Price for Chain and Parts Thereof, of Iron or Steel in Belgium - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Belgium (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Belgium (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Belgium
- Exports of Chain and Parts Thereof, of Iron or Steel in Belgium
Price for Chain and Parts Thereof, of Iron or Steel in Belgium (CIF) - 2022
The average import price for chain and parts thereof, of iron or steel stood at $5,616 per ton in 2022, growing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 an increase of 17%. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($9,932 per ton), while the price for China ($3,232 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Belgium (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $7,316 per ton in 2022, growing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 29%. Over the period under review, the average export prices hit record highs at $8,174 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 the United States ($17,365 per ton), while the average price for exports to the Czech Republic ($5,437 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 China (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Belgium
In 2022, approx. 13K tons of chain and parts thereof, of iron or steel were imported into Belgium; therefore, remained relatively stable against the previous year. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel reached $75M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Chain and Parts Thereof, of Iron or Steel in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 9.4 | 14.7 | 16.7 | 34.9% |
| Germany | 13.9 | 11.3 | 11.9 | 15.5 | 3.7% |
| Netherlands | 9.1 | 8.9 | 12.3 | 12.5 | 11.2% |
| Japan | 4.1 | 3.9 | 6.0 | 5.6 | 11.0% |
| France | 4.0 | 4.4 | 5.9 | 4.6 | 4.8% |
| Sweden | 1.2 | 1.4 | 3.2 | 3.7 | 45.5% |
| Italy | 2.2 | 2.2 | 2.6 | 2.5 | 4.4% |
| Indonesia | 0.4 | 0.8 | 1.1 | 2.3 | 79.2% |
| India | 0.3 | 1.8 | 1.2 | 0.7 | 32.6% |
| Others | 6.5 | 8.3 | 8.1 | 10.4 | 17.0% |
| Total | 48.5 | 52.3 | 67.0 | 74.5 | 15.4% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Belgium in 2022:
- China (5.2K tons)
- Germany (2.5K tons)
- Netherlands (1.4K tons)
- France (0.9K tons)
- Sweden (0.7K tons)
- Japan (0.6K tons)
- Indonesia (0.5K tons)
- Italy (0.3K tons)
- India (0.2K tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Belgium
In 2022, overseas shipments of chain and parts thereof, of iron or steel decreased by -1.3% to 8.8K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 22%.
In value terms, exports of chain and parts thereof, of iron or steel expanded rapidly to $64M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Chain and Parts Thereof, of Iron or Steel in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.8 | 11.2 | 12.7 | 13.8 | 26.6% |
| China | N/A | 0.1 | N/A | 7.0 | 736.7% |
| Germany | 5.1 | 5.2 | 5.4 | 5.8 | 4.4% |
| Netherlands | 3.2 | 3.0 | 3.3 | 3.6 | 4.0% |
| United Kingdom | 2.0 | 2.1 | 5.5 | 3.5 | 20.5% |
| Spain | 2.0 | 2.2 | 2.5 | 3.4 | 19.3% |
| Turkey | 0.5 | 2.3 | 3.5 | 3.2 | 85.7% |
| Italy | 1.6 | 1.9 | 2.7 | 2.8 | 20.5% |
| United States | 1.0 | 1.4 | 1.4 | 2.3 | 32.0% |
| Poland | 1.2 | 1.6 | 1.7 | 2.1 | 20.5% |
| Denmark | 1.1 | 0.7 | 1.1 | 1.7 | 15.6% |
| Portugal | 0.4 | 0.6 | 1.0 | 1.1 | 40.1% |
| Czech Republic | 0.3 | 0.4 | 0.6 | 0.8 | 38.7% |
| Others | 8.8 | 13.0 | 15.3 | 13.2 | 14.5% |
| Total | 34.1 | 45.7 | 56.8 | 64.3 | 23.5% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Belgium in 2022:
- France (1943.5 tons)
- Germany (909.0 tons)
- Netherlands (644.6 tons)
- Spain (566.6 tons)
- Turkey (553.6 tons)
- China (504.8 tons)
- United Kingdom (449.4 tons)
- Italy (410.9 tons)
- Poland (323.8 tons)
- Denmark (233.6 tons)
- Portugal (160.6 tons)
- Czech Republic (153.7 tons)
- United States (134.6 tons)
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