Chain Scoops And Sliders Market

The article discusses the global market for chain scoops, sliders, runners, end pieces, and narrow strips, forecasting an upward trend in both volume and value terms. The market performance is projected to decelerate with an anticipated CAGR of +4.0% in volume and +5.8% in value from 2022 to 2030. Consumption, production, imports, exports, and key countries' performances are analyzed, highlighting fluctuations and growth patterns over the years. Key insights include the highest consuming countries in 2022, trends in chain scoops and sliders per capita consumption, production volumes, import and export trends, and average prices. Key exporting countries such as China and Indonesia show positive growth rates, while the US leads in market value. The article provides a comprehensive overview of the global market for chain scoops, sliders, runners, end pieces, and narrow strips.

Market Forecast

Driven by increasing demand for chain scoops, sliders, runners, end pieces and narrow strips worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.0% for the period from 2022 to 2030, which is projected to bring the market volume to 459K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.8% for the period from 2022 to 2030, which is projected to bring the market value to $7.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

In 2022, global consumption of chain scoops, sliders, runners, end pieces and narrow strips fell slightly to 336K tons, with a decrease of -4.3% on 2021 figures. Overall, the total consumption indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.8% against 2020 indices. Global consumption peaked at 372K tons in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

The global chain scoops and sliders market size contracted to $4.6B in 2022, waning by -4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.2% against 2020 indices. Over the period under review, the global market reached the maximum level at $5.2B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (59K tons), the United States (42K tons) and India (36K tons), with a combined 41% share of global consumption. Turkey, Japan, Brazil, Bangladesh, Indonesia, France, Germany, the UK, South Korea and Spain lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +13.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.1B) led the market, alone. The second position in the ranking was taken by India ($408M). It was followed by China.

In the United States, the chain scoops and sliders market expanded at an average annual rate of +11.1% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: India (+7.3% per year) and China (+4.6% per year).

In 2022, the highest levels of chain scoops and sliders per capita consumption was registered in Turkey (325 kg per 1000 persons), followed by Spain (139 kg per 1000 persons), France (139 kg per 1000 persons) and South Korea (138 kg per 1000 persons), while the world average per capita consumption of chain scoops and sliders was estimated at 42 kg per 1000 persons.

In Turkey, chain scoops and sliders per capita consumption increased at an average annual rate of +7.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+2.8% per year) and France (+2.7% per year).

Production

World Production of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

In 2022, the amount of chain scoops, sliders, runners, end pieces and narrow strips produced worldwide shrank slightly to 325K tons, declining by -2.9% on 2021 figures. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.1% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 18%. Global production peaked at 354K tons in 2019; however, from 2020 to 2022, production remained at a lower figure.

In value terms, chain scoops and sliders production shrank modestly to $4.5B in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. Over the period under review, global production hit record highs at $4.9B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

China (118K tons) constituted the country with the largest volume of chain scoops and sliders production, accounting for 36% of total volume. Moreover, chain scoops and sliders production in China exceeded the figures recorded by the second-largest producer, the United States (40K tons), threefold. India (30K tons) ranked third in terms of total production with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +5.9%. In the other countries, the average annual rates were as follows: the United States (+8.7% per year) and India (+7.0% per year).

Imports

World Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

In 2022, global imports of chain scoops, sliders, runners, end pieces and narrow strips reached 123K tons, almost unchanged from 2021 figures. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 33%. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, chain scoops and sliders imports declined to $1.1B in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of $1.1B, and then shrank modestly in the following year.

Imports By Country

In 2022, Turkey (23K tons), distantly followed by Bangladesh (12K tons), Vietnam (6.7K tons), India (6.7K tons), Mexico (6.5K tons) and Indonesia (5.8K tons) were the main importers of chain scoops, sliders, runners, end pieces and narrow strips, together comprising 49% of total imports. China (5.1K tons), Brazil (3.6K tons), the United States (2.9K tons), Russia (2.7K tons), Poland (2.6K tons), Cambodia (2.6K tons) and South Korea (2.4K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +53.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Vietnam ($106M), Bangladesh ($102M) and China ($90M) appeared to be the countries with the highest levels of imports in 2022, with a combined 27% share of global imports. Turkey, Mexico, Indonesia, India, Cambodia, South Korea, the United States, Brazil, Poland and Russia lagged somewhat behind, together accounting for a further 31%.

Cambodia, with a CAGR of +45.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average chain scoops and sliders import price amounted to $9,132 per ton, shrinking by -3.5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 9.2%. Over the period under review, average import prices attained the peak figure at $10,214 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($17,771 per ton), while Turkey ($3,551 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Global chain scoops and sliders exports expanded remarkably to 111K tons in 2022, growing by 6.6% against 2021. The total export volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, chain scoops and sliders exports expanded notably to $1.2B in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. Over the period under review, the global exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports By Country

China was the main exporting country with an export of about 64K tons, which resulted at 57% of total exports. It was distantly followed by Indonesia (15K tons), Japan (8.8K tons) and Taiwan (Chinese) (6.1K tons), together creating a 27% share of total exports. The following exporters - Italy (2.1K tons) and Vietnam (1.8K tons) - each accounted for a 3.6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to chain scoops and sliders exports from China stood at +6.4%. At the same time, Vietnam (+27.2%), Indonesia (+6.0%), Japan (+2.6%) and Italy (+2.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.2% from 2012-2022. By contrast, Taiwan (Chinese) (-2.4%) illustrated a downward trend over the same period. While the share of China (+11 p.p.) and Indonesia (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Taiwan (Chinese) (-5.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($456M) remains the largest chain scoops and sliders supplier worldwide, comprising 39% of global exports. The second position in the ranking was taken by Japan ($169M), with a 14% share of global exports. It was followed by Indonesia, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +9.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-2.9% per year) and Indonesia (+5.8% per year).

Export Prices By Country

The average chain scoops and sliders export price stood at $10,550 per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 8.8%. Over the period under review, the average export prices hit record highs at $11,811 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($30,543 per ton), while Indonesia ($6,813 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform