Price for Chain; Articulated Link, Roller, of Iron or Steel in the UK - 2023
Contents:
- Price for Chain; Articulated Link, Roller, of Iron or Steel in the UK (CIF) - 2023
- Price for Chain; Articulated Link, Roller, of Iron or Steel in the UK (FOB) - 2022
- Imports of Chain; Articulated Link, Roller, of Iron or Steel in the UK
- Exports of Chain; Articulated Link, Roller, of Iron or Steel in the UK
Price for Chain; Articulated Link, Roller, of Iron or Steel in the UK (CIF) - 2023
In November 2023, the average import price for chain; articulated link, roller, of iron or steel amounted to $12,178 per ton, shrinking by -12.1% against the previous month. Over the period under review, import price indicated a perceptible expansion from November 2022 to November 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for chain; articulated link, roller, of iron or steel decreased by -13.3% against September 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 55% against the previous month. Over the period under review, average import prices hit record highs at $16,355 per ton in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($19,499 per ton), while the price for Ireland ($5,230 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain; Articulated Link, Roller, of Iron or Steel in the UK (FOB) - 2022
In 2022, the average export price for chain; articulated link, roller, of iron or steel amounted to $15,621 per ton, jumping by 33% against the previous year. Over the last decade, it increased at an average annual rate of +5.7%. 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 2022, amid the top suppliers, the country with the highest price was the United States ($31,712 per ton), while the average price for exports to Hungary ($3,268 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain; Articulated Link, Roller, of Iron or Steel in the UK
In 2022, purchases abroad of chain; articulated link, roller, of iron or steel increased by 35% to 4.8K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a mild shrinkage.
In value terms, imports of chain; articulated link, roller, of iron or steel skyrocketed to $51M in 2022. Over the period under review, imports, however, recorded a mild descent.
| Import of Chain; Articulated Link, Roller, of Iron or Steel in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.8 | 6.3 | 6.9 | 9.7 | 7.5% |
| Japan | 12.2 | 9.5 | 10.1 | 9.5 | -8.0% |
| China | 4.8 | 6.1 | 3.9 | 9.0 | 23.3% |
| Italy | 7.1 | 5.3 | 5.3 | 6.6 | -2.4% |
| South Korea | 0.7 | 1.2 | 4.1 | 5.0 | 92.6% |
| Taiwan (Chinese) | 1.0 | 1.0 | 0.8 | 2.6 | 37.5% |
| Thailand | 0.8 | 0.8 | 0.9 | 1.7 | 28.6% |
| France | 4.1 | 2.2 | 2.1 | 0.9 | -39.7% |
| Netherlands | 6.0 | 5.2 | 2.9 | 0.6 | -53.6% |
| United States | 2.7 | 1.9 | 0.6 | 0.5 | -43.0% |
| Belgium | 3.1 | 0.5 | 0.4 | N/A | -64.1% |
| Others | 3.4 | 3.8 | 3.5 | 5.0 | 13.7% |
| Total | 53.6 | 43.8 | 41.4 | 51.0 | -1.6% |
Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to the UK in 2022:
- China (1931.3 tons)
- Germany (1058.8 tons)
- Japan (571.8 tons)
- Italy (404.8 tons)
- Thailand (221.1 tons)
- Taiwan (Chinese) (111.0 tons)
- South Korea (107.4 tons)
- Netherlands (59.2 tons)
- France (39.8 tons)
- United States (24.9 tons)
- Belgium (2.1 tons)
Exports of Chain; Articulated Link, Roller, of Iron or Steel in the UK
Exports of chain; articulated link, roller, of iron or steel from the UK shrank rapidly to 1.1K tons in 2022, declining by -23.3% against the previous year's figure. In general, exports continue to indicate a significant contraction. The smallest decline of -17.3% was in 2021.
In value terms, exports of chain; articulated link, roller, of iron or steel expanded slightly to $17M in 2022. Overall, exports faced a abrupt slump.
| Export of Chain; Articulated Link, Roller, of Iron or Steel in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.7 | 3.1 | 3.0 | 4.5 | 18.6% |
| Germany | 2.1 | 1.4 | 3.2 | 2.7 | 8.7% |
| Ireland | 3.3 | 3.5 | 1.7 | 1.3 | -26.7% |
| France | 3.5 | 1.8 | 0.3 | 0.6 | -44.4% |
| China | 0.3 | 0.4 | 0.5 | 0.6 | 26.0% |
| Chile | N/A | N/A | N/A | 0.5 | 0% |
| Canada | 0.2 | 0.4 | 0.1 | 0.4 | 26.0% |
| Netherlands | 0.4 | 0.4 | 0.8 | 0.4 | 0.0% |
| Poland | 2.8 | 2.0 | 0.6 | 0.4 | -47.7% |
| Italy | 0.6 | 0.4 | 0.6 | 0.3 | -20.6% |
| Spain | 1.8 | 0.4 | 0.3 | 0.2 | -51.9% |
| Denmark | 0.7 | 0.4 | 0.1 | 0.1 | -47.7% |
| Hungary | 0.9 | 0.8 | 0.3 | 0.1 | -51.9% |
| Others | 6.4 | 4.7 | 4.7 | 4.6 | -10.4% |
| Total | 25.9 | 19.8 | 16.3 | 16.6 | -13.8% |
Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from the UK in 2022:
- Germany (255.2 tons)
- United States (142.7 tons)
- Ireland (122.2 tons)
- China (62.4 tons)
- Poland (41.9 tons)
- Italy (37.8 tons)
- France (29.6 tons)
- Chile (25.4 tons)
- Hungary (22.8 tons)
- Spain (22.8 tons)
- Canada (19.7 tons)
- Netherlands (18.8 tons)
- Denmark (4.6 tons)
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