Price for Steel, Alloy; Ingots and Other Primary Forms in Sweden - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Sweden (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Sweden (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Sweden
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Sweden
Price for Steel, Alloy; Ingots and Other Primary Forms in Sweden (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $9,178 per ton, increasing by 35% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy; ingots and other primary formses increased by +63.2% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 46%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($9,417 per ton), while the price for Finland ($4,470 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Ingots and Other Primary Forms in Sweden (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $10,484 per ton, declining by -3.7% against the previous year. Overall, the export price, however, showed a strong expansion. The growth pace was the most rapid in 2019 an increase of 152%. The export price peaked at $10,890 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($103,879 per ton), while the average price for exports to Spain ($6,470 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 the United States (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Sweden
In 2022, approx. 13K tons of steel, alloy; ingots and other primary formses were imported into Sweden; with a decrease of -18.9% against the previous year. Overall, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 87%. As a result, imports attained the peak of 15K tons, and then shrank rapidly in the following year.
In value terms, imports of steel, alloy; ingots and other primary formses reached $115M in 2022. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 126% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 76.8 | 37.1 | 82.6 | 84.9 | 3.4% |
| Austria | 14.5 | 9.4 | 21.6 | 28.9 | 25.8% |
| Finland | N/A | N/A | N/A | 1.2 | 0% |
| Others | N/A | 0.1 | 0.9 | 0.2 | 41.4% |
| Total | 91.4 | 46.6 | 105 | 115 | 8.0% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Sweden in 2022:
- France (9.0K tons)
- Austria (3.2K tons)
- Finland (0.3K tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Sweden
Exports of steel, alloy; ingots and other primary formses from Sweden reduced to 795 tons in 2022, which is down by -1.8% against the previous year's figure. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 94%. As a result, the exports reached the peak of 810 tons, and then reduced modestly in the following year.
In value terms, exports of steel, alloy; ingots and other primary formses fell to $8.3M in 2022. In general, exports, however, showed resilient growth. The growth pace was the most rapid in 2021 with an increase of 96% against the previous year. As a result, the exports reached the peak of $8.8M, and then fell in the following year.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 350 | 152 | 238 | 3,016 | 105.0% |
| Poland | 1,232 | 1,215 | 1,560 | 1,898 | 15.5% |
| Czech Republic | 38.1 | 289 | 409 | 736 | 168.3% |
| United Kingdom | N/A | N/A | 685 | 728 | 6.3% |
| China | 170 | 704 | 1,979 | 464 | 39.8% |
| Spain | 247 | 200 | 330 | 413 | 18.7% |
| France | 465 | 461 | 409 | 363 | -7.9% |
| Hong Kong SAR | 1,227 | 961 | 2,863 | N/A | 52.8% |
| Others | 1,370 | 513 | 347 | 718 | -19.4% |
| Total | 5,099 | 4,495 | 8,819 | 8,337 | 17.8% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Sweden in 2022:
- Poland (270.3 tons)
- Austria (250.1 tons)
- United Kingdom (79.8 tons)
- Spain (63.8 tons)
- Czech Republic (49.7 tons)
- China (29.7 tons)
- France (22.8 tons)
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