Overview of the Global Market for Iron Or Steel Parts Of Articulated Link Chain

Market Size for Iron Or Steel Parts Of Articulated Link Chain

In 2023, after two years of growth, there was significant decline in the global metal link chain parts market, when its value decreased by X% to $X. Overall, consumption recorded a drastic downturn. Global consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Iron Or Steel Parts Of Articulated Link Chain

In value terms, metal link chain parts production totaled $X in 2023 estimated in export price. Over the period under review, production saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global production reached the peak level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports

In 2023, shipments abroad of iron or steel parts of articulated link chain decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum at X tons in 2022, and then fell in the following year.

In value terms, metal link chain parts exports shrank to $X in 2023. In general, total exports indicated a strong 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. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The global exports peaked at $X in 2022, and then shrank in the following year.

Exports by Country

China prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Japan (X tons), the United States (X tons), Germany (X tons) and Taiwan (Chinese) (X tons), together committing a X% share of total exports. Singapore (X tons), Thailand (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to metal link chain parts exports from China stood at X%. At the same time, Singapore (X%), Germany (X%), Taiwan (Chinese) (X%), the United States (X%), Thailand (X%) and Japan (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Italy experienced a relatively flat trend pattern. From 2012 to 2023, the share of China, Germany and Singapore increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal link chain parts supplying countries worldwide were China ($X), Japan ($X) and Germany ($X), with a combined X% share of global exports.

Among the main exporting countries, Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average metal link chain parts export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The global export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports

For the fourth year in a row, the global market recorded growth in supplies from abroad of iron or steel parts of articulated link chain, which increased by X% to X tons in 2023. In general, total imports indicated a measured expansion from 2012 to 2023: its volume 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 2018 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.

In value terms, metal link chain parts imports contracted to $X in 2023. Over the period under review, total imports indicated a pronounced increase 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs at $X in 2022, and then dropped in the following year.

Imports by Country

The United States (X tons) and Mexico (X tons) represented roughly X% of total imports in 2023. Pakistan (X tons) took the next position in the ranking, followed by China (X tons), Germany (X tons), Thailand (X tons), Malaysia (X tons), Japan (X tons) and Singapore (X tons). All these countries together took near X% share of total imports. Canada (X tons), South Korea (X tons), India (X tons) and Romania (X tons) took a minor share of total imports.

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

In value terms, the United States ($X), Mexico ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of global imports. China, Thailand, Romania, Japan, Pakistan, South Korea, Canada, India, Malaysia and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average metal link chain parts import price stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Global import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform