Sweden: Aluminium Alloy Tube Market 2022

Aluminium Alloy Tube Market Size in Sweden

The Swedish aluminium alloy tube market surged to $X in 2021, with an increase of 33% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +41.7% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aluminium Alloy Tube Production in Sweden

In value terms, aluminium alloy tube production skyrocketed to $X in 2021 estimated in export price. In general, production, however, faced a abrupt downturn. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Aluminium Alloy Tube Exports

Exports from Sweden

In 2021, shipments abroad of aluminium alloy tubes and pipes increased by 19% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by 22% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, aluminium alloy tube exports soared to $X in 2021. Overall, exports, however, saw a noticeable descent. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for aluminium alloy tube exports from Sweden, accounting for a 41% share of total exports. Moreover, aluminium alloy tube exports to Norway exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Norway amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.8% per year) and the UK (+25.4% per year).

In value terms, Norway ($X), Poland ($X) and Germany ($X) appeared to be the largest markets for aluminium alloy tube exported from Sweden worldwide, with a combined 49% share of total exports. The UK, Denmark, Finland, Estonia, Lithuania and Hungary lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, the UK, with a CAGR of +28.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium alloy tube export price stood at $X per ton in 2021, increasing by 15% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aluminium alloy tube export price increased by +101.1% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 21%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Tube Imports

Imports into Sweden

In 2021, purchases abroad of aluminium alloy tubes and pipes increased by 15% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, aluminium alloy tube imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X tons) constituted the largest aluminium alloy tube supplier to Sweden, accounting for a 51% share of total imports. Moreover, aluminium alloy tube imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.4% per year) and Italy (+5.0% per year).

In value terms, Denmark ($X) constituted the largest supplier of aluminium alloy tube to Sweden, comprising 40% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Poland, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.0% per year) and Poland (+34.5% per year).

Import Prices by Country

In 2021, the average aluminium alloy tube import price amounted to $X per ton, picking up by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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