Scandinavia: Metal Link Chain Market 2024

Metal Link Chain Market Size in Scandinavia

In 2021, the Scandinavia metal link chain market decreased by -7.3% to $X, falling for the third year in a row after two years of growth. In general, consumption continues to indicate a deep slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Metal Link Chain Production in Scandinavia

In value terms, metal link chain production rose notably to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Metal Link Chain Exports

Exports in Scandinavia

In 2021, the amount of iron or steel articulated link chain exported in Scandinavia skyrocketed to X tons, rising by 22% against the previous year's figure. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 34%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal link chain exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland was the major exporting country with an export of around X tons, which resulted at 81% of total exports. It was distantly followed by Sweden (X tons), comprising a 15% share of total exports. Denmark (X tons) took a relatively small share of total exports.

Exports from Finland increased at an average annual rate of +1.5% from 2012 to 2021. At the same time, Sweden (+10.5%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +10.5% from 2012-2021. By contrast, Denmark (-3.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +7.6 percentage points.

In value terms, Finland ($X) remains the largest metal link chain supplier in Scandinavia, comprising 73% of total exports. The second position in the ranking was held by Sweden ($X), with a 19% share of total exports.

In Finland, metal link chain exports expanded at an average annual rate of +3.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+11.0% per year) and Denmark (-2.0% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, growing by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 21%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.2%), while the other leaders experienced more modest paces of growth.

Metal Link Chain Imports

Imports in Scandinavia

In 2021, purchases abroad of iron or steel articulated link chain was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, metal link chain imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Sweden represented the largest importer of iron or steel articulated link chain in Scandinavia, with the volume of imports resulting at X tons, which was approx. 64% of total imports in 2021. Norway (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (13%) and Finland (7.2%). Iceland (X tons) followed a long way behind the leaders.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of iron or steel articulated link chain. At the same time, Finland (+2.8%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +2.8% from 2012-2021. By contrast, Iceland (-4.1%), Norway (-4.2%) and Denmark (-6.5%) illustrated a downward trend over the same period. Sweden (+7.9 p.p.) and Finland (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Norway and Denmark saw its share reduced by -2.9% and -6.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported iron or steel articulated link chain in Scandinavia, comprising 59% of total imports. The second position in the ranking was taken by Denmark ($X), with a 16% share of total imports. It was followed by Finland, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Sweden was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Denmark (-3.9% per year) and Finland (+6.4% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, growing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2016 an increase of 32% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Finland ($X per ton), while Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform