Stainless Steel Wire Price in Sweden - 2023
Contents:
- Stainless Steel Wire Price in Sweden (FOB) - 2022
- Stainless Steel Wire Price in Sweden (CIF) - 2022
- Stainless Steel Wire Exports in Sweden
- Stainless Steel Wire Imports in Sweden
Stainless Steel Wire Price in Sweden (FOB) - 2022
In 2022, the average stainless steel wire export price amounted to $10,088 per ton, with an increase of 10% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($12,868 per ton), while the average price for exports to the Netherlands ($5,220 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 Denmark (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Price in Sweden (CIF) - 2022
The average stainless steel wire import price stood at $5,890 per ton in 2022, growing by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($25,255 per ton), while the price for Belgium ($2,171 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Exports in Sweden
In 2022, the amount of stainless steel wire exported from Sweden soared to 16K tons, jumping by 27% against 2021 figures. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, stainless steel wire exports soared to $166M in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 51%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Stainless Steel Wire in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 34.0 | 28.5 | 48.7 | 56.0 | 18.1% |
| Finland | 2.1 | 2.1 | 2.0 | 12.7 | 82.2% |
| France | 7.6 | 6.6 | 8.2 | 11.3 | 14.1% |
| United States | 3.8 | 2.5 | 5.5 | 8.8 | 32.3% |
| Switzerland | 2.8 | 2.9 | 6.2 | 8.1 | 42.5% |
| Italy | 4.1 | 2.4 | 3.4 | 7.8 | 23.9% |
| Netherlands | 3.6 | 3.7 | 0.7 | 7.2 | 26.0% |
| China | 3.5 | 3.1 | 4.2 | 5.7 | 17.7% |
| Turkey | 1.7 | 2.4 | 3.3 | 4.7 | 40.4% |
| India | 2.6 | 2.3 | 4.1 | 4.2 | 17.3% |
| Taiwan (Chinese) | 1.1 | 1.1 | 1.7 | 3.3 | 44.2% |
| Latvia | 0.1 | 0.7 | 1.3 | 2.9 | 207.2% |
| Denmark | 1.1 | 1.2 | 1.6 | 2.7 | 34.9% |
| Others | 19.9 | 18.9 | 27.6 | 30.5 | 15.3% |
| Total | 88.1 | 78.3 | 118 | 166 | 23.5% |
Top Export Markets for Stainless Steel Wire from Sweden in 2022:
- Germany (5.2K tons)
- Finland (1.6K tons)
- Netherlands (1.4K tons)
- France (1.0K tons)
- Switzerland (1.0K tons)
- Italy (0.7K tons)
- United States (0.7K tons)
- Turkey (0.6K tons)
- India (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
- Denmark (0.4K tons)
- Latvia (0.4K tons)
- China (0.4K tons)
Stainless Steel Wire Imports in Sweden
In 2022, purchases abroad of stainless steel wire was finally on the rise to reach 4.7K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat 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, stainless steel wire imports skyrocketed to $27M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern 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.
| Import of Stainless Steel Wire in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 11.7 | 10.1 | 9.5 | 10.4 | -3.9% |
| Germany | 3.9 | 3.5 | 3.4 | 6.2 | 16.7% |
| Indonesia | 1.4 | 2.2 | 2.6 | 3.6 | 37.0% |
| Italy | 0.3 | 0.3 | 0.2 | 2.1 | 91.3% |
| Spain | 1.5 | 1.1 | 1.4 | 1.3 | -4.7% |
| India | 0.9 | 0.5 | 0.5 | 1.0 | 3.6% |
| Switzerland | 0.9 | 1.1 | 1.0 | 1.0 | 3.6% |
| Others | 1.8 | 2.4 | 1.9 | 1.8 | 0.0% |
| Total | 22.4 | 21.2 | 20.4 | 27.4 | 6.9% |
Top Suppliers of Stainless Steel Wire to Sweden in 2022:
- Czech Republic (1836.1 tons)
- Indonesia (814.5 tons)
- Germany (730.3 tons)
- Italy (481.3 tons)
- India (209.9 tons)
- Spain (208.6 tons)
- Switzerland (144.8 tons)
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