Price for Iron or Steel; Cast Articles in Sweden - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Sweden (CIF) - 2023
- Price for Iron or Steel; Cast Articles in Sweden (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Sweden
- Exports of Iron or Steel; Cast Articles in Sweden
Price for Iron or Steel; Cast Articles in Sweden (CIF) - 2023
The average import price for iron or steel; cast articleses stood at $3,179 per ton in June 2023, falling by -12.7% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average import price increased by 16% against the previous month. The import price peaked at $3,642 per ton in May 2023, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($4,771 per ton), while the price for China ($1,905 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 Turkey (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Sweden (FOB) - 2022
In 2022, the average export price for iron or steel; cast articleses amounted to $8,124 per ton, picking up by 65% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel; cast articles export price increased by +99.6% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Finland ($11,082 per ton), while the average price for exports to Germany ($4,338 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 (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Sweden
In 2022, the amount of iron or steel; cast articleses imported into Sweden contracted modestly to 44K tons, approximately reflecting the year before. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 9.8%.
In value terms, iron or steel; cast articles imports totaled $136M in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Iron or Steel; Cast Articles in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 17.3 | 21.2 | 25.7 | 27.6 | 16.8% |
| China | 11.0 | 10.8 | 15.6 | 19.0 | 20.0% |
| Poland | 8.1 | 6.8 | 9.2 | 13.4 | 18.3% |
| Denmark | 12.3 | 11.3 | 12.7 | 12.0 | -0.8% |
| United Kingdom | 1.9 | 1.3 | 9.2 | 11.7 | 83.3% |
| India | 8.0 | 6.2 | 9.9 | 11.5 | 12.9% |
| Italy | 4.6 | 3.1 | 4.7 | 7.3 | 16.6% |
| Turkey | 4.9 | 3.9 | 4.7 | 7.1 | 13.2% |
| Germany | 12.5 | 12.1 | 11.4 | 5.8 | -22.6% |
| Belgium | 4.0 | 2.5 | 4.3 | 5.1 | 8.4% |
| Finland | 3.8 | 4.3 | 3.8 | 4.3 | 4.2% |
| Czech Republic | 3.7 | 0.7 | 1.0 | 4.2 | 4.3% |
| France | 4.4 | 3.1 | 3.4 | 3.7 | -5.6% |
| Others | 6.0 | 7.1 | 8.7 | 3.4 | -17.2% |
| Total | 103 | 94.5 | 124 | 136 | 9.7% |
Top Suppliers of Iron or Steel; Cast Articles to Sweden in 2022:
- Norway (7.4K tons)
- China (7.1K tons)
- Poland (5.0K tons)
- Denmark (4.0K tons)
- India (4.0K tons)
- United Kingdom (3.5K tons)
- Italy (2.0K tons)
- Turkey (1.8K tons)
- Belgium (1.8K tons)
- Germany (1.6K tons)
- Finland (1.3K tons)
- Czech Republic (1.1K tons)
- France (0.8K tons)
Exports of Iron or Steel; Cast Articles in Sweden
For the third year in a row, Sweden recorded decline in shipments abroad of iron or steel; cast articleses, which decreased by -42.5% to 3.6K tons in 2022. In general, exports showed a precipitous setback. The smallest decline of -4.7% was in 2020.
In value terms, iron or steel; cast articles exports fell to $29M in 2022. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 1.1%. As a result, the exports reached the peak of $35M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Iron or Steel; Cast Articles in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 5.0 | 6.4 | 7.3 | 10.0 | 26.0% |
| Norway | 5.1 | 4.9 | 3.8 | 3.9 | -8.6% |
| Denmark | 13.1 | 12.8 | 9.3 | 3.0 | -38.8% |
| United Kingdom | 0.2 | 0.5 | 1.1 | 2.2 | 122.4% |
| Germany | 2.3 | 1.8 | 1.8 | 1.9 | -6.2% |
| United States | 0.6 | 0.4 | 0.9 | 1.6 | 38.7% |
| Poland | 1.2 | 1.4 | 1.3 | 1.5 | 7.7% |
| Netherlands | 0.7 | 0.6 | 0.7 | 1.4 | 26.0% |
| China | 1.1 | 0.4 | 0.2 | 0.2 | -43.3% |
| Others | 5.4 | 5.8 | 4.7 | 3.9 | -10.3% |
| Total | 34.7 | 35.1 | 31.1 | 29.5 | -5.3% |
Top Export Markets for Iron or Steel; Cast Articles from Sweden in 2022:
- Finland (902.7 tons)
- Denmark (518.1 tons)
- Norway (491.5 tons)
- Germany (447.5 tons)
- United Kingdom (387.4 tons)
- United States (290.6 tons)
- Poland (193.2 tons)
- Netherlands (182.9 tons)
- China (40.5 tons)
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