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

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

The Luxembourg metal link chain parts market skyrocketed to $X in 2021, rising by 56% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a strong expansion. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Luxembourg

In 2021, overseas shipments of iron or steel parts of articulated link chain were finally on the rise to reach X tons after two years of decline. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,001%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, metal link chain parts exports soared to $X in 2021. Overall, exports posted resilient growth. The growth pace was the most rapid in 2016 with an increase of 353%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons), Belgium (X kg) and Oman (X kg) were the main destinations of metal link chain parts exports from Luxembourg, together comprising 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +24.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X), Belgium ($X) and Oman ($X) constituted the largest markets for metal link chain parts exported from Luxembourg worldwide, with a combined 92% share of total exports.

Among the main countries of destination, Belgium, with a CAGR of +18.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, with an increase of 6.7% against the previous year. In general, the export price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2013 an increase of 96% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Poland ($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 (+20.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Luxembourg

In 2021, imports of iron or steel parts of articulated link chain into Luxembourg skyrocketed to X tons, picking up by 84% compared with the previous year. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 114%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, metal link chain parts imports skyrocketed to $X in 2021. Overall, imports posted strong growth. The growth pace was the most rapid in 2017 with an increase of 120% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest metal link chain parts supplier to Luxembourg, with a 52% share of total imports. Moreover, metal link chain parts imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+377.6% per year) and Italy (+227.1% per year).

In value terms, the largest metal link chain parts suppliers to Luxembourg were Germany ($X), the Czech Republic ($X) and Italy ($X), with a combined 86% share of total imports.

The Czech Republic, with a CAGR of +178.0%, recorded the highest growth rate of the value of imports, in terms of 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 link chain parts import price amounted to $X per ton, shrinking by -23.2% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Italy ($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 (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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