Slovakia: Metal Link Chain Market 2024

Metal Link Chain Market Size in Slovakia

The Slovak metal link chain market soared to $X in 2021, increasing by 57% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +154.7% against 2018 indices. Metal link chain consumption peaked in 2021 and is expected to retain growth in the immediate term.

Metal Link Chain Exports

Exports from Slovakia

After six years of growth, shipments abroad of iron or steel articulated link chain decreased by -13.6% to X tons in 2021. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 636%. The exports peaked at X tons in 2020, and then reduced in the following year.

In value terms, metal link chain exports skyrocketed to $X in 2021. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2016 when exports increased by 554% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons), the Czech Republic (X tons) and Austria (X tons) were the main destinations of metal link chain exports from Slovakia, together accounting for 59% of total exports. China, Hungary, Romania and Germany lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +203.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Austria ($X) and Poland ($X) were the largest markets for metal link chain exported from Slovakia worldwide, together accounting for 65% of total exports.

Among the main countries of destination, China, with a CAGR of +595.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2021, with an increase of 34% against the previous year. In general, the export price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2014 an increase of 169% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Germany ($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 China (+128.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Slovakia

In 2021, supplies from abroad of iron or steel articulated link chain increased by 20% to X tons, rising for the third year in a row after three years of decline. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +111.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 46% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, metal link chain imports soared to $X in 2021. In general, imports continue to indicate slight growth. The most prominent rate of growth was recorded in 2019 with an increase of 95%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of metal link chain to Slovakia, accounting for a 69% share of total imports. Moreover, metal link chain imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was held by China (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.6% per year) and China (-3.0% per year).

In value terms, Germany ($X), South Korea ($X) and China ($X) constituted the largest metal link chain suppliers to Slovakia, together accounting for 86% of total imports. These countries were followed by the Czech Republic, Austria and Canada, which together accounted for a further 10%.

Among the main suppliers, Canada, with a CAGR of +78.8%, 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

In 2021, the average metal link chain import price amounted to $X per ton, picking up by 48% against the previous year. In general, the import price, however, showed a noticeable contraction. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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