Slovakia: Metal Link Chain Market 2022

Metal Link Chain Market Size in Slovakia

For the third consecutive year, the Slovak metal link chain market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption saw a prominent increase. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Metal Link Chain Exports

Exports from Slovakia

In 2021, after four years of growth, there was significant decline in shipments abroad of iron or steel articulated link chain, when their volume decreased by -X% to X tons. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, metal link chain exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons), the Czech Republic (X tons) and Austria (X tons) were the main destinations of metal link chain exports from Slovakia, together comprising X% of total exports. China, Hungary, Romania and Ukraine lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Austria ($X) and Poland ($X) were the largest markets for metal link chain exported from Slovakia worldwide, together comprising X% of total exports.

China, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Slovakia

For the third consecutive year, Slovakia recorded growth in purchases abroad of iron or steel articulated link chain, which increased by X% to X tons in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, metal link chain imports surged to $X in 2021. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of metal link chain to Slovakia, with a X% share of total imports. Moreover, metal link chain imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was occupied by South Korea (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and South Korea (+X% per year).

In value terms, Germany ($X), South Korea ($X) and China ($X) constituted the largest metal link chain suppliers to Slovakia, with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of +X%, saw 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 2021, the average metal link chain import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform