Scandinavia: Market for Forged Bars Of Stainless Steel 2024

Market Size for Forged Bars Of Stainless Steel in Scandinavia

The Scandinavia forged stainless steel bar market declined modestly to $X in 2023, remaining relatively unchanged against the previous year. Overall, consumption recorded a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Forged Bars Of Stainless Steel in Scandinavia

In value terms, forged stainless steel bar production shrank modestly to $X in 2023 estimated in export price. In general, production saw a noticeable contraction. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Forged Bars Of Stainless Steel

Exports in Scandinavia

In 2023, the amount of forged bars of stainless steel exported in Scandinavia fell to X tons, which is down by X% on the year before. Overall, exports showed a perceptible decline. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, forged stainless steel bar exports reduced slightly to $X in 2023. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the main exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Norway (X tons), committing a X% share of total exports.

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2023. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2023. Norway (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Sweden ($X) remains the largest forged stainless steel bar supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

In Sweden, forged stainless steel bar exports contracted by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, growing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Imports of Forged Bars Of Stainless Steel

Imports in Scandinavia

In 2023, purchases abroad of forged bars of stainless steel decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, forged stainless steel bar imports dropped to $X in 2023. Overall, imports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

Sweden represented the main importer of forged bars of stainless steel in Scandinavia, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. Norway (X tons) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

Sweden was also the fastest-growing in terms of the forged bars of stainless steel imports, 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.) and Finland (X p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2023.

Among the main importing countries, Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, showed a mild shrinkage. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform