Northern America: Metal Skid Chain Market 2023

Metal Skid Chain Exports

Exports in Northern America

In 2021, overseas shipments of iron or steel skid chain were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal skid chain exports declined to $X in 2021. Over the period under review, exports, however, saw a perceptible decrease. The growth pace was the most rapid in 2017 with an increase of 23%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United States (X tons), followed by Canada (X tons) represented the major exporters of iron or steel skid chain, together achieving 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of -4.8%).

In value terms, the largest metal skid chain supplying countries in Northern America were the United States ($X) and Canada ($X).

Canada, with a CAGR of -4.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, declining by -2.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 13% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.4%).

Metal Skid Chain Imports

Imports in Northern America

In 2021, metal skid chain imports in Northern America rose markedly to X tons, with an increase of 11% against the previous year. In general, imports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2017 when imports increased by 45% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, metal skid chain imports soared to $X in 2021. Overall, imports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 when imports increased by 43%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States was the main importer of iron or steel skid chain in Northern America, with the volume of imports recording X tons, which was approx. 79% of total imports in 2021. It was distantly followed by Canada (X tons), achieving a 20% share of total imports.

Imports into the United States decreased at an average annual rate of -4.5% from 2012 to 2021. Canada experienced a relatively flat trend pattern. While the share of Canada (+6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-6.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel skid chain in Northern America, comprising 69% of total imports. The second position in the ranking was taken by Canada ($X), with a 29% share of total imports.

In the United States, metal skid chain imports shrank by an average annual rate of -4.7% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, with an increase of 5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 20% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.3%).

Source: IndexBox Market Intelligence Platform

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