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

Market Size for Welded Link Chain Of Iron Or Steel in Germany

After three years of growth, the German metal welded link chain market decreased by X% to $X in 2023. In general, consumption, however, enjoyed a resilient increase. Over the period under review, the market attained the maximum level at $X in 2022, and then dropped significantly in the following year.

Production of Welded Link Chain Of Iron Or Steel in Germany

In value terms, metal welded link chain production reduced to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Germany

Metal welded link chain exports from Germany stood at X tons in 2023, approximately equating the previous year. Over the period under review, exports, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, metal welded link chain exports expanded markedly to $X in 2023. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for metal welded link chain exports from Germany, accounting for a X% share of total exports. Moreover, metal welded link chain exports to China exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) remains the key foreign market for welded link chain of iron or steel exports from Germany, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average metal welded link chain export price stood at $X per ton in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports into Germany

In 2023, supplies from abroad of welded link chain of iron or steel decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2022, and then contracted in the following year.

In value terms, metal welded link chain imports fell slightly to $X in 2023. Overall, total imports indicated noticeable growth 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 2016 indices. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then contracted in the following year.

Imports by Country

China (X tons), the Czech Republic (X tons) and Austria (X tons) were the main suppliers of metal welded link chain imports to Germany, together accounting for X% of total imports. Italy, Turkey, the Netherlands, South Africa and Poland lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest metal welded link chain suppliers to Germany were China ($X), the Czech Republic ($X) and Austria ($X), with a combined X% share of total imports. Italy, Turkey, the Netherlands, South Africa and Poland lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average metal welded link chain import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform