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

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

In 2021, after seven years of decline, there was significant growth in the Europe metal link chain parts market, when its value increased by 18% to $X. Over the period under review, consumption, however, saw a abrupt setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

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

In value terms, metal link chain parts production rose notably to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 14%. As a result, production reached 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 Europe

In 2021, exports of iron or steel parts of articulated link chain in Europe expanded remarkably to X tons, growing by 6.9% compared with 2020. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% 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 -1.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 26% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, metal link chain parts exports soared to $X in 2021. Total exports indicated a strong increase 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 2017 with an increase of 21% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

In 2021, Germany (X tons) represented the key exporter of iron or steel parts of articulated link chain, committing 42% of total exports. Italy (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Poland (8.8%), Austria (8.7%), Switzerland (6.4%), France (6%) and the UK (5.6%).

From 2012 to 2021, average annual rates of growth with regard to metal link chain parts exports from Germany stood at +16.8%. At the same time, Switzerland (+42.9%), Austria (+11.4%) and Poland (+10.9%) displayed positive paces of growth. Moreover, Switzerland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +42.9% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Italy (-2.7%) and the UK (-4.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, Switzerland, Austria and Poland increased by +24, +6, +3 and +2.8 percentage points, respectively.

In value terms, Germany ($X) remains the largest metal link chain parts supplier in Europe, comprising 47% of total exports. The second position in the ranking was taken by Italy ($X), with a 10% share of total exports. It was followed by France, with an 8.7% share.

In Germany, metal link chain parts exports expanded at an average annual rate of +10.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (-0.7% per year) and France (+1.9% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, rising by 13% against the previous year. In general, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 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 Italy (+2.0%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in Europe

In 2021, purchases abroad of iron or steel parts of articulated link chain was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.6% over the period 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 skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.2% 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

In 2021, Germany (X tons), distantly followed by France (X tons), Romania (X tons), Russia (X tons), the Netherlands (X tons), Italy (X tons) and the UK (X tons) represented the main importers of iron or steel parts of articulated link chain, together mixing up 73% of total imports. The Czech Republic (X tons), Austria (X tons), Poland (X tons), Portugal (X tons) and Spain (X tons) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Romania (+28.4%), the UK (+14.9%), Austria (+11.1%), Poland (+8.7%), the Netherlands (+8.2%), Portugal (+7.5%), France (+5.5%) and the Czech Republic (+1.7%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Europe, with a CAGR of +28.4% from 2012-2021. Russia experienced a relatively flat trend pattern. By contrast, Italy (-4.1%) and Spain (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Romania, the UK, the Netherlands, Austria and France increased by +8.8, +3.1, +2.2, +2 and +1.8 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) were the countries with the highest levels of imports in 2021, together accounting for 44% of total imports.

Romania, with a CAGR of +23.9%, recorded the highest growth rate of 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 Europe stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 14% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 the Czech Republic (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform