Denmark: Metal Link Chain Market 2024

Metal Link Chain Market Size in Denmark

In 2021, the Danish metal link chain market decreased by -79.4% to $X, falling for the eighth consecutive year after two years of growth. Overall, consumption showed a significant contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Metal Link Chain Production in Denmark

In value terms, metal link chain production fell significantly to $X in 2021 estimated in export price. In general, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 235% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Metal Link Chain Exports

Exports from Denmark

In 2021, the amount of iron or steel articulated link chain exported from Denmark soared to X tons, with an increase of 73% compared with 2020 figures. In general, exports, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 134% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2013 when exports increased by 195% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons), Norway (X tons) and Germany (X tons) were the main destinations of metal link chain exports from Denmark, together comprising 55% of total exports. These countries were followed by the Czech Republic, Israel, the United States, the Netherlands, Spain, France, China, the UK and Australia, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +168.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Sweden ($X) and the United States ($X) appeared to be the largest markets for metal link chain exported from Denmark worldwide, with a combined 45% share of total exports. These countries were followed by Germany, Norway, Israel, China, the Netherlands, France, the UK, Australia and Spain, which together accounted for a further 44%.

In terms of the main countries of destination, Australia, with a CAGR of +172.9%, recorded the highest rates of growth with regard to 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

The average metal link chain export price stood at $X per ton in 2021, jumping by 34% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain export price increased by +47.4% against 2019 indices. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Norway ($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 UK (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Denmark

For the sixth consecutive year, Denmark recorded decline in purchases abroad of iron or steel articulated link chain, which decreased by -4.8% to X tons in 2021. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 86%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal link chain imports surged to $X in 2021. Over the period under review, imports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2015 with an increase of 21% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of metal link chain imports to Denmark, with a combined 87% share of total imports. These countries were followed by Belgium and the UK, which together accounted for a further 5.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +30.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain suppliers to Denmark were Italy ($X), Germany ($X) and China ($X), together comprising 80% of total imports. These countries were followed by Belgium and the UK, which together accounted for a further 7.6%.

Among the main suppliers, Belgium, with a CAGR of +29.0%, recorded 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 import price stood at $X per ton in 2021, with an increase of 24% against the previous year. In general, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain import price increased by +77.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 43% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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