Eastern Europe: Metal Link Chain Market 2024

Metal Link Chain Market Size in Eastern Europe

The East European metal link chain market was estimated at $X in 2021, increasing by 8.2% against the previous year. Over the period under review, consumption, however, saw a deep setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Metal Link Chain Production in Eastern Europe

In value terms, metal link chain production expanded notably to $X in 2021 estimated in export price. In general, production showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Metal Link Chain Exports

Exports in Eastern Europe

In 2021, overseas shipments of iron or steel articulated link chain increased by 13% 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 +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 22% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports surged to $X in 2021. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) and the Czech Republic (X tons) prevails in exports structure, together constituting 78% of total exports. Latvia (X tons) held a 6.2% share (based on physical terms) of total exports, which put it in second place, followed by Russia (6.1%). The following exporters - Belarus (X tons), Lithuania (X tons) and Ukraine (X tons) - together made up 7.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +17.1%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Latvia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 84% share of total exports.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +31.5%, recorded the highest growth rate of 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

In 2021, the export price in Eastern Europe amounted to $X per ton, increasing by 5.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +6.8%. The pace of growth appeared the most rapid in 2013 when the export price increased by 25% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+17.8%), while the other leaders experienced more modest paces of growth.

Metal Link Chain Imports

Imports in Eastern Europe

In 2021, after two years of decline, there was significant growth in supplies from abroad of iron or steel articulated link chain, when their volume increased by 80% to X tons. Over the period under review, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia prevails in imports structure, accounting for X tons, which was near 71% of total imports in 2021. It was distantly followed by Poland (X tons), achieving a 9.5% share of total imports. The Czech Republic (X tons), Belarus (X tons), Slovakia (X tons), Romania (X tons) and Hungary (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the iron or steel articulated link chain imports, with a CAGR of +26.0% from 2012 to 2021. At the same time, Belarus (+9.6%), Poland (+4.3%), Slovakia (+4.0%) and Romania (+2.6%) displayed positive paces of growth. The Czech Republic experienced a relatively flat trend pattern. By contrast, Hungary (-10.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia increased by +46 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported iron or steel articulated link chain in Eastern Europe, comprising 45% of total imports. The second position in the ranking was taken by Poland ($X), with a 16% share of total imports. It was followed by the Czech Republic, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +18.2%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+9.2% per year) and the Czech Republic (+6.5% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, shrinking by -8.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 13%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+13.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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