Metal Skid Chain Market

The global metal skid chain market is forecasted to see a slight increase in consumption and value terms from 2022 to 2030. Key countries like China, the United States, and Russia lead in consumption and production. Import and export trends show significant growth, with China dominating exports and the United States leading imports. The average price per ton for imports and exports varies among major countries, with Germany having the highest export price. Overall, the market is expected to see moderate growth over the next few years.

Market Forecast

Driven by rising demand for metal skid chain worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.7% for the period from 2022 to 2030, which is projected to bring the market volume to 153K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market value to $931M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Iron Or Steel Skid Chain

In 2022, approx. 146K tons of iron or steel skid chain were consumed worldwide; shrinking by -4.6% on 2021 figures. Overall, consumption saw a pronounced decline. The most prominent rate of growth was recorded in 2021 when the consumption volume increased by 7.8%. Global consumption peaked at 234K tons in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

The global metal skid chain market revenue totaled $738M in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a pronounced curtailment. The pace of growth was the most pronounced in 2021 when the market value increased by 1% against the previous year. Global consumption peaked at $1.2B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (20K tons), the United States (18K tons) and Russia (18K tons), together accounting for 39% of global consumption. India, France, Indonesia, Canada, Brazil, Italy, the UK, Bangladesh, Mexico and Lithuania lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Lithuania (with a CAGR of +37.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, India ($87M), Russia ($76M) and the United States ($50M) were the countries with the highest levels of market value in 2022, together accounting for 29% of the global market. The UK, China, France, Brazil, Mexico, Italy, Canada, Indonesia, Lithuania and Bangladesh lagged somewhat behind, together accounting for a further 32%.

In terms of the main consuming countries, Lithuania, with a CAGR of +36.5%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of metal skid chain per capita consumption was registered in Lithuania (902 kg per 1000 persons), followed by Russia (125 kg per 1000 persons), Canada (109 kg per 1000 persons) and France (79 kg per 1000 persons), while the world average per capita consumption of metal skid chain was estimated at 18 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the metal skid chain per capita consumption in Lithuania amounted to +38.8%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Russia (-10.0% per year) and Canada (+6.7% per year).

Production

World Production of Iron Or Steel Skid Chain

In 2022, approx. 153K tons of iron or steel skid chain were produced worldwide; waning by -2.2% compared with 2021 figures. In general, production recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by 7.8% against the previous year. Over the period under review, global production attained the peak volume at 241K tons in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In value terms, metal skid chain production totaled $722M in 2022 estimated in export price. Overall, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 2.4%. Global production peaked at $1.5B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

The country with the largest volume of metal skid chain production was China (63K tons), comprising approx. 41% of total volume. Moreover, metal skid chain production in China exceeded the figures recorded by the second-largest producer, Russia (14K tons), fivefold. The third position in this ranking was held by India (13K tons), with an 8.4% share.

In China, metal skid chain production declined by an average annual rate of -2.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (-12.1% per year) and India (-2.4% per year).

Imports

World Imports of Iron Or Steel Skid Chain

In 2022, global metal skid chain imports soared to 75K tons, growing by 33% against the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, global imports reached the maximum at 79K tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal skid chain imports skyrocketed to $325M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, global imports hit record highs at $334M in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, the United States (19K tons) represented the largest importer of iron or steel skid chain, constituting 26% of total imports. Canada (5K tons) ranks second in terms of the total imports with a 6.7% share, followed by France (6.1%), Russia (5.5%), Sweden (5.4%) and Italy (5.3%). Norway (2.9K tons), Lithuania (2.9K tons), Germany (2.3K tons), Japan (2.3K tons), Poland (2.2K tons), Slovenia (2K tons) and Chile (1.9K tons) held a minor share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of iron or steel skid chain. At the same time, Poland (+11.6%), Russia (+10.7%), Slovenia (+8.6%), France (+8.5%), Canada (+5.1%) and Lithuania (+1.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +11.6% from 2012-2022. Chile and Germany experienced a relatively flat trend pattern. By contrast, Sweden (-1.3%), Japan (-3.5%), Norway (-4.4%) and Italy (-11.4%) illustrated a downward trend over the same period. While the share of Russia (+3.6 p.p.), France (+3.5 p.p.), the United States (+3 p.p.), Canada (+2.8 p.p.), Poland (+2 p.p.) and Slovenia (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Norway (-1.9 p.p.) and Italy (-11.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal skid chain importing markets worldwide were the United States ($52M), France ($33M) and Russia ($24M), together comprising 34% of global imports. Italy, Canada, Germany, Sweden, Norway, Poland, Chile, Japan, Lithuania and Slovenia lagged somewhat behind, together comprising a further 37%.

Among the main importing countries, Poland, with a CAGR of +12.2%, saw the highest growth rate of 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 skid chain import price stood at $4,344 per ton in 2022, shrinking by -7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 13%. Global import price peaked at $4,672 per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($7,284 per ton), while Lithuania ($2,407 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Iron Or Steel Skid Chain

Global metal skid chain exports skyrocketed to 82K tons in 2022, rising by 36% compared with the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the global exports attained the maximum at 86K tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal skid chain exports surged to $335M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. The global exports peaked at $361M in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

China dominates exports structure, accounting for 42K tons, which was approx. 51% of total exports in 2022. Germany (6.2K tons) ranks second in terms of the total exports with a 7.5% share, followed by Austria (6.7%), the Czech Republic (5.8%) and Lithuania (5.3%). The following exporters - Norway (3.6K tons), Sweden (2.5K tons), Slovenia (2.3K tons), Romania (2K tons) and Finland (1.6K tons) - together made up 15% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of iron or steel skid chain. At the same time, Slovenia (+10.0%), the Czech Republic (+9.5%), Lithuania (+1.9%) and Germany (+1.0%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.0% from 2012-2022. Finland and Romania experienced a relatively flat trend pattern. By contrast, Sweden (-1.4%), Austria (-1.6%) and Norway (-3.8%) illustrated a downward trend over the same period. While the share of the Czech Republic (+3.6 p.p.), China (+2.4 p.p.) and Slovenia (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Norway (-1.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($102M) remains the largest metal skid chain supplier worldwide, comprising 31% of global exports. The second position in the ranking was held by Germany ($51M), with a 15% share of global exports. It was followed by Austria, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Germany (+0.1% per year) and Austria (-1.1% per year).

Export Prices By Country

The average metal skid chain export price stood at $4,056 per ton in 2022, reducing by -8.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 16%. The global export price peaked at $4,606 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($8,224 per ton), while China ($2,416 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform