United Kingdom: Market for Welded Link Chain Of Iron Or Steel 2025

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

The UK metal welded link chain market reduced modestly to $X in 2021, shrinking by -2.3% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Welded Link Chain Of Iron Or Steel in the UK

In value terms, metal welded link chain production rose to $X in 2021 estimated in export price. In general, production, however, showed a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 18%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Welded Link Chain Of Iron Or Steel

Exports from the UK

In 2021, approx. X tons of welded link chain of iron or steel were exported from the UK; rising by 46% compared with 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 74% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal welded link chain exports skyrocketed to $X in 2021. Over the period under review, exports recorded a moderate expansion. The pace of growth appeared the most rapid in 2017 with an increase of 83%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Ireland (X tons) was the main destination for metal welded link chain exports from the UK, with a 38% share of total exports. Moreover, metal welded link chain exports to Ireland exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+41.7% per year) and the Netherlands (+34.4% per year).

In value terms, the largest markets for metal welded link chain exported from the UK were Ireland ($X), the United States ($X) and the Netherlands ($X), together comprising 48% of total exports. The United Arab Emirates, Bermuda, Australia, Germany, Norway, Hong Kong SAR, France, Belgium, Singapore and Trinidad and Tobago lagged somewhat behind, together accounting for a further 25%.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +87.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal welded link chain export price amounted to $X per ton, remaining constant against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2016 an increase of 18%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 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 the United Arab Emirates ($X per ton), while the average price for exports to Trinidad and Tobago ($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 the United Arab Emirates (+14.6%), 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 UK

Metal welded link chain imports into the UK contracted to X tons in 2021, waning by -10% against the previous year. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% 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 -6.8% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of 48%. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, metal welded link chain imports amounted to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 29% against the previous year. Imports peaked at $X in 2015; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X tons) constituted the largest metal welded link chain supplier to the UK, accounting for a 60% share of total imports. Moreover, metal welded link chain imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. South Africa (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+41.2% per year) and South Africa (+0.1% per year).

In value terms, China ($X) constituted the largest supplier of welded link chain of iron or steel to the UK, comprising 45% of total imports. The second position in the ranking was taken by Sweden ($X), with a 19% share of total imports. It was followed by South Africa, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+32.7% per year) and South Africa (+1.2% per year).

Import Prices by Country

The average metal welded link chain import price stood at $X per ton in 2021, surging by 15% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 17% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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