Eastern Europe: Market for Iron Or Steel Parts Of Articulated Link Chain 2025

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Eastern Europe

The East European metal link chain parts market was finally on the rise to reach $X in 2021, after six years of decline. In general, consumption, however, recorded a slight decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Iron Or Steel Parts Of Articulated Link Chain in Eastern Europe

In value terms, metal link chain parts production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 16%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in Eastern Europe

In 2021, after two years of decline, there was significant growth in shipments abroad of iron or steel parts of articulated link chain, when their volume increased by 12% to X tons. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -19.0% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 29% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain parts exports soared to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 33%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Poland represented the main exporter of iron or steel parts of articulated link chain in Eastern Europe, with the volume of exports amounting to X tons, which was approx. 68% of total exports in 2021. The Czech Republic (X tons) ranks second in terms of the total exports with a 14% share, followed by Russia (6.6%) and Slovakia (5.4%). Lithuania (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal link chain parts exports from Poland stood at +10.9%. At the same time, Slovakia (+21.6%) and Lithuania (+13.1%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +21.6% from 2012-2021. By contrast, the Czech Republic (-3.0%) and Russia (-9.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland and Slovakia increased by +31 and +4.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal link chain parts supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($X), together accounting for 86% of total exports. Lithuania and Slovakia lagged somewhat behind, together accounting for a further 5.5%.

Lithuania, with a CAGR of +24.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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, rising by 8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2014 when the export price increased by 30% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+10.2%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in Eastern Europe

In 2021, approx. X tons of iron or steel parts of articulated link chain were imported in Eastern Europe; rising by 43% on the previous year. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +116.6% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain parts imports skyrocketed to $X in 2021. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 54%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Romania (X tons) and Russia (X tons) were the key importers of iron or steel parts of articulated link chain in 2021, accounting for near 34% and 25% of total imports, respectively. The Czech Republic (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Poland (11%). The following importers - Slovakia (X tons), Ukraine (X tons) and Hungary (X tons) - together made up 10% of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain parts importing markets in Eastern Europe were Romania ($X), the Czech Republic ($X) and Poland ($X), with a combined 71% share of total imports. These countries were followed by Russia, Hungary, Slovakia and Ukraine, which together accounted for a further 25%.

In terms of the main importing countries, Slovakia, with a CAGR of +24.9%, 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

In 2021, the import price in Eastern Europe amounted to $X per ton, with a decrease of -6.5% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain parts import price decreased by -8.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 64% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, 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 Slovakia (+18.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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