U.S.: Metal Chain Market 2025

Metal Chain Market Size in the U.S.

In 2022, the U.S. metal chain market decreased by -0.6% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal Chain Production in the U.S.

In value terms, metal chain production rose modestly to $X in 2022. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 15% against the previous year. Metal chain production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Metal Chain Exports

Exports from the U.S.

In 2022, overseas shipments of iron or steel chain increased by 17% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 26%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal chain exports expanded notably to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 19%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for metal chain exports from the United States, with a 41% share of total exports. Moreover, metal chain exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was held by Australia (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.6% per year) and Australia (+6.3% per year).

In value terms, Canada ($X) remains the key foreign market for iron or steel chain exports from the United States, comprising 49% of total exports. The second position in the ranking was held by Mexico ($X), with a 16% share of total exports. It was followed by Australia, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.5% per year) and Australia (+3.2% per year).

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, reducing by -7.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 17%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Imports

Imports into the U.S.

In 2022, purchases abroad of iron or steel chain decreased by -21% to X tons, falling for the second year in a row after three years of growth. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, metal chain imports declined modestly to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal chain to the United States, accounting for a 76% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Canada (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.1% per year) and Canada (+2.2% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel chain to the United States, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Canada, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.7% per year) and Canada (-1.3% per year).

Import Prices by Country

In 2022, the average metal chain import price amounted to $X per ton, picking up by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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