Portugal: Metal Link Chain Market 2024

Metal Link Chain Market Size in Portugal

After seven years of decline, the Portuguese metal link chain market increased by 2.7% to $X in 2021. In general, consumption, however, continues to indicate a perceptible decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Link Chain Production in Portugal

In value terms, metal link chain production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable decline. The pace of growth was the most pronounced in 2013 with an increase of 80% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Metal Link Chain Exports

Exports from Portugal

In 2021, approx. X tons of iron or steel articulated link chain were exported from Portugal; growing by 11% on the previous year. Overall, exports, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 32%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal link chain exports expanded markedly to $X in 2021. Over the period under review, exports saw modest growth. The pace of growth appeared the most rapid in 2013 with an increase of 64%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Indonesia (X tons) and Rwanda (X tons) were the main destinations of metal link chain exports from Portugal, together accounting for 71% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +88.8%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for iron or steel articulated link chain exports from Portugal, comprising 41% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total exports. It was followed by Angola, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+60.2% per year) and Angola (-3.7% per year).

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2021, growing by 3.3% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain export price increased by +13.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 69% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Indonesia ($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 the Netherlands (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Portugal

After two years of decline, purchases abroad of iron or steel articulated link chain increased by 26% to X tons in 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 35%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal link chain imports surged to $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain to Portugal, accounting for a 43% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.8% per year) and the Czech Republic (+59.0% per year).

In value terms, the largest metal link chain suppliers to Portugal were China ($X), Spain ($X) and Italy ($X), together comprising 57% of total imports. The Czech Republic, Austria, the UK, France, Germany, Belgium, Finland and the Netherlands lagged somewhat behind, together comprising a further 40%.

Among the main suppliers, the Czech Republic, with a CAGR of +64.5%, 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

The average metal link chain import price stood at $X per ton in 2021, falling by -3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2017 an increase of 28% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($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 (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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