Price for Chain; Articulated Link, Roller, of Iron or Steel in Malaysia - 2023
Contents:
- Price for Chain; Articulated Link, Roller, of Iron or Steel in Malaysia (FOB) - 2023
- Price for Chain; Articulated Link, Roller, of Iron or Steel in Malaysia (CIF) - 2023
- Exports of Chain; Articulated Link, Roller, of Iron or Steel in Malaysia
- Imports of Chain; Articulated Link, Roller, of Iron or Steel in Malaysia
Price for Chain; Articulated Link, Roller, of Iron or Steel in Malaysia (FOB) - 2023
The average export price for chain; articulated link, roller, of iron or steel stood at $3,582 per ton in October 2023, shrinking by -9.3% against the previous month. Over the period under review, the export price saw a slight reduction. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 13% month-to-month. Over the period under review, the average export prices reached the maximum at $4,410 per ton in August 2023; however, from September 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($10,554 per ton), while the average price for exports to India ($1,701 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chain; Articulated Link, Roller, of Iron or Steel in Malaysia (CIF) - 2023
The average import price for chain; articulated link, roller, of iron or steel stood at $3,380 per ton in October 2023, surging by 3.3% against the previous month. In general, the import price, however, saw a noticeable decline. The pace of growth was the most pronounced in February 2023 when the average import price increased by 19% against the previous month. The import price peaked at $4,297 per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was India ($12,243 per ton), while the price for South Africa ($1,984 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Singapore (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Chain; Articulated Link, Roller, of Iron or Steel in Malaysia
In 2022, approx. 10K tons of chain; articulated link, roller, of iron or steel were exported from Malaysia; falling by -9.1% compared with the year before. Overall, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of 11K tons, and then shrank in the following year.
In value terms, exports of chain; articulated link, roller, of iron or steel expanded slightly to $41M in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Chain; Articulated Link, Roller, of Iron or Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 13.3 | 9.1 | 10.3 | 12.0 | -3.4% |
| Thailand | 7.4 | 5.2 | 8.2 | 8.6 | 5.1% |
| Vietnam | 4.1 | 4.0 | 5.2 | 6.0 | 13.5% |
| Philippines | 1.9 | 1.5 | 2.0 | 2.4 | 8.1% |
| China | 0.8 | 2.5 | 3.0 | 2.2 | 40.1% |
| Singapore | 1.6 | 1.9 | 2.3 | 1.8 | 4.0% |
| United States | 1.5 | 1.9 | 1.3 | 1.2 | -7.2% |
| India | 1.7 | 1.5 | 1.8 | 1.1 | -13.5% |
| Pakistan | 0.6 | 0.7 | 0.7 | 0.5 | -5.9% |
| Others | 3.7 | 3.8 | 5.7 | 5.7 | 15.5% |
| Total | 36.8 | 32.1 | 40.5 | 41.4 | 4.0% |
Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Malaysia in 2022:
- Indonesia (3.3K tons)
- Thailand (2.2K tons)
- Vietnam (1.5K tons)
- Philippines (0.8K tons)
- China (0.4K tons)
- United States (0.3K tons)
- Pakistan (0.2K tons)
- Singapore (0.2K tons)
- India (0.2K tons)
Imports of Chain; Articulated Link, Roller, of Iron or Steel in Malaysia
In 2022, imports of chain; articulated link, roller, of iron or steel into Malaysia fell notably to 8.3K tons, shrinking by -37.8% against 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 63%. As a result, imports reached the peak of 13K tons, and then fell notably in the following year.
In value terms, imports of chain; articulated link, roller, of iron or steel fell rapidly to $30M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of $41M, and then dropped rapidly in the following year.
| Import of Chain; Articulated Link, Roller, of Iron or Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.2 | 15.2 | 28.7 | 19.0 | 10.2% |
| Japan | 3.7 | 2.6 | 3.4 | 3.0 | -6.8% |
| South Africa | 1.3 | 2.0 | 3.0 | 1.8 | 11.5% |
| India | 0.9 | 1.0 | 1.4 | 1.3 | 13.0% |
| Thailand | 0.6 | 0.3 | 0.6 | 1.0 | 18.6% |
| Others | 3.9 | 4.1 | 4.3 | 3.6 | -2.6% |
| Total | 24.5 | 25.2 | 41.4 | 29.8 | 6.7% |
Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Malaysia in 2022:
- China (6.4K tons)
- South Africa (0.7K tons)
- Japan (0.4K tons)
- Thailand (0.2K tons)
- India (0.1K tons)
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