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

Market Size for Welded Link Chain Of Iron Or Steel in the EU

In 2023, after two years of growth, there was significant decline in the EU metal welded link chain market, when its value decreased by X% to $X. The total consumption indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Welded Link Chain Of Iron Or Steel in the EU

In value terms, metal welded link chain production dropped to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced 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 reduced in the following year.

Exports of Welded Link Chain Of Iron Or Steel

Exports in the EU

In 2023, approx. X tons of welded link chain of iron or steel were exported in the European Union; growing by X% on 2022 figures. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

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 key exporters of welded link chain of iron or steel in 2023, finishing at approx. X% and X% of total exports, respectively. The Czech Republic (X tons) ranks next in terms of the total exports with a X% share, followed by Italy (X%) and Greece (X%). Austria (X tons), Sweden (X tons), Poland (X tons), the Netherlands (X tons), France (X tons) and Belgium (X tons) held a relatively small share of total exports.

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

In value terms, Germany ($X), Spain ($X) and the Czech Republic ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports. Austria, Italy, the Netherlands, Poland, Sweden, France, Greece and Belgium lagged somewhat behind, together accounting for a further X%.

Among 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 the European Union amounted to $X per ton, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

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 the EU

In 2023, after two years of growth, there was decline in supplies from abroad of welded link chain of iron or steel, when their volume decreased by X% to X tons. The total import volume 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X tons in 2022, and then reduced modestly in the following year.

In value terms, metal welded link chain imports amounted to $X in 2023. Total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in the immediate term.

Imports by Country

In 2023, Greece (X tons), Germany (X tons), France (X tons), the Netherlands (X tons), Italy (X tons), Poland (X tons), Belgium (X tons), Sweden (X tons), the Czech Republic (X tons) and Spain (X tons) was the key importer of welded link chain of iron or steel in the European Union, mixing up X% of total import. Finland (X tons) took a little share of total imports.

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

In value terms, Germany ($X) constitutes the largest market for imported welded link chain of iron or steel in the European Union, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: France (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the maximum in 2023 and is likely to see steady growth in years to come.

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 ($X per ton), while Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform