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

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

For the fifth year in a row, the North American metal link chain parts market recorded decline in sales value, which decreased by -2.3% to $X in 2021. Over the period under review, consumption recorded a noticeable reduction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Northern America

In value terms, metal link chain parts production stood at $X in 2021 estimated in export price. In general, production recorded a noticeable curtailment. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in Northern America

In 2021, approx. X tons of iron or steel parts of articulated link chain were exported in Northern America; picking up by 10% compared with the year before. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +46.3% against 2015 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 28%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, metal link chain parts exports soared to $X in 2021. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 22%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States prevails in exports structure, reaching X tons, which was near 92% of total exports in 2021. It was distantly followed by Canada (X tons), achieving a 7.8% share of total exports.

The United States was also the fastest-growing in terms of the iron or steel parts of articulated link chain exports, with a CAGR of +6.4% from 2012 to 2021. At the same time, Canada (+2.4%) displayed positive paces of growth. While the share of the United States (+2.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-2.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest metal link chain parts supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 4.2% share of total exports.

In the United States, metal link chain parts exports expanded at an average annual rate of +8.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, growing by 6.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2014 when the export price increased by 10% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.2%).

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in Northern America

Metal link chain parts imports rose significantly to X tons in 2021, surging by 10% on 2020. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, metal link chain parts imports surged to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.3% against 2019 indices. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The United States was the largest importer of iron or steel parts of articulated link chain in Northern America, with the volume of imports amounting to X tons, which was near 82% of total imports in 2021. It was distantly followed by Canada (X tons), creating an 18% share of total imports.

The United States was also the fastest-growing in terms of the iron or steel parts of articulated link chain imports, with a CAGR of +5.5% from 2012 to 2021. At the same time, Canada (+2.5%) displayed positive paces of growth. While the share of the United States (+4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel parts of articulated link chain in Northern America, comprising 85% of total imports. The second position in the ranking was held by Canada ($X), with a 15% share of total imports.

In the United States, metal link chain parts imports increased at an average annual rate of +5.5% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 15% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.0%).

Source: IndexBox Platform

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