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

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

In 2021, the UK metal link chain parts market decreased by -7.1% to $X, falling for the eighth year in a row after two years of growth. Overall, consumption showed a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Iron Or Steel Parts Of Articulated Link Chain in the UK

In value terms, metal link chain parts production reached $X in 2021 estimated in export price. In general, production faced a dramatic downturn. The pace of growth was the most pronounced in 2017 with an increase of 77% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from the UK

In 2021, shipments abroad of iron or steel parts of articulated link chain decreased by -35.1% to X tons, falling for the third consecutive year after two years of growth. In general, exports saw a noticeable curtailment. The growth pace was the most rapid in 2018 with an increase of 197% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal link chain parts exports dropped slightly to $X in 2021. Overall, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 119% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X tons), the United States (X tons) and China (X tons) were the main destinations of metal link chain parts exports from the UK, with a combined 79% share of total exports. These countries were followed by Germany, the Netherlands, Ireland, France and South Africa, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +19.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal link chain parts exported from the UK were Australia ($X), the United States ($X) and China ($X), together accounting for 80% of total exports.

Australia, with a CAGR of +20.1%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 parts export price stood at $X per ton in 2021, with an increase of 52% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Ireland ($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 South Africa (+18.8%), 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 the UK

In 2021, after three years of decline, there was significant growth in supplies from abroad of iron or steel parts of articulated link chain, when their volume increased by 34% to X tons. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 72% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, metal link chain parts imports surged to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.9% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 123%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of metal link chain parts imports to the UK, with a combined 89% share of total imports. These countries were followed by India, Japan and France, which together accounted for a further 7.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +47.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest metal link chain parts suppliers to the UK, together comprising 83% of total imports. These countries were followed by Japan, India and France, which together accounted for a further 9.7%.

India, with a CAGR of +52.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal link chain parts import price stood at $X per ton in 2021, declining by -13.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 when the average import price increased by 53%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :