Europe: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in Europe

In 2023, the Europe metal welded link chain market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then fell in the following year.

Production of Welded Link Chain Of Iron Or Steel in Europe

In value terms, metal welded link chain production shrank to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Exports of Welded Link Chain Of Iron Or Steel

Exports in Europe

Metal welded link chain exports stood at X tons in 2023, surging by X% compared with 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, metal welded link chain exports surged to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) and Germany (X tons) represented the major exporters of welded link chain of iron or steel in 2023, resulting at near X% and X% of total exports, respectively. The Czech Republic (X tons) held the next position in the ranking, followed by Italy (X tons). All these countries together held near X% share of total exports. Greece (X tons), Austria (X tons), Sweden (X tons), Poland (X tons), the Netherlands (X tons), France (X tons), Norway (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest metal welded link chain supplying countries in Europe were Germany ($X), Spain ($X) and the Czech Republic ($X), together accounting for X% of total exports. Austria, Italy, the Netherlands, Poland, Sweden, France, Greece, Belgium and Norway lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports in Europe

In 2023, purchases abroad of welded link chain of iron or steel decreased by X% to X tons for the first time since 2016, thus ending a six-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then shrank slightly in the following year.

In value terms, metal welded link chain imports contracted to $X in 2023. Total imports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then declined in the following year.

Imports by Country

The purchases of the twelve major importers of welded link chain of iron or steel, namely Russia, Greece, Germany, France, the UK, the Netherlands, Italy, Norway, Poland, Belgium, Sweden and the Czech Republic, represented more than two-thirds of total import. Spain (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Greece (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported welded link chain of iron or steel in Europe, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

In Germany, metal welded link chain imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the UK (X% per year) and Russia (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform