Overview of the Global Market for Iron Or Steel Parts Of Articulated Link Chain

Market Size for Iron Or Steel Parts Of Articulated Link Chain

The global metal link chain parts market was finally on the rise to reach $X in 2021, after four years of decline. In general, consumption showed a abrupt setback. Over the period under review, the global market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain

In value terms, metal link chain parts production reached $X in 2021 estimated in export price. In general, production, however, recorded a abrupt setback. Global production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports

In 2021, approx. X tons of iron or steel parts of articulated link chain were exported worldwide; rising by 38% against the previous year. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +10.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.2% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain parts exports surged to $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.4% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X tons, which was approx. 57% of total exports in 2021. Japan (X tons) ranks second in terms of the total exports with a 6.9% share, followed by the United States (6.2%), Germany (5.2%) and Taiwan (Chinese) (5.2%). The following exporters - Singapore (X tons) and Thailand (X tons) - each amounted to a 7.5% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal link chain parts exports from China stood at +13.2%. At the same time, Singapore (+23.6%), Germany (+16.8%), Thailand (+10.8%), Taiwan (Chinese) (+10.2%), the United States (+6.4%) and Japan (+2.0%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.6% from 2012-2021. While the share of China (+12 p.p.), Singapore (+2.5 p.p.) and Germany (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the United States (-2.3 p.p.) and Japan (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal link chain parts supplying countries worldwide were China ($X), Japan ($X) and Germany ($X), together accounting for 60% of global exports. The United States, Taiwan (Chinese), Singapore and Thailand lagged somewhat behind, together accounting for a further 19%.

Singapore, with a CAGR of +16.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 0.7% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.2%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports

In 2021, overseas purchases of iron or steel parts of articulated link chain were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain parts imports surged to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), distantly followed by Mexico (X tons), Germany (X tons), China (X tons), Thailand (X tons), Japan (X tons) and Pakistan (X tons) were the key importers of iron or steel parts of articulated link chain, together generating 52% of total imports. Malaysia (X tons), Saudi Arabia (X tons), Canada (X tons), India (X tons), South Korea (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal link chain parts imports into the United States stood at +5.5%. At the same time, Pakistan (+54.8%), Saudi Arabia (+33.3%), Mexico (+13.9%), South Korea (+12.8%), India (+7.2%), France (+5.5%), Thailand (+3.6%), Germany (+3.3%), Japan (+2.6%) and Canada (+2.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in the world, with a CAGR of +54.8% from 2012-2021. By contrast, Malaysia (-3.8%) and China (-4.5%) illustrated a downward trend over the same period. Pakistan (+4.6 p.p.), Mexico (+4.2 p.p.), Saudi Arabia (+3.5 p.p.), the United States (+2.2 p.p.) and South Korea (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Malaysia and China saw its share reduced by -4.3% and -6.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Mexico ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 32% share of global imports. Germany, Thailand, Japan, France, South Korea, Canada, India, Pakistan, Malaysia and Saudi Arabia lagged somewhat behind, together comprising a further 32%.

Pakistan, with a CAGR of +55.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal link chain parts import price amounted to $X per ton, increasing by 6.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Saudi Arabia ($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 (+7.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :