Scandinavia: Expanded Metal Market 2024

Expanded Metal Market Size in Scandinavia

In 2022, the Scandinavia expanded metal market decreased by X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption recorded a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Expanded Metal Production in Scandinavia

In value terms, expanded metal production totaled $X in 2022 estimated in export price. Overall, production showed a deep slump. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Expanded Metal Exports

Exports in Scandinavia

In 2022, the amount of iron or steel expanded metal exported in Scandinavia surged to X tons, picking up by X% against the year before. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, expanded metal exports dropped markedly to $X in 2022. Overall, exports saw a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Sweden dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. Finland (X tons) held a minor share of total exports.

Sweden was also the fastest-growing in terms of the iron or steel expanded metal exports, with a CAGR of X% from 2012 to 2022. Finland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by X percentage points.

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

In Sweden, expanded metal exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, saw a measured expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Expanded Metal Imports

Imports in Scandinavia

In 2022, supplies from abroad of iron or steel expanded metal decreased by X% to X tons, falling for the fifth year in a row after three years of growth. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, expanded metal imports expanded slightly to $X in 2022. Over the period under review, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Finland was the key importer of iron or steel expanded metal in Scandinavia, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Sweden (X tons) took the second position in the ranking, followed by Norway (X tons). All these countries together took near X% share of total imports.

Finland was also the fastest-growing in terms of the iron or steel expanded metal imports, with a CAGR of X% from 2012 to 2022. Norway (X%) and Sweden (X%) illustrated a downward trend over the same period. Finland (X p.p.) significantly strengthened its position in terms of the total imports, while Norway and Sweden saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Finland ($X) constitutes the largest market for imported iron or steel expanded metal in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with an X% share of total imports.

In Finland, expanded metal imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, expanded metal import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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