United Kingdom - Iron Or Steel Chain - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Chain Price in the UK - 2023
Contents:
- Metal Chain Price in the UK (CIF) - 2023
- Metal Chain Price in the UK (FOB) - 2022
- Metal Chain Imports in the UK
- Metal Chain Exports in the UK
Metal Chain Price in the UK (CIF) - 2023
In June 2023, the average metal chain import price amounted to $5,199 per ton, surging by 13% against the previous month. In general, the import price, however, showed a slight slump. The growth pace was the most rapid in March 2023 when the average import price increased by 129% against the previous month. As a result, import price attained the peak level of $6,621 per ton. From April 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($14,057 per ton), while the price for Ireland ($2,944 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Chain Price in the UK (FOB) - 2022
In 2022, the average metal chain export price amounted to $9,517 per ton, surging by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a slight downturn. The export price peaked at $12,481 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($19,339 per ton), while the average price for exports to Greenland ($4,223 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 Belgium (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Chain Imports in the UK
For the fourth consecutive year, the UK recorded growth in overseas purchases of iron or steel chain, which increased by 30% to 8.5K tons in 2022. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 129%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, metal chain imports soared to $26M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Metal Chain in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.8 | 12.1 | 7.3 | 10.4 | 54.9% |
| South Africa | 0.1 | N/A | 1.4 | 3.7 | 233.2% |
| Taiwan (Chinese) | N/A | 0.2 | 0.7 | 2.9 | 280.8% |
| Sweden | 0.1 | N/A | 0.1 | 1.6 | 152.0% |
| Italy | 0.1 | 0.2 | 0.1 | 1.5 | 146.6% |
| Vietnam | N/A | N/A | 0.5 | 1.2 | 140.0% |
| France | 0.7 | 0.8 | 0.1 | 0.8 | 4.6% |
| Netherlands | 3.7 | 2.5 | 2.3 | 0.7 | -42.6% |
| Norway | 0.5 | 0.2 | 0.2 | 0.2 | -26.3% |
| Belgium | 2.5 | 1.4 | 2.5 | 0.1 | -65.8% |
| Others | 2.5 | 2.0 | 3.1 | 2.8 | 3.8% |
| Total | 13.0 | 19.4 | 18.4 | 26.0 | 26.0% |
Top Suppliers of Metal Chain to the UK in 2022:
- China (5151.2 tons)
- South Africa (1003.0 tons)
- Taiwan (Chinese) (593.8 tons)
- Sweden (367.5 tons)
- Vietnam (365.7 tons)
- France (164.4 tons)
- Italy (160.1 tons)
- Netherlands (123.2 tons)
- Norway (49.5 tons)
- Belgium (31.7 tons)
Metal Chain Exports in the UK
In 2022, the amount of iron or steel chain exported from the UK expanded sharply to 538 tons, increasing by 11% compared with the year before. Over the period under review, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 20%.
In value terms, metal chain exports surged to $5.1M in 2022. Overall, exports, however, continue to indicate a drastic downturn.
| Export of Metal Chain in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 517 | 41.9 | 51.6 | 905 | 20.5% |
| Mexico | 14.0 | 3.7 | 9.7 | 611 | 252.1% |
| Faroe Islands | 427 | 315 | 487 | 516 | 6.5% |
| Iceland | 90.7 | 34.8 | 102 | 469 | 72.9% |
| France | 264 | 85.0 | 52.2 | 286 | 2.7% |
| Ireland | 269 | 234 | 240 | 263 | -0.7% |
| China | 21.7 | 123 | 10.1 | 250 | 125.9% |
| United States | 1,326 | 791 | 241 | 178 | -48.8% |
| Netherlands | 296 | 257 | 197 | 167 | -17.4% |
| Greenland | 131 | 143 | 134 | 148 | 4.2% |
| Denmark | 222 | 33.7 | 112 | 144 | -13.4% |
| Belgium | 66.6 | 153 | 49.6 | 124 | 23.0% |
| Kenya | N/A | N/A | N/A | 85.2 | 0% |
| Others | 2,536 | 1,385 | 2,085 | 973 | -27.3% |
| Total | 6,181 | 3,601 | 3,773 | 5,120 | -6.1% |
Top Export Markets for Metal Chain from the UK in 2022:
- Faroe Islands (115.5 tons)
- Iceland (67.0 tons)
- Norway (46.8 tons)
- France (45.3 tons)
- Mexico (36.1 tons)
- Greenland (34.9 tons)
- Ireland (29.1 tons)
- Netherlands (23.0 tons)
- Denmark (19.1 tons)
- Kenya (14.7 tons)
- Belgium (14.1 tons)
- China (14.0 tons)
- United States (12.5 tons)
This report provides an in-depth analysis of the metal chain market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931750 - Iron or steel chain excluding articulated link chain, skid chain, s tud-link and welded link chain - chain saws, or other articles in which chains play a subsidiary role, surveying chains
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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845
In value terms, transmission shafts and cranks exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some not...
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