Luxembourg: Metal Chain Market 2024

Metal Chain Market Size in Luxembourg

In 2022, the Luxembourg metal chain market increased by 64% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, saw a abrupt slump. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Metal Chain Exports

Exports from Luxembourg

In 2022, shipments abroad of iron or steel chain decreased by -32% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 170% against the previous year. The exports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, metal chain exports expanded sharply to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 285%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), Belgium (X kg) and France (X kg) were the main destinations of metal chain exports from Luxembourg, with a combined 87% share of total exports. Austria, Denmark and the Netherlands lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +82.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal chain exported from Luxembourg were Belgium ($X), Germany ($X) and Austria ($X), together accounting for 85% of total exports.

Austria, with a CAGR of +76.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal chain export price stood at $X per ton in 2022, with an increase of 61% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain export price decreased by -15.2% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by 102% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Chain Imports

Imports into Luxembourg

In 2022, overseas purchases of iron or steel chain increased by 60% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 1,525% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal chain imports soared to $X in 2022. Overall, imports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 718% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of metal chain to Luxembourg, with a 63% share of total imports. Moreover, metal chain imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.2% per year) and Belgium (-6.8% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel chain to Luxembourg, comprising 52% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.9% per year) and Belgium (-4.1% per year).

Import Prices by Country

The average metal chain import price stood at $X per ton in 2022, declining by -14.1% against the previous year. Overall, the import price, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2018 an increase of 78% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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