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

Market Size for Iron Or Steel Parts Of Articulated Link Chain in the Czech Republic

The Czech metal link chain parts market surged to $X in 2021, rising by 21% 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). In general, consumption posted a modest increase. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from the Czech Republic

In 2021, shipments abroad of iron or steel parts of articulated link chain was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of 85% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal link chain parts exports soared to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 73% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for metal link chain parts exports from the Czech Republic, with a 48% share of total exports. Moreover, metal link chain parts exports to Germany exceeded the volume sent to the second major destination, Turkey (X tons), sixfold. The third position in this ranking was held by Switzerland (X tons), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+56.4% per year) and Switzerland (+36.4% per year).

In value terms, Germany ($X) remains the key foreign market for iron or steel parts of articulated link chain exports from the Czech Republic, comprising 45% of total exports. The second position in the ranking was held by Italy ($X), with an 8% share of total exports. It was followed by Slovakia, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+7.4% per year) and Slovakia (+2.6% per year).

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 58%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 Germany (+12.5%), 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 the Czech Republic

In 2021, purchases abroad of iron or steel parts of articulated link chain was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.6% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 46%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal link chain parts imports rose notably to $X in 2021. Over the period under review, imports showed strong growth. The growth pace was the most rapid in 2018 when imports increased by 46%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons), Germany (X tons) and China (X tons) were the main suppliers of metal link chain parts imports to the Czech Republic, together comprising 78% of total imports. These countries were followed by India, the Netherlands, Switzerland, Austria, Turkey, Italy and Taiwan (Chinese), which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +99.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and Switzerland ($X) constituted the largest metal link chain parts suppliers to the Czech Republic, together comprising 78% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +59.2%, saw 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

The average metal link chain parts import price stood at $X per ton in 2021, with a decrease of -6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.2%. The most prominent rate of growth was recorded in 2014 an increase of 31%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then declined in the following year.

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 Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+55.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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