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

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

In 2021, the East European metal welded link chain market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Welded Link Chain Of Iron Or Steel in Eastern Europe

In value terms, metal welded link chain production totaled $X in 2021 estimated in export price. In general, production, however, showed a deep contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by 12% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Welded Link Chain Of Iron Or Steel

Exports in Eastern Europe

In 2021, shipments abroad of welded link chain of iron or steel was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 skyrocketed to $X in 2021. Total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Czech Republic (X tons) represented the main exporter of welded link chain of iron or steel, making up 56% of total exports. Poland (X tons) took the second position in the ranking, distantly followed by Russia (X tons) and Ukraine (X tons). All these countries together held approx. 37% share of total exports. Hungary (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal welded link chain exports from the Czech Republic stood at +1.5%. At the same time, Poland (+27.2%), Hungary (+6.8%) and Russia (+5.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +27.2% from 2012-2021. Lithuania experienced a relatively flat trend pattern. By contrast, Ukraine (-14.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland and Russia increased by +16 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest metal welded link chain supplier in Eastern Europe, comprising 60% of total exports. The second position in the ranking was held by Poland ($X), with a 22% share of total exports. It was followed by Russia, with a 7.6% share.

In the Czech Republic, metal welded link chain exports expanded at an average annual rate of +2.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+31.0% per year) and Russia (+2.2% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, increasing by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+5.2%), while the other leaders experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports in Eastern Europe

In 2021, approx. X tons of welded link chain of iron or steel were imported in Eastern Europe; with an increase of 12% on the year before. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 20% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal welded link chain imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Russia represented the largest importing country with an import of around X tons, which resulted at 44% of total imports. It was distantly followed by Poland (X tons), the Czech Republic (X tons), Ukraine (X tons), Belarus (X tons) and Lithuania (X tons), together constituting a 42% share of total imports. Hungary (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal welded link chain imports into Russia stood at +1.1%. At the same time, Hungary (+11.2%), the Czech Republic (+3.4%) and Poland (+2.9%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +11.2% from 2012-2021. Belarus and Ukraine experienced a relatively flat trend pattern. By contrast, Lithuania (-4.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hungary, the Czech Republic and Poland increased by +2.6, +2.2 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported welded link chain of iron or steel in Eastern Europe, comprising 36% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 17% share of total imports. It was followed by Poland, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: the Czech Republic (+4.5% per year) and Poland (+0.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, with an increase of 21% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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