CIS: Market for Welded Link Chain Of Iron Or Steel 2025

Market Size for Welded Link Chain Of Iron Or Steel in CIS

In 2021, the CIS metal welded link chain market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Welded Link Chain Of Iron Or Steel in CIS

In value terms, metal welded link chain production fell modestly to $X in 2021 estimated in export price. In general, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 19% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Welded Link Chain Of Iron Or Steel

Exports in CIS

Metal welded link chain exports skyrocketed to X tons in 2021, growing by 27% on the year before. In general, exports continue to indicate a strong increase. The growth pace was the most rapid in 2018 when exports increased by 44%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, metal welded link chain exports skyrocketed to $X in 2021. Overall, exports saw notable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia dominates exports structure, finishing at X tons, which was near 94% of total exports in 2021. It was distantly followed by Belarus (X tons), making up a 6.1% share of total exports.

Exports from Russia increased at an average annual rate of +5.1% from 2012 to 2021. At the same time, Belarus (+15.5%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +15.5% from 2012-2021. While the share of Belarus (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-2.8 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest metal welded link chain supplier in the CIS, comprising 90% of total exports. The second position in the ranking was held by Belarus ($X), with a 9.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +2.2%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, with an increase of 23% against the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-0.1%).

Imports of Welded Link Chain Of Iron Or Steel

Imports in CIS

In 2021, metal welded link chain imports in the CIS soared to X tons, increasing by 19% compared with the previous year's figure. Total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 34%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal welded link chain imports surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the major importer of welded link chain of iron or steel in the CIS, with the volume of imports resulting at X tons, which was near 81% of total imports in 2021. Belarus (X tons) held the second position in the ranking, followed by Kazakhstan (X tons). All these countries together held near 17% share of total imports.

Imports into Russia increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, Kazakhstan (+5.1%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +5.1% from 2012-2021. Belarus experienced a relatively flat trend pattern. From 2012 to 2021, the share of Kazakhstan increased by +1.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported welded link chain of iron or steel in the CIS, comprising 77% of total imports. The second position in the ranking was held by Belarus ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+1.0% per year) and Kazakhstan (+5.0% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, rising by 23% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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