Italy: Metal Link Chain Market 2024

Metal Link Chain Market Size in Italy

The Italian metal link chain market surged to $X in 2021, with an increase of 15% against the previous year. Overall, consumption continues to indicate a deep reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Link Chain Production in Italy

In value terms, metal link chain production soared to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced curtailment. The pace of growth was the most pronounced in 2019 with an increase of 22% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Link Chain Exports

Exports from Italy

In 2021, shipments abroad of iron or steel articulated link chain was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2014 with an increase of 19%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal link chain exports surged to $X in 2021. Overall, exports, however, continue to indicate a pronounced decline. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Austria (X tons) and France (X tons) were the main destinations of metal link chain exports from Italy, with a combined 47% share of total exports. These countries were followed by Romania, Spain, Hungary, the Netherlands, Switzerland, Turkey, the UK, Poland and China, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +27.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and France ($X) were the largest markets for metal link chain exported from Italy worldwide, with a combined 52% share of total exports. These countries were followed by Spain, Hungary, Romania, the UK, Turkey, Poland, the Netherlands, China and Switzerland, which together accounted for a further 28%.

In terms of the main countries of destination, Romania, with a CAGR of +22.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2021, rising by 10% against the previous year. Overall, the export price, however, showed a slight decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($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 France (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Link Chain Imports

Imports into Italy

In 2021, supplies from abroad of iron or steel articulated link chain was finally on the rise to reach X tons after three years of decline. Over the period under review, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 163%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, metal link chain imports soared to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +9.1% 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 +48.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 58%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of metal link chain imports to Italy, with a combined 72% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +36.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain suppliers to Italy were Germany ($X), China ($X) and France ($X), with a combined 75% share of total imports. Japan, South Korea, the UK, Austria and the Netherlands lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, South Korea, with a CAGR of +32.9%, saw the highest growth rate of 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 average metal link chain import price amounted to $X per ton, increasing by 8.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 25% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for South Korea ($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 Netherlands (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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