United Kingdom: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in the UK

For the third consecutive year, the UK metal stud-link chain market recorded decline in sales value, which decreased by -42.4% to $X in 2021. In general, consumption, however, continues to indicate a significant increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Metal Stud-Link Chain Production in the UK

In value terms, metal stud-link chain production dropped dramatically to $X in 2021 estimated in export price. Overall, production showed a dramatic downturn. Metal stud-link chain production peaked at $X in 2020, and then fell significantly in the following year.

Metal Stud-Link Chain Exports

Exports from the UK

Metal stud-link chain exports from the UK reached X tons in 2021, remaining constant against the previous year's figure. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 130% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal stud-link chain exports rose notably to $X in 2021. In general, exports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 83% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for metal stud-link chain exports from the UK, with a 57% share of total exports. Moreover, metal stud-link chain exports to the Netherlands exceeded the volume sent to the second major destination, Norway (X tons), fourfold. Angola (X tons) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-28.6% per year) and Angola (+21.6% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for iron/steel stud-link chain exports from the UK, comprising 41% of total exports. The second position in the ranking was held by Angola ($X), with a 10% share of total exports. It was followed by Nigeria, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+23.2% per year) and Nigeria (+3.0% per year).

Export Prices by Country

The average metal stud-link chain export price stood at $X per ton in 2021, increasing by 13% against the previous year. In general, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Norway ($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 Germany (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Stud-Link Chain Imports

Imports into the UK

In 2021, overseas purchases of iron/steel stud-link chain decreased by -8% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 170% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, metal stud-link chain imports amounted to $X in 2021. In general, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of 245%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest metal stud-link chain supplier to the UK, accounting for a 71% share of total imports. Moreover, metal stud-link chain imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+33.6% per year) and France (-1.9% per year).

In value terms, China ($X) constituted the largest supplier of iron/steel stud-link chain to the UK, comprising 54% of total imports. The second position in the ranking was held by France ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.2% per year) and the Netherlands (+39.9% per year).

Import Prices by Country

In 2021, the average metal stud-link chain import price amounted to $X per ton, picking up by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 43%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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