Sweden: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in Sweden

The Swedish hot-rolled steel products market rose significantly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Hot-rolled steel products consumption peaked in 2023 and is expected to retain growth in years to come.

Hot-Rolled Steel Products Production in Sweden

In value terms, hot-rolled steel products production soared to $X in 2023 estimated in export price. In general, production posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Hot-Rolled Steel Products Exports

Exports from Sweden

In 2023, hot-rolled steel products exports from Sweden fell slightly to X tons, reducing by X% compared with 2022 figures. The total export 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 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, hot-rolled steel products exports dropped to $X in 2023. In general, total exports indicated a temperate 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. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then declined in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and the UK (X tons) were the main destinations of hot-rolled steel products exports from Sweden, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-rolled steel products exported from Sweden were Germany ($X), Italy ($X) and the United States ($X), together comprising X% of total exports. Poland, the UK, Turkey, the Netherlands, China, Spain, Denmark, Finland, France and Norway lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Turkey, 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 average hot-rolled steel products export price amounted to $X per ton, reducing by X% against the previous year. In general, export price indicated a modest increase from 2012 to 2023: its price 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, hot-rolled steel products export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports into Sweden

In 2023, after two years of growth, there was decline in supplies from abroad of flat-rolled products of iron or steel (not further worked than hot-rolled), when their volume decreased by X% to X tons. In general, imports saw a mild reduction. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, hot-rolled steel products imports fell to $X in 2023. Overall, imports, however, posted modest growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then fell in the following year.

Imports by Country

Finland (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of hot-rolled steel products imports to Sweden, together comprising X% of total imports. Denmark, Austria, the UK, the Czech Republic, Belgium and Luxembourg lagged somewhat behind, together accounting for a further X%.

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

In value terms, Finland ($X), the Netherlands ($X) and Germany ($X) were the largest hot-rolled steel products suppliers to Sweden, with a combined X% share of total imports. Denmark, Austria, the UK, the Czech Republic, Belgium and Luxembourg lagged somewhat behind, together comprising a further X%.

Luxembourg, 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 hot-rolled steel products import price amounted to $X per ton, dropping by X% against the previous year. In general, import price indicated pronounced growth from 2012 to 2023: its price 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, hot-rolled steel products import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Germany ($X per ton), while the price for Luxembourg ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform