Scandinavia: Market for Iron Or Steel Parts Of Articulated Link Chain 2025

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

In 2021, after three years of decline, there was significant growth in the Scandinavia metal link chain parts market, when its value increased by 5.8% to $X. Over the period under review, consumption, however, saw a deep contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Scandinavia

In value terms, metal link chain parts production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 35% 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.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in Scandinavia

In 2021, shipments abroad of iron or steel parts of articulated link chain increased by 41% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports posted a mild increase. The pace of growth appeared the most rapid in 2013 when exports increased by 123%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal link chain parts exports surged to $X in 2021. Overall, exports enjoyed a measured increase. The growth pace was the most rapid in 2013 when exports increased by 120% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Finland represented the key exporting country with an export of about X tons, which reached 63% of total exports. It was distantly followed by Sweden (X tons), Denmark (X tons) and Norway (X tons), together constituting a 37% share of total exports.

Exports from Finland increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Denmark (+10.7%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +10.7% from 2012-2021. By contrast, Sweden (-1.9%) and Norway (-9.8%) illustrated a downward trend over the same period. While the share of Denmark (+8.4 p.p.) and Finland (+7.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-6.3 p.p.) and Norway (-10 p.p.) displayed negative dynamics.

In value terms, Finland ($X), Sweden ($X) and Denmark ($X) were the countries with the highest levels of exports in 2021, with a combined 91% share of total exports.

Denmark, with a CAGR of +7.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, declining by -8.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 when the export price increased by 51% against the previous year. The level of export peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.5%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in Scandinavia

In 2021, after three years of decline, there was significant growth in purchases abroad of iron or steel parts of articulated link chain, when their volume increased by 21% to X tons. Over the period under review, imports, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 83% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, metal link chain parts imports surged to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Finland (X tons) and Denmark (X tons) were the key importers of iron or steel parts of articulated link chain in 2021, finishing at approx. 35% and 28% of total imports, respectively. Norway (X tons) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Sweden (16%). Iceland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +13.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 82% of total imports.

Among the main importing countries, Denmark, with a CAGR of +10.7%, 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

In 2021, the import price in Scandinavia amounted to $X per ton, growing by 21% against the previous year. Import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.0% 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 parts import price increased by +120.1% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 48%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($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 (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform