EU: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in the EU

In 2021, the EU metal link chain parts market increased by 23% to $X for the first time since 2014, thus ending a six-year declining trend. Overall, consumption, however, continues to indicate a deep contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in the EU

In value terms, metal link chain parts production totaled $X in 2021 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in the EU

In 2021, the amount of iron or steel parts of articulated link chain exported in the European Union expanded sharply to X tons, rising by 8.6% against the previous year. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% 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 increased by +47.4% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 31%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, metal link chain parts exports surged to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.7% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 25%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany represented the main exporter of iron or steel parts of articulated link chain in the European Union, with the volume of exports resulting at X tons, which was approx. 49% of total exports in 2021. Italy (X tons) took the second position in the ranking, followed by Poland (X tons), Austria (X tons) and France (X tons). All these countries together held near 40% share of total exports. The following exporters - the Netherlands (X tons) and the Czech Republic (X tons) - together made up 5.4% of total exports.

Germany was also the fastest-growing in terms of the iron or steel parts of articulated link chain exports, with a CAGR of +16.8% from 2012 to 2021. At the same time, the Netherlands (+15.4%), Austria (+11.4%) and Poland (+10.9%) displayed positive paces of growth. France experienced a relatively flat trend pattern. By contrast, Italy (-2.7%) and the Czech Republic (-3.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, Austria, Poland and the Netherlands increased by +26, +2.8, +2.5 and +1.6 percentage points, respectively.

In value terms, Germany ($X) remains the largest metal link chain parts supplier in the European Union, comprising 53% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by France, with a 9.8% share.

In Germany, metal link chain parts exports expanded at an average annual rate of +10.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-0.7% per year) and France (+1.9% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Poland ($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 (+10.0%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in the EU

In 2021, overseas purchases of iron or steel parts of articulated link chain increased by 35% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain parts imports surged to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany was the main importer of iron or steel parts of articulated link chain in the European Union, with the volume of imports reaching X tons, which was approx. 31% of total imports in 2021. France (X tons) ranks second in terms of the total imports with a 13% share, followed by Romania (12%), the Netherlands (8.2%), Italy (7.3%), the Czech Republic (5.2%) and Austria (5.1%).

Imports into Germany increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Romania (+28.4%), Austria (+11.1%), the Netherlands (+8.2%), France (+5.5%) and the Czech Republic (+1.7%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of +28.4% from 2012-2021. By contrast, Italy (-4.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Romania, the Netherlands, Austria and France increased by +10, +2.5, +2.3 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Romania ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 49% share of total imports.

Romania, with a CAGR of +23.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, almost unchanged from the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 12%. Over the period under review, import prices hit record highs 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 importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Germany ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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