Belgium: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Belgium

The Belgian metal link chain parts market was finally on the rise to reach $X in 2021, after seven years of decline. Over the period under review, consumption, however, saw a deep contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Belgium

In value terms, metal link chain parts production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Belgium

In 2021, overseas shipments of iron or steel parts of articulated link chain decreased by -42.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a perceptible decrease. The growth pace was the most rapid in 2017 with an increase of 340%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, metal link chain parts exports contracted to $X in 2021. In general, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 162% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then dropped in the following year.

Exports by Country

France (X tons), Cote d'Ivoire (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of metal link chain parts exports from Belgium, together comprising 59% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +159.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal link chain parts exported from Belgium were Cote d'Ivoire ($X), France ($X) and Germany ($X), together comprising 42% of total exports.

Cote d'Ivoire, with a CAGR of +146.3%, recorded 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

The average metal link chain parts export price stood at $X per ton in 2021, growing by 53% against the previous year. Overall, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of 292%. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 the Netherlands (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Belgium

After three years of growth, purchases abroad of iron or steel parts of articulated link chain decreased by -38.7% to X tons in 2021. Over the period under review, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2016 when imports increased by 131%. Over the period under review, imports attained the peak figure at X tons in 2020, and then contracted rapidly in the following year.

In value terms, metal link chain parts imports contracted remarkably to $X in 2021. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 165%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and China (X tons) were the main suppliers of metal link chain parts imports to Belgium, with a combined 65% share of total imports. These countries were followed by France, India, Bulgaria, Italy and the United States, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +155.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and China ($X) constituted the largest metal link chain parts suppliers to Belgium, together comprising 63% of total imports. These countries were followed by Bulgaria, France, India, the United States and Italy, which together accounted for a further 23%.

In terms of the main suppliers, Bulgaria, with a CAGR of +160.1%, saw the highest growth rate of 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

The average metal link chain parts import price stood at $X per ton in 2021, picking up by 34% against the previous year. Over the period under review, the import price recorded a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 84% against the previous year. The import price peaked 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, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for China ($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 (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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