Eastern Europe: Metal Chain Market 2024

Metal Chain Market Size in Eastern Europe

The East European metal chain market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal Chain Production in Eastern Europe

In value terms, metal chain production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Metal Chain Exports

Exports in Eastern Europe

In 2022, the amount of iron or steel chain exported in Eastern Europe fell to X tons, waning by X% on the previous year. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal chain exports shrank to $X in 2022. Over the period under review, exports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Russia (X tons), distantly followed by the Czech Republic (X tons), Poland (X tons) and Hungary (X tons) were the largest exporters of iron or steel chain, together constituting X% of total exports. Lithuania (X tons) and Ukraine (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest metal chain supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Russia ($X), with a combined X% share of total exports. Hungary, Lithuania and Ukraine lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Metal Chain Imports

Imports in Eastern Europe

After two years of decline, overseas purchases of iron or steel chain increased by X% to X tons in 2022. In general, imports, however, saw a slight shrinkage. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal chain imports rose remarkably to $X in 2022. Over the period under review, imports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland represented the largest importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Russia (X tons), Slovakia (X tons), Romania (X tons), Hungary (X tons), the Czech Republic (X tons) and Bulgaria (X tons), together creating a X% share of total imports.

Imports into Poland decreased at an average annual rate of X% from 2012 to 2022. At the same time, Slovakia (X%), Hungary (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%), Romania (X%) and Russia (X%) illustrated a downward trend over the same period. Slovakia (X p.p.), Hungary (X p.p.) and Bulgaria (X p.p.) significantly strengthened its position in terms of the total imports, while Romania and Russia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal chain importing markets in Eastern Europe were Poland ($X), Russia ($X) and Slovakia ($X), with a combined X% share of total imports.

Among the main importing countries, Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform