Austria: Metal Link Chain Market 2024

Metal Link Chain Market Size in Austria

For the fourth consecutive year, the Austrian metal link chain market recorded decline in sales value, which decreased by -18.3% to $X in 2021. Overall, consumption recorded a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Metal Link Chain Production in Austria

In value terms, metal link chain production declined to $X in 2021 estimated in export price. In general, production recorded a pronounced decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by 108% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Metal Link Chain Exports

Exports from Austria

In 2021, the amount of iron or steel articulated link chain exported from Austria soared to X tons, rising by 38% against the previous year. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for metal link chain exports from Austria, with a 64% share of total exports. Moreover, metal link chain exports to Germany exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+22.8% per year) and Italy (+0.6% per year).

In value terms, Germany ($X) remains the key foreign market for iron or steel articulated link chain exports from Austria, comprising 50% of total exports. The second position in the ranking was held by Mexico ($X), with a 16% share of total exports. It was followed by Switzerland, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+13.0% per year) and Switzerland (+12.2% per year).

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 9.7%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Austria

Metal link chain imports into Austria skyrocketed to X tons in 2021, with an increase of 25% on 2020. Over the period under review, imports, however, showed a mild shrinkage. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal link chain imports skyrocketed to $X in 2021. In general, imports, however, showed a mild setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Mexico (X tons), Italy (X tons) and Finland (X tons) were the main suppliers of metal link chain imports to Austria, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +158.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Mexico ($X) and the Czech Republic ($X) were the largest metal link chain suppliers to Austria, together accounting for 73% of total imports.

Mexico, with a CAGR of +152.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, growing by 4.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 26% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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