Price for Chain and Parts Thereof, of Iron or Steel in the Czech Republic - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in the Czech Republic (FOB) - 2023
- Price for Chain and Parts Thereof, of Iron or Steel in the Czech Republic (CIF) - 2022
- Exports of Chain and Parts Thereof, of Iron or Steel in the Czech Republic
- Imports of Chain and Parts Thereof, of Iron or Steel in the Czech Republic
Price for Chain and Parts Thereof, of Iron or Steel in the Czech Republic (FOB) - 2023
The average export price for chain and parts thereof, of iron or steel stood at $7,265 per ton in December 2023, stabilizing at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in April 2023 an increase of 9.9% m-o-m. The export price peaked at $7,341 per ton in November 2023, and then contracted slightly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($10,523 per ton), while the average price for exports to Finland ($3,532 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in the Czech Republic (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $7,338 per ton, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2013 when the average import price increased by 23%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($11,566 per ton), while the price for Turkey ($2,647 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chain and Parts Thereof, of Iron or Steel in the Czech Republic
Exports of chain and parts thereof, of iron or steel from the Czech Republic reduced to 22K tons in 2022, dropping by -3.2% compared with the previous year's figure. Overall, exports showed a mild descent. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year.
In value terms, exports of chain and parts thereof, of iron or steel rose slightly to $120M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Chain and Parts Thereof, of Iron or Steel in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 30.4 | 24.2 | 28.9 | 31.0 | 0.7% |
| Austria | 17.3 | 15.4 | 15.9 | 12.9 | -9.3% |
| United States | 4.8 | 5.4 | 7.9 | 9.1 | 23.8% |
| Poland | 7.3 | 6.2 | 8.3 | 9.1 | 7.6% |
| Italy | 8.4 | 7.1 | 7.7 | 8.9 | 1.9% |
| France | 5.3 | 4.1 | 3.9 | 7.0 | 9.7% |
| Slovakia | 4.5 | 3.6 | 5.1 | 5.4 | 6.3% |
| Finland | 1.0 | 1.5 | 2.9 | 3.5 | 51.8% |
| Spain | 2.8 | 1.8 | 2.7 | 3.0 | 2.3% |
| United Kingdom | 1.8 | 1.8 | 2.9 | 2.7 | 14.5% |
| Sweden | 2.1 | 2.1 | 2.0 | 2.5 | 6.0% |
| Netherlands | 1.3 | 1.5 | 1.5 | 2.1 | 17.3% |
| Norway | 1.4 | 1.0 | 1.6 | 1.5 | 2.3% |
| Others | 19.9 | 18.1 | 24.1 | 21.6 | 2.8% |
| Total | 108 | 93.8 | 115 | 120 | 3.6% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from the Czech Republic in 2022:
- Germany (5.6K tons)
- Austria (2.2K tons)
- Poland (2.1K tons)
- United States (1.7K tons)
- Italy (1.5K tons)
- Finland (1.1K tons)
- France (1.0K tons)
- Slovakia (0.7K tons)
- United Kingdom (0.6K tons)
- Spain (0.5K tons)
- Netherlands (0.4K tons)
- Sweden (0.4K tons)
- Norway (0.4K tons)
Imports of Chain and Parts Thereof, of Iron or Steel in the Czech Republic
In 2022, imports of chain and parts thereof, of iron or steel into the Czech Republic shrank to 9.8K tons, declining by -8.2% against the year before. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year.
In value terms, imports of chain and parts thereof, of iron or steel contracted to $71M in 2022. The total import value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 34%. As a result, imports attained the peak of $72M, and then contracted in the following year.
| Import of Chain and Parts Thereof, of Iron or Steel in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.6 | 16.8 | 21.6 | 21.9 | 9.7% |
| China | 10.2 | 6.4 | 9.0 | 10.8 | 1.9% |
| Japan | 11.0 | 5.6 | 10.8 | 8.0 | -10.1% |
| Italy | 6.3 | 4.7 | 5.8 | 6.3 | 0.0% |
| Netherlands | 2.3 | 3.8 | 5.0 | 5.5 | 33.7% |
| Austria | 6.0 | 4.1 | 4.7 | 2.1 | -29.5% |
| Taiwan (Chinese) | 1.8 | 1.1 | 1.6 | 2.0 | 3.6% |
| France | 2.4 | 2.6 | 2.9 | 2.0 | -5.9% |
| Poland | 1.6 | 1.2 | 1.3 | 1.6 | 0.0% |
| Slovenia | 0.9 | 0.8 | 1.1 | 1.1 | 6.9% |
| Slovakia | 0.9 | 0.8 | 0.6 | 1.0 | 3.6% |
| Ukraine | 1.3 | 0.7 | 0.7 | 0.9 | -11.5% |
| Turkey | 0.4 | 0.3 | 0.6 | 0.5 | 7.7% |
| Others | 7.3 | 5.1 | 6.6 | 7.6 | 1.4% |
| Total | 69.0 | 54.0 | 72.3 | 71.3 | 1.1% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to the Czech Republic in 2022:
- China (2689.6 tons)
- Germany (2475.4 tons)
- Japan (778.9 tons)
- Italy (653.4 tons)
- Netherlands (484.7 tons)
- Austria (444.2 tons)
- France (343.8 tons)
- Ukraine (308.7 tons)
- Slovenia (266.8 tons)
- Poland (229.3 tons)
- Turkey (194.9 tons)
- Taiwan (Chinese) (172.7 tons)
- Slovakia (151.8 tons)
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