Norway: Metal Link Chain Market 2024

Metal Link Chain Market Size in Norway

The Norwegian metal link chain market totaled $X in 2021, approximately reflecting the previous year. Over the period under review, consumption saw a deep slump. Metal link chain consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Link Chain Production in Norway

In value terms, metal link chain production fell significantly to $X in 2021 estimated in export price. Overall, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 265%. Metal link chain production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Metal Link Chain Exports

Exports from Norway

In 2021, exports of iron or steel articulated link chain from Norway reduced markedly to X tons, waning by -62.2% against the previous year's figure. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 1,220%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports reduced rapidly to $X in 2021. Overall, exports showed a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 380%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Faroe Islands (X tons) and Greece (X tons) were the main destinations of metal link chain exports from Norway, together comprising 47% of total exports.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +112.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Poland ($X) were the largest markets for metal link chain exported from Norway worldwide, with a combined 43% share of total exports. The Netherlands, Denmark, Faroe Islands, Greece, Iceland, the UK and Finland lagged somewhat behind, together accounting for a further 21%.

Greece, with a CAGR of +48.6%, saw 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

In 2021, the average metal link chain export price amounted to $X per ton, picking up by 76% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 137% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Finland ($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 Sweden (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Norway

In 2021, imports of iron or steel articulated link chain into Norway rose rapidly to X tons, surging by 6.3% on the previous year's figure. Overall, imports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2019 with an increase of 92%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, metal link chain imports amounted to $X in 2021. In general, imports, however, continue to indicate a mild slump. The pace of growth was the most pronounced in 2016 when imports increased by 109%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain to Norway, accounting for a 45% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+4.2% per year) and Sweden (+8.6% per year).

In value terms, Germany ($X), Finland ($X) and Sweden ($X) appeared to be the largest metal link chain suppliers to Norway, with a combined 58% share of total imports. These countries were followed by China, Denmark, the UK and South Korea, which together accounted for a further 23%.

Among the main suppliers, South Korea, with a CAGR of +56.7%, recorded the highest rates of growth with regard to 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

The average metal link chain import price stood at $X per ton in 2021, falling by -4.4% against the previous year. Over the period under review, the import price, however, enjoyed a tangible increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 289%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($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 UK (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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