United Kingdom: Metal Chain Parts Market 2024

Metal Chain Parts Market Size in the UK

In 2022, the UK metal chain parts market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Metal Chain Parts Production in the UK

In value terms, metal chain parts production contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Metal chain parts production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Metal Chain Parts Exports

Exports from the UK

For the third consecutive year, the UK recorded decline in overseas shipments of parts of chains of iron or steel, which decreased by X% to X tons in 2022. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal chain parts exports declined to $X in 2022. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons), the United States (X tons) and Canada (X tons) were the main destinations of metal chain parts exports from the UK, together comprising X% of total exports. The Netherlands, Turkey, Nigeria, Germany, Sweden, China, India, Spain, Norway and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal chain parts exported from the UK were the United States ($X), Norway ($X) and the Netherlands ($X), together accounting for X% of total exports. Turkey, Italy, Germany, Canada, Ireland, China, Spain, Nigeria, India and Sweden lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 chain parts export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Ireland ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Parts Imports

Imports into the UK

In 2022, purchases abroad of parts of chains of iron or steel increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal chain parts imports soared to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal chain parts to the UK, accounting for a X% share of total imports. Moreover, metal chain parts imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) constituted the largest supplier of parts of chains of iron or steel to the UK, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

The average metal chain parts import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :