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

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

In 2021, the Czech metal welded link chain market decreased by -47.9% to $X, falling for the second consecutive year after six years of growth. Over the period under review, consumption continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the market value increased by 5.9% against the previous year. Metal welded link chain consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Welded Link Chain Of Iron Or Steel in the Czech Republic

In value terms, metal welded link chain production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild contraction. The growth pace was the most rapid in 2016 when the production volume increased by 15% against the previous year. Metal welded link chain production peaked 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 from the Czech Republic

In 2021, overseas shipments of welded link chain of iron or steel increased by 28% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal welded link chain exports surged to $X in 2021. In general, total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for metal welded link chain exports from the Czech Republic, accounting for a 28% share of total exports. Moreover, metal welded link chain exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-6.1% per year) and Austria (+5.7% per year).

In value terms, Germany ($X) remains the key foreign market for welded link chain of iron or steel exports from the Czech Republic, comprising 27% of total exports. The second position in the ranking was taken by Austria ($X), with a 10% share of total exports. It was followed by the United States, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+9.5% per year) and the United States (+19.2% per year).

Export Prices by Country

The average metal welded link chain export price stood at $X per ton in 2021, rising by 6.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices attained 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 France ($X per ton), while the average price for exports to Poland ($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 United States (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports into the Czech Republic

After two years of decline, purchases abroad of welded link chain of iron or steel increased by 11% to X tons in 2021. Overall, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.4% 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 -27.7% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 41%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, metal welded link chain imports soared to $X in 2021. In general, imports enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2018 when imports increased by 61%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Austria (X tons), China (X tons) and Italy (X tons) were the main suppliers of metal welded link chain imports to the Czech Republic, with a combined 62% share of total imports. These countries were followed by France, Germany, Ukraine, Turkey, Slovakia and Poland, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +141.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal welded link chain suppliers to the Czech Republic were Austria ($X), Italy ($X) and France ($X), together comprising 66% of total imports.

In terms of the main suppliers, France, with a CAGR of +139.7%, 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

In 2021, the average metal welded link chain import price amounted to $X per ton, rising by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 14%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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