | 0.2 | 0.1 | 0.3 | 0.2 | 0.2 | N/A | 0.3 |
India | 0.2 | 0.3 | 0.3 | 0.5 | 0.7 | 0.4 | 0.7 | 0.5 | 0.3 | 0.4 | 0.5 | 0.5 | 0.2 |
Egypt | N/A | N/A | N/A | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | N/A | 0.2 | N/A | 0.1 | 0.1 |
Others | 20.2 | 24.5 | 20.8 | 23.9 | 30.5 | 25.5 | 22.7 | 24.2 | 26.2 | 26.3 | 25.1 | 14.8 | 5.0 |
Total | 24.1 | 30.0 | 26.6 | 29.7 | 38.0 | 33.8 | 30.0 | 32.4 | 32.8 | 34.1 | 33.1 | 21.9 | 10.6 |
Exports by Country
The United States (403 tons) was the main destination for metal chain exports from China, with a 25% share of total exports. Moreover, metal chain exports to the United States exceeded the volume sent to the second major destination, Germany (141 tons), threefold. The third position in this ranking was taken by Indonesia (111 tons), with a 6.8% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+2.6% per month) and Indonesia (+5.5% per month).
In value terms, the United States ($1.4M), Germany ($705K) and Singapore ($600K) were the largest markets for metal chain exported from China worldwide, together comprising 34% of total exports. These countries were followed by Russia, Canada, Indonesia, the UK, Vietnam, Slovakia, Thailand, South Africa, India and Egypt, which together accounted for a further 37%.
Egypt, with a CAGR of +47.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In February 2023, the metal chain price amounted to $4,846 per ton (FOB, China), with an increase of 13% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in December 2022 an increase of 14% m-o-m. As a result, the export price attained the peak level of $5,173 per ton. From January 2023 to February 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($9,546 per ton), while the average price for exports to Egypt ($2,785 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the metal chain market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931750 - Iron or steel chain excluding articulated link chain, skid chain, s tud-link and welded link chain - chain saws, or other articles in which chains play a subsidiary role, surveying chains
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023