Sweden - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron and Steel Price in Sweden - 2023
Contents:
- Iron and Steel Price in Sweden (FOB) - 2023
- Iron and Steel Price in Sweden (CIF) - 2023
- Iron and Steel Exports in Sweden
- Iron and Steel Imports in Sweden
Iron and Steel Price in Sweden (FOB) - 2023
The average iron and steel export price stood at $302 per ton in July 2023, reducing by -20.3% against the previous month. Overall, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 1,167% against the previous month. The export price peaked at $5,708 per ton in November 2022; however, from December 2022 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In July 2023, the country with the highest price was Spain ($299 per ton), while the average price for exports to Germany amounted to $292 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.3%).
Iron and Steel Price in Sweden (CIF) - 2023
The average iron and steel import price stood at $3,028 per ton in July 2023, growing by 360% against the previous month. Over the period under review, the import price recorded a tangible expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($16,833 per ton), while the price for Norway ($767 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Finland (-0.3%), while the prices for the other major suppliers experienced a decline.
Iron and Steel Exports in Sweden
In 2022, approx. 56K tons of iron and steel were exported from Sweden; which is down by -42.4% on the previous year. Over the period under review, exports faced a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 28%.
In value terms, iron and steel exports declined markedly to $21M in 2022. In general, exports showed a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 115%.
| Export of Iron and Steel in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.6 | 13.9 | 27.7 | 11.3 | -29.8% |
| Spain | 4.6 | N/A | 5.8 | 1.4 | -32.7% |
| Others | 10.9 | 5.7 | 8.4 | 8.6 | -7.6% |
| Total | 48.1 | 19.5 | 41.9 | 21.3 | -23.8% |
Top Export Markets for Iron and Steel from Sweden in 2022:
- Germany (90.0K tons)
- Spain (6.2K tons)
Iron and Steel Imports in Sweden
In 2022, after two years of decline, there was significant growth in overseas purchases of iron and steel, when their volume increased by 10% to 41K tons. In general, imports, however, recorded a abrupt slump.
In value terms, iron and steel imports soared to $38M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron and Steel in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.6 | 2.3 | 6.8 | 13.9 | 13.1% |
| Norway | 5.5 | 4.8 | 4.5 | 6.8 | 7.3% |
| Russia | 6.4 | 5.7 | 8.2 | 3.8 | -16.0% |
| Brazil | N/A | 1.3 | N/A | N/A | 0% |
| Others | 5.0 | 5.9 | 5.5 | 13.6 | 39.6% |
| Total | 26.5 | 20.0 | 25.0 | 38.1 | 12.9% |
Top Suppliers of Iron and Steel to Sweden in 2022:
- Netherlands (31.9K tons)
- Norway (7.4K tons)
- Russia (6.1K tons)
This report provides an in-depth analysis of the iron and 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:
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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