Belgium: Metal Chain Market 2024

Metal Chain Market Size in Belgium

In 2022, the Belgian metal chain market increased by 9% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Metal chain consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metal Chain Production in Belgium

In value terms, metal chain production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 27% against the previous year. Metal chain production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Metal Chain Exports

Exports from Belgium

In 2022, approx. X tons of iron or steel chain were exported from Belgium; which is down by -12.9% on the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal chain exports surged to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Denmark (X tons) and Norway (X tons) were the main destinations of metal chain exports from Belgium, with a combined 40% share of total exports. Spain, Germany, France, Turkey, Poland, the Czech Republic, Estonia, the United Arab Emirates, Lithuania and Portugal lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +58.3%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the UK ($X) and Germany ($X) constituted the largest markets for metal chain exported from Belgium worldwide, with a combined 44% share of total exports. France, Spain, Norway, Poland, Turkey, the United Arab Emirates, the Czech Republic, Portugal, Estonia and Lithuania lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, Estonia, with a CAGR of +44.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, surging by 32% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Imports

Imports into Belgium

In 2022, overseas purchases of iron or steel chain increased by 1.8% to X tons, rising for the fifth consecutive year after four years of decline. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 13%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal chain imports expanded sharply to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Japan (X tons) and France (X tons) were the main suppliers of metal chain imports to Belgium, with a combined 58% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +619.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal chain suppliers to Belgium were Indonesia ($X), Japan ($X) and Sweden ($X), together comprising 55% of total imports.

Among the main suppliers, Indonesia, with a CAGR of +589.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal chain import price amounted to $X per ton, surging by 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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