Germany: Market for Welded Link Chain Of Iron Or Steel 2024

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

The German metal welded link chain market skyrocketed to $X in 2021, rising by 44% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +52.4% against 2017 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Production of Welded Link Chain Of Iron Or Steel in Germany

In value terms, metal welded link chain production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Germany

After two years of decline, overseas shipments of welded link chain of iron or steel increased by 0.9% to X tons in 2021. Overall, exports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, metal welded link chain exports amounted to $X in 2021. Over the period under review, exports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when exports increased by 24%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for metal welded link chain exports from Germany, with a 42% share of total exports. Moreover, metal welded link chain exports to China exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+8.9% per year) and the United States (-11.1% per year).

In value terms, China ($X) remains the key foreign market for welded link chain of iron or steel exports from Germany, comprising 37% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.5% share of total exports. It was followed by the Netherlands, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.8% per year) and the Netherlands (+6.9% per year).

Export Prices by Country

The average metal welded link chain export price stood at $X per ton in 2021, growing by 5.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 7.1% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports into Germany

In 2021, approx. X tons of welded link chain of iron or steel were imported into Germany; increasing by 7.5% on the year before. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, metal welded link chain imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 26% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), the Czech Republic (X tons) and Austria (X tons) were the main suppliers of metal welded link chain imports to Germany, with a combined 72% share of total imports. These countries were followed by Italy, Turkey, the Netherlands, Poland and Belgium, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +28.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Czech Republic ($X) and Austria ($X) were the largest metal welded link chain suppliers to Germany, with a combined 73% share of total imports. Italy, the Netherlands, Turkey, Poland and Belgium lagged somewhat behind, together accounting for a further 19%.

The Netherlands, with a CAGR of +31.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal welded link chain import price amounted to $X per ton, growing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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