Report Update: Apr 1, 2024

Sweden - Hot-Rolled Bars In Free-Cutting Steels - Market Analysis, Forecast, Size, Trends And Insights

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Hot-Rolled Free-Cutting Steel Price in Sweden - 2023

Hot-Rolled Free-Cutting Steel Price in Sweden (CIF) - 2023

In June 2023, the average hot-rolled free-cutting steel import price amounted to $1,549 per ton, picking up by 2.4% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 200% m-o-m. The import price peaked at $2,272 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($1,877 per ton), while the price for Poland ($1,475 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Hot-Rolled Free-Cutting Steel Price in Sweden (FOB) - 2022

In 2022, the average hot-rolled free-cutting steel export price amounted to $2,214 per ton, declining by -47.6% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 1,495%. As a result, the export price reached the peak level of $12,440 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($29,857 per ton), while the average price for exports to Norway stood at $1,601 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+10.0%).

Hot-Rolled Free-Cutting Steel Imports in Sweden

For the fourth consecutive year, Sweden recorded growth in purchases abroad of hot-rolled bars in free-cutting steels, which increased by 23% to 1.5K tons in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 229%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, hot-rolled free-cutting steel imports expanded rapidly to $1.8M in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 241%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Import of Hot-Rolled Free-Cutting Steel in Sweden (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	135	517	1,045	1,348	115.3%
Germany	44.5	139	287	409	109.5%
Others	33.9	71.6	354	73.3	29.3%
Total	213	727	1,686	1,830	104.8%

Top Suppliers of Hot-Rolled Free-Cutting Steel to Sweden in 2022:

Poland (1215.4 tons)
Germany (220.0 tons)

Hot-Rolled Free-Cutting Steel Exports in Sweden

In 2022, shipments abroad of hot-rolled bars in free-cutting steels decreased by -17.9% to 645 kg, falling for the second year in a row after two years of growth. Overall, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of 173% against the previous year. As a result, the exports attained the peak of 8.1 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, hot-rolled free-cutting steel exports declined dramatically to $1.4K in 2022. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 4,249%. As a result, the exports reached the peak of $101K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Hot-Rolled Free-Cutting Steel in Sweden (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	0.1	6.2	N/A	1.0	115.4%
Spain	N/A	N/A	N/A	0.4	0%
Denmark	0.5	3.1	2.5	N/A	123.6%
Latvia	0.4	N/A	N/A	N/A	0%
United Arab Emirates	1.3	N/A	N/A	N/A	0%
Others	N/A	91.8	0.8	N/A	-99.1%
Total	2.3	101	3.3	1.4	-15.3%

Top Export Markets for Hot-Rolled Free-Cutting Steel from Sweden in 2022:

Norway (631.0 kg)
Spain (14.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hot-rolled free-cutting steel market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106230 - Hot-rolled bars in free-cutting steels

Country coverage:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023