Price for Chain and Parts Thereof, of Iron or Steel in Sweden - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Sweden (CIF) - 2023
- Price for Chain and Parts Thereof, of Iron or Steel in Sweden (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Sweden
- Exports of Chain and Parts Thereof, of Iron or Steel in Sweden
Price for Chain and Parts Thereof, of Iron or Steel in Sweden (CIF) - 2023
In December 2023, the average import price for chain and parts thereof, of iron or steel amounted to $6,223 per ton, reducing by -8.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in November 2023 when the average import price increased by 22% m-o-m. As a result, import price reached the peak level of $6,808 per ton, and then fell in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($12,258 per ton), while the price for Belgium ($1,902 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Sweden (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $5,090 per ton in 2022, shrinking by -11.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 22% against the previous year. As a result, the export price attained the peak level of $5,765 per ton, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($8,527 per ton), while the average price for exports to Lithuania ($2,692 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 Finland (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Sweden
In 2022, approx. 16K tons of chain and parts thereof, of iron or steel were imported into Sweden; growing by 39% compared with the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.7% 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 +48.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel soared to $85M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.9 | 13.0 | 15.9 | 23.2 | 21.6% |
| China | 11.0 | 10.3 | 10.4 | 17.2 | 16.1% |
| Finland | 5.4 | 6.2 | 7.2 | 9.9 | 22.4% |
| Norway | 6.9 | 5.7 | 6.5 | 7.1 | 1.0% |
| Netherlands | 2.8 | 3.1 | 4.1 | 4.8 | 19.7% |
| Austria | 0.2 | 0.3 | 1.0 | 4.2 | 175.9% |
| Poland | 1.8 | 1.9 | 3.6 | 4.0 | 30.5% |
| Others | 10.5 | 9.9 | 12.3 | 14.3 | 10.8% |
| Total | 51.5 | 50.5 | 61.0 | 84.7 | 18.0% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Sweden in 2022:
- China (5.3K tons)
- Germany (2.9K tons)
- Norway (2.6K tons)
- Finland (1.7K tons)
- Poland (1.0K tons)
- Austria (0.8K tons)
- Netherlands (0.5K tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Sweden
In 2022, after two years of decline, there was significant growth in shipments abroad of chain and parts thereof, of iron or steel, when their volume increased by 28% to 9.9K tons. Overall, exports, however, saw a deep setback.
In value terms, exports of chain and parts thereof, of iron or steel expanded significantly to $50M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year.
| Export of Chain and Parts Thereof, of Iron or Steel in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 4.1 | 3.6 | 1.1 | 7.4 | 21.8% |
| Norway | 9.2 | 5.0 | 9.3 | 6.3 | -11.9% |
| United States | 8.2 | 3.0 | 2.4 | 4.9 | -15.8% |
| Poland | 2.0 | 1.7 | 2.4 | 3.3 | 18.2% |
| Belgium | 0.2 | 0.4 | 1.7 | 2.6 | 135.1% |
| Denmark | 1.6 | 1.8 | 1.9 | 2.4 | 14.5% |
| Finland | 1.8 | 1.6 | 2.1 | 2.4 | 10.1% |
| France | 1.4 | 1.9 | 2.2 | 2.3 | 18.0% |
| Australia | 1.3 | 0.9 | 1.6 | 2.0 | 15.4% |
| United Kingdom | 1.2 | 1.2 | 1.8 | 1.6 | 10.1% |
| Netherlands | 1.2 | 1.2 | 1.4 | 1.4 | 5.3% |
| Germany | 0.9 | 0.9 | 1.0 | 0.8 | -3.9% |
| Spain | 4.1 | 2.5 | 2.0 | 0.5 | -50.4% |
| Others | 13.4 | 11.6 | 13.2 | 11.6 | -4.7% |
| Total | 50.7 | 37.3 | 44.2 | 49.8 | -0.6% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Sweden in 2022:
- Lithuania (2759.9 tons)
- Norway (1495.8 tons)
- United States (934.8 tons)
- Belgium (654.5 tons)
- Denmark (585.1 tons)
- Poland (504.5 tons)
- United Kingdom (417.9 tons)
- Australia (395.1 tons)
- France (350.9 tons)
- Finland (280.8 tons)
- Netherlands (275.4 tons)
- Germany (148.1 tons)
- Spain (81.3 tons)
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