Metal Chain Parts Market

Metal chain parts market: find recently published information provided by an Ai-driven BI tool. Statistics include trade, exports, companies, consumption, market size, market prices, imports, and production. Here is a breakdown by region, including the Middle East, the U.K., EU, Russia, Latin America, the U.S., Africa, and China. Market trends and outlook to 2030 are also provided in the dashboards.

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Metal Chain Parts - World's Largest Markets

In value terms, China, India and Japan constituted the countries with the highest levels of market value in 2020, with a combined 27% share of the global market. These countries were followed by the United States, Russia, Bangladesh, Germany, Canada, Turkey, Taiwan (Chinese), Indonesia, Austria and Ethiopia, which together accounted for a further 29%.

Among the main consuming countries, Canada saw the highest rates of growth with regard to market size, over the period under review, while metal chain parts market for the other global leaders experienced more modest paces of growth.

Metal Chain Parts Prices

Metal Chain Parts - Top Importers

In value terms, the United States ($39M) constitutes the largest market for imported parts of chains of iron or steel worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Canada ($18M), with a 6.7% share of global imports. It was followed by Germany, with a 5.7% share.

From 2018 to 2020, the average annual growth rate of value in the United States amounted to -5.8%. In the other countries, the average annual rates were as follows: Canada (+28.7% per year) and Germany (+15.9% per year).

Metal Chain Parts - Top Exporters

In value terms, Germany ($47M) remains the largest metal chain parts supplier worldwide, comprising 24% of global exports. The second position in the ranking was occupied by China ($22M), with a 11% share of global exports. It was followed by the United States, with a 10% share.

In Germany, metal chain parts exports decreased by an average annual rate of -9.4% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: China (+7.8% per year) and the United States (-14.9% per year).

Metal Chain Parts - Market Forecast

The metal chain parts market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.2% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Metal Chain Parts - Product Coverage

• HS 731590 - Chain; parts n.e.s. in heading no. 7315, of iron or steel