Report Scandinavia - Railway Material of Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Scandinavia - Railway Material of Steel - Market Analysis, Forecast, Size, Trends and Insights
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Scandinavia: Steel Railway Material Market 2022

Steel Railway Material Market Size in Scandinavia

In 2021, the Scandinavia steel railway material market increased by 11% to $X, rising for the second consecutive year after five years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Steel Railway Material Production in Scandinavia

In value terms, steel railway material production dropped sharply to $X in 2021 estimated in export price. Over the period under review, production recorded a deep slump. The pace of growth was the most pronounced in 2020 when the production volume increased by 673%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Steel Railway Material Exports

Exports in Scandinavia

In 2021, the amount of railway material of steel exported in Scandinavia expanded remarkably to X tons, increasing by 14% on 2020 figures. In general, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, steel railway material exports soared to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +44.0% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by 58%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden prevails in exports structure, accounting for X tons, which was near 95% of total exports in 2021. The following exporters - Finland (X tons) and Norway (X tons) - each finished at a 3.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to steel railway material exports from Sweden stood at -6.2%. At the same time, Norway (+2.7%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.7% from 2012-2021. By contrast, Finland (-11.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland decreased by -1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest steel railway material supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was held by Norway ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled +3.2%. In the other countries, the average annual rates were as follows: Norway (+4.6% per year) and Finland (-14.4% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 52%. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+10.0%), while the other leaders experienced mixed trends in the export price figures.

Steel Railway Material Imports

Imports in Scandinavia

For the fourth year in a row, Scandinavia recorded growth in overseas purchases of railway material of steel, which increased by 17% to X tons in 2021. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 34%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, steel railway material imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 33%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Sweden (X tons) was the major importer of railway material of steel, mixing up 56% of total imports. Norway (X tons) held the second position in the ranking, followed by Finland (X tons) and Denmark (X tons). All these countries together took approx. 44% share of total imports.

Imports into Sweden increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Norway (+11.7%), Finland (+1.8%) and Denmark (+1.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +11.7% from 2012-2021. While the share of Norway (+9.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Finland (-1.8 p.p.), Denmark (-2 p.p.) and Sweden (-5.7 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported railway material of steel in Scandinavia, comprising 49% of total imports. The second position in the ranking was held by Norway ($X), with a 22% share of total imports. It was followed by Finland, with a 17% share.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +1.6%. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+10.0% per year) and Finland (+5.9% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, increasing by 12% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Finland ($X per ton) and Norway ($X per ton), while Sweden ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+4.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for railway material of steel in Scandinavia?
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Sweden remains the largest steel railway material consuming country in Scandinavia, accounting for 58% of total volume. Moreover, steel railway material consumption in Sweden exceeded the figures recorded by the second-largest consumer, Norway, threefold. Finland ranked third in terms of total consumption with a 13% share.
What are the largest producers of railway material of steel in Scandinavia?
+
Sweden remains the largest steel railway material producing country in Scandinavia, comprising approx. 97% of total volume. Moreover, steel railway material production in Sweden exceeded the figures recorded by the second-largest producer, Finland, more than tenfold.
What are the leading exporters of railway material of steel in Scandinavia?
+
In value terms, Sweden remains the largest steel railway material supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was taken by Norway, with a 3.1% share of total exports.
What are the leading importers of railway material of steel in Scandinavia?
+
In value terms, Sweden constitutes the largest market for imported railway material of steel in Scandinavia, comprising 49% of total imports. The second position in the ranking was held by Norway, with a 22% share of total imports. It was followed by Finland, with a 17% share.
What is the average export price for railway material of steel in Scandinavia?
+
The export price in Scandinavia stood at $3,476 per ton in 2021, with an increase of 13% against the previous year.
What is the average import price for railway material of steel in Scandinavia?
+
In 2021, the import price in Scandinavia amounted to $1,670 per ton, with an increase of 12% against the previous year.

This report provides an in-depth analysis of the steel railway material market in Scandinavia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 24107500 - Railway material (of steel)
• Prodcom 2410T252 - Railway material
Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Scandinavia, split by region and country
• Trade (exports and imports) in Scandinavia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Denmark
• Finland
• Iceland
• Norway
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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