Europe: Metal Link Chain Market 2024

Metal Link Chain Market Size in Europe

The Europe metal link chain market declined modestly to $X in 2021, shrinking by -4.8% against the previous year. Over the period under review, consumption recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the market value increased by 3.6%. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Metal Link Chain Production in Europe

In value terms, metal link chain production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a deep setback. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Link Chain Exports

Exports in Europe

In 2021, after two years of decline, there was significant growth in shipments abroad of iron or steel articulated link chain, when their volume increased by 17% to X tons. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat 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 link chain exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 17% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany was the main exporting country with an export of around X tons, which recorded 44% of total exports. It was distantly followed by France (X tons), Italy (X tons), Finland (X tons), Austria (X tons) and the UK (X tons), together committing a 35% share of total exports. The following exporters - Belgium (X tons), Poland (X tons), the Czech Republic (X tons), the Netherlands (X tons) and Spain (X tons) - together made up 17% of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal link chain exports from Germany stood at +3.6%. At the same time, the Netherlands (+24.2%), Spain (+13.5%), the Czech Republic (+11.6%), Belgium (+11.5%), Poland (+2.8%), the UK (+2.2%), Austria (+2.0%) and Finland (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of +24.2% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Italy (-1.2%) illustrated a downward trend over the same period. While the share of Belgium (+2.3 p.p.), the Netherlands (+2.2 p.p.), Germany (+2.1 p.p.) and the Czech Republic (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of France (-2.6 p.p.) and Italy (-3.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest metal link chain supplier in Europe, comprising 50% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Italy, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled +4.2%. In the other countries, the average annual rates were as follows: France (+1.0% per year) and Italy (-2.7% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, which is down by -3.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 15% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while Poland ($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 (+17.8%), while the other leaders experienced more modest paces of growth.

Metal Link Chain Imports

Imports in Europe

After two years of decline, purchases abroad of iron or steel articulated link chain increased by 50% to X tons in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, 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 imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons), distantly followed by Germany (X tons), Italy (X tons), the UK (X tons) and France (X tons) were the main importers of iron or steel articulated link chain, together generating 64% of total imports. Spain (X tons), Poland (X tons), Belgium (X tons), Austria (X tons), the Netherlands (X tons), Sweden (X tons) and Greece (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Russia (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain importing markets in Europe were Germany ($X), Russia ($X) and France ($X), with a combined 40% share of total imports.

In terms of the main importing countries, Russia, with a CAGR of +18.2%, recorded the highest rates of growth with regard to 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 Europe amounted to $X per ton, which is down by -2.9% against the previous year. In general, the import price showed a mild descent. The growth pace was the most rapid in 2020 when the import price increased by 9.8%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform