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

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

In 2021, after two years of decline, there was significant growth in the Europe metal welded link chain market, when its value increased by 23% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Welded Link Chain Of Iron Or Steel in Europe

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

Exports of Welded Link Chain Of Iron Or Steel

Exports in Europe

In 2021, exports of welded link chain of iron or steel in Europe stood at X tons, surging by 5.1% against 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 22% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal welded link chain exports rose markedly to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Germany (X tons) and Spain (X tons) were the key exporters of welded link chain of iron or steel in Europe, together mixing up 46% of total exports. It was distantly followed by the Czech Republic (X tons), Italy (X tons) and Austria (X tons), together achieving a 25% share of total exports. The following exporters - Sweden (X tons), Poland (X tons), France (X tons), Russia (X tons), the Netherlands (X tons), Belgium (X tons) and Greece (X tons) - together made up 21% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Greece (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest metal welded link chain supplier in Europe, comprising 37% of total exports. The second position in the ranking was held by Spain ($X), with a 13% share of total exports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Germany totaled -2.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (-1.5% per year) and the Czech Republic (+2.5% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, surging by 5.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 Germany ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.0%), while the other leaders experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports in Europe

Metal welded link chain imports rose markedly to X tons in 2021, growing by 5.4% against the year before. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, metal welded link chain imports soared to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% 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 +72.6% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The purchases of the twelve major importers of welded link chain of iron or steel, namely Russia, Germany, the UK, Norway, the Netherlands, France, Poland, the Czech Republic, Belgium, Greece, Italy and Sweden, represented more than two-thirds of total import. Austria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +9.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Russia ($X) were the countries with the highest levels of imports in 2021, together comprising 32% of total imports.

Among the main importing countries, the Netherlands, with a CAGR of +10.4%, 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, picking up by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 13%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 Austria ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform