U.S.: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in the U.S.

The U.S. metal welded link chain market stood at $X in 2021, stabilizing at the previous year. In general, consumption recorded a slight descent. The growth pace was the most rapid in 2019 when the market value increased by 6.2%. Metal welded link chain consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Welded Link Chain Of Iron Or Steel in the U.S.

In value terms, metal welded link chain production fell to $X in 2021. Over the period under review, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 -27.2% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of 122% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Welded Link Chain Of Iron Or Steel

Exports from the U.S.

Metal welded link chain exports from the United States soared to X tons in 2021, jumping by 15% against the previous year. In general, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal welded link chain exports skyrocketed to $X in 2021. Overall, exports, however, saw a slight setback. The pace of growth was the most pronounced in 2013 with an increase of 33% 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

Canada (X tons) was the main destination for metal welded link chain exports from the United States, accounting for a 51% share of total exports. Moreover, metal welded link chain exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. South Korea (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.8% per year) and South Korea (+10.2% per year).

In value terms, Canada ($X) remains the key foreign market for welded link chain of iron or steel exports from the United States, comprising 49% of total exports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total exports. It was followed by South Korea, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+2.4% per year) and South Korea (+8.4% per year).

Export Prices by Country

The average metal welded link chain export price stood at $X per ton in 2021, surging by 4.4% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 7.8% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Canada (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports into the U.S.

In 2021, supplies from abroad of welded link chain of iron or steel decreased by -4.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Imports peaked at X tons in 2020, and then declined slightly in the following year.

In value terms, metal welded link chain imports stood at $X in 2021. Overall, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2017 when imports increased by 37% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal welded link chain supplier to the United States, with a 80% share of total imports. Moreover, metal welded link chain imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Canada (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.9% per year) and Canada (+17.2% per year).

In value terms, China ($X) constituted the largest supplier of welded link chain of iron or steel to the United States, comprising 52% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by Sweden, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.5% per year) and Sweden (+9.0% per year).

Import Prices by Country

The average metal welded link chain import price stood at $X per ton in 2021, with an increase of 8% against the previous year. In general, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 8.1% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Thailand ($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 (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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