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

Market Size for Welded Link Chain Of Iron Or Steel

In 2021, the global metal welded link chain market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $X in 2012; afterwards, it flattened through to 2021.

Production of Welded Link Chain Of Iron Or Steel

In value terms, metal welded link chain production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 8.4%. Over the period under review, global production attained the peak level at $X in 2012; afterwards, it flattened through to 2021.

Exports of Welded Link Chain Of Iron Or Steel

Exports

Global metal welded link chain exports rose rapidly to X tons in 2021, increasing by 5.1% against the previous year. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 25%. The global exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal welded link chain exports soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The global exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 67% of total exports in 2021. Germany (X tons) held the second position in the ranking, followed by Spain (X tons). All these countries together took near 13% share of total exports. The Czech Republic (X tons), Italy (X tons), the United States (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal welded link chain exports from China stood at +1.2%. At the same time, Spain (+3.1%) and the Czech Republic (+1.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +3.1% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, Austria (-1.8%), the United States (-2.7%) and Germany (-3.0%) illustrated a downward trend over the same period. China (+4.1 p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal welded link chain supplier worldwide, comprising 46% of global exports. The second position in the ranking was taken by Germany ($X), with a 17% share of global exports. It was followed by Spain, with a 6% share.

In China, metal welded link chain exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-2.6% per year) and Spain (-1.5% per year).

Export Prices by Country

The average metal welded link chain export price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Czech Republic (+1.1%), while the other global leaders experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports

In 2021, supplies from abroad of welded link chain of iron or steel was 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 +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of global imports remained at a lower figure.

In value terms, metal welded link chain imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 24% against the previous year. Global imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons), distantly followed by Russia (X tons) represented the largest importers of welded link chain of iron or steel, together achieving 25% of total imports. Canada (X tons), China (X tons), Brazil (X tons), Australia (X tons), Germany (X tons), South Korea (X tons), the UK (X tons), Norway (X tons), the Netherlands (X tons), Chile (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of imports of welded link chain of iron or steel. At the same time, the Netherlands (+9.2%), South Korea (+5.5%), the United Arab Emirates (+5.4%), China (+3.9%), the UK (+3.9%), Australia (+3.8%), Norway (+2.4%), Brazil (+1.8%), Chile (+1.2%) and Russia (+1.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +9.2% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Canada (-1.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States decreased by -2.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported welded link chain of iron or steel worldwide, comprising 18% of global imports. The second position in the ranking was taken by China ($X), with an 8.1% share of global imports. It was followed by Germany, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to -2.7%. In the other countries, the average annual rates were as follows: China (+4.0% per year) and Germany (+1.9% per year).

Import Prices by Country

In 2021, the average metal welded link chain import price amounted to $X per ton, increasing by 10% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 ($X per ton), while Russia ($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 (+2.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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