Price for Chain; Articulated Link, Roller, of Iron or Steel in Belgium - 2023

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Belgium (CIF) - 2022
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Belgium (FOB) - 2023
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Belgium
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Belgium

Price for Chain; Articulated Link, Roller, of Iron or Steel in Belgium (CIF) - 2022

In 2022, the average import price for chain; articulated link, roller, of iron or steel amounted to $7,846 per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2013 when the average import price increased by 50%. As a result, import price reached the peak level of $10,529 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 ($17,933 per ton), while the price for Germany ($4,543 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Belgium (FOB) - 2023

The average export price for chain; articulated link, roller, of iron or steel stood at $28,242 per ton in October 2023, rising by 80% against the previous month. Overall, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in September 2023 an increase of 125% m-o-m. The export price peaked in October 2023.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the United States ($94,933 per ton), while the average price for exports to Turkey ($8,664 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Belgium

For the fourth consecutive year, Belgium recorded growth in supplies from abroad of chain; articulated link, roller, of iron or steel, which increased by 13% to 4.1K tons in 2022. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 42%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of chain; articulated link, roller, of iron or steel rose rapidly to $32M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.7% 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 +67.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Belgium in 2022:

1. China (1565.9 tons)
2. Germany (1080.7 tons)
3. Netherlands (631.3 tons)
4. Taiwan (Chinese) (246.5 tons)
5. Japan (222.3 tons)
6. Italy (109.4 tons)
7. France (68.3 tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Belgium

Exports of chain; articulated link, roller, of iron or steel from Belgium was estimated at 2.2K tons in 2022, standing approx. at 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 97% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of chain; articulated link, roller, of iron or steel stood at $20M in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 74%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Belgium in 2022:

1. France (624.8 tons)
2. Turkey (425.5 tons)
3. Spain (161.7 tons)
4. Germany (143.7 tons)
5. United States (99.5 tons)
6. Italy (87.5 tons)
7. Slovenia (82.6 tons)
8. Netherlands (65.2 tons)
9. Poland (52.6 tons)
10. Romania (37.8 tons)
11. Czech Republic (35.1 tons)
12. United Kingdom (28.5 tons)

Source: IndexBox Market Intelligence Platform