Spain: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

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

After six years of decline, the Spanish metal link chain parts market increased by 22% to $X in 2021. Overall, consumption, however, saw a perceptible downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, metal link chain parts production declined to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.3% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 53%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Spain

In 2021, after two years of growth, there was significant decline in shipments abroad of iron or steel parts of articulated link chain, when their volume decreased by -28.9% to X tons. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 194%. 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 fell sharply to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 253%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for metal link chain parts exports from Spain, with a 32% share of total exports. Moreover, metal link chain parts exports to Slovakia exceeded the volume sent to the second major destination, Algeria (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia stood at -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+13.6% per year) and Turkey (+402.9% per year).

In value terms, Slovakia ($X) remains the key foreign market for iron or steel parts of articulated link chain exports from Spain, comprising 24% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Turkey, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Slovakia stood at -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+96.4% per year) and Turkey (+307.1% per year).

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, increasing by 16% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 20%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Tunisia ($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 El Salvador (+40.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Spain

In 2021, approx. X tons of iron or steel parts of articulated link chain were imported into Spain; growing by 18% compared with the previous year. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 53%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal link chain parts imports surged to $X in 2021. Over the period under review, imports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 71% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Romania (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of metal link chain parts imports to Spain, together comprising 57% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +105.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain parts suppliers to Spain were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 62% share of total imports.

The Netherlands, with a CAGR of +97.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 parts import price amounted to $X per ton, rising by 23% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 78% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 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, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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