Scandinavia: Base Metal Keys Market 2024

Base Metal Keys Market Size in Scandinavia

The Scandinavia base metal keys market soared to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption continues to indicate significant growth. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Base Metal Keys Production in Scandinavia

In value terms, base metal keys production amounted to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Base Metal Keys Exports

Exports in Scandinavia

In 2023, after four years of growth, there was significant decline in overseas shipments of base metal keys, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2022, and then contracted in the following year.

In value terms, base metal keys exports rose notably to $X in 2023. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

Sweden represented the major exporter of base metal keys in Scandinavia, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Finland (X tons), comprising a X% share of total exports. Norway (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the base metal keys exports, with a CAGR of X% from 2012 to 2023. At the same time, Finland (X%) displayed positive paces of growth. By contrast, Norway (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) remains the largest base metal keys supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports.

In Finland, base metal keys exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, jumping by X% against the previous year. Export price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, base metal keys export price increased by X% against 2020 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the export price figures.

Base Metal Keys Imports

Imports in Scandinavia

Base metal keys imports reached X tons in 2023, increasing by X% compared with 2022 figures. Overall, imports showed a moderate increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, base metal keys imports rose modestly to $X in 2023. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the near future.

Imports by Country

Sweden was the key importer of base metal keys in Scandinavia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Norway (X tons) took the second position in the ranking, distantly followed by Finland (X tons). All these countries together took near X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to base metal keys imports into Sweden stood at X%. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2023. While the share of Finland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Norway (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest base metal keys importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

In terms of the main importing countries, Finland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2023, with a decrease of X% against the previous year. Import price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform