Price for Iron and Non-Alloy Steel in Ingot in Sweden - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Sweden (FOB) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Sweden (CIF) - 2022
- Exports of Iron and Non-Alloy Steel in Ingot in Sweden
- Imports of Iron and Non-Alloy Steel in Ingot in Sweden
Price for Iron and Non-Alloy Steel in Ingot in Sweden (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $380 per ton in 2022, declining by -9.9% against the previous year. In general, the export price showed a perceptible descent. The growth pace was the most rapid in 2021 an increase of 66% against the previous year. Over the period under review, the average export prices hit record highs at $536 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($221 per ton), while the average price for exports to Germany amounted to $126 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+2.5%), while the prices for the other major destinations experienced a decline.
Price for Iron and Non-Alloy Steel in Ingot in Sweden (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $4,232 per ton in 2022, jumping by 16% against the previous year. In general, the import price recorded a tangible expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($5,832 per ton), while the price for Italy ($2,098 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron and Non-Alloy Steel in Ingot in Sweden
In 2022, the amount of iron and non-alloy steel in ingots exported from Sweden declined significantly to 55K tons, dropping by -42.3% against the previous year. In general, exports saw a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year.
In value terms, exports of iron and non-alloy steel in ingots declined notably to $21M in 2022. Overall, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 109% against the previous year.
| Export of Iron and Non-Alloy Steel in Ingot in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.6 | 13.9 | 27.0 | 15.2 | -22.5% |
| Spain | 4.6 | N/A | 5.8 | 2.6 | -17.3% |
| Others | 10.8 | 5.5 | 7.7 | 3.2 | -33.3% |
| Total | 48.0 | 19.4 | 40.5 | 21.1 | -24.0% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Sweden in 2022:
- Germany (120.7K tons)
- Spain (11.8K tons)
Imports of Iron and Non-Alloy Steel in Ingot in Sweden
After two years of decline, supplies from abroad of iron and non-alloy steel in ingots increased by 58% to 2.2K tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron and non-alloy steel in ingots skyrocketed to $9.1M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron and Non-Alloy Steel in Ingot in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1,202 | 854 | 1,497 | 3,266 | 39.5% |
| Finland | 1,415 | 1,179 | 1,444 | 2,610 | 22.6% |
| Latvia | 987 | 659 | 1,040 | 1,871 | 23.8% |
| China | 18.7 | 3.8 | 510 | 516 | 202.2% |
| Germany | 111 | 1,316 | 271 | 421 | 56.0% |
| France | N/A | 13.8 | 6.7 | 204 | 284.5% |
| Italy | 83.3 | 34.2 | 28.5 | 114 | 11.0% |
| Others | 543 | 218 | 158 | 107 | -41.8% |
| Total | 4,360 | 4,277 | 4,956 | 9,108 | 27.8% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Sweden in 2022:
- Denmark (855.0 tons)
- Finland (545.7 tons)
- Latvia (409.5 tons)
- Germany (121.3 tons)
- China (94.0 tons)
- Italy (54.1 tons)
- France (53.1 tons)
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