Sweden: Aluminium Market Overview 2021

Aluminium Market Size in Sweden

In 2019, the Swedish aluminium market decreased by -X% to $X for the first time since 2015, thus ending a three-year rising trend. In general, consumption showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. Aluminium consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Aluminium Production in Sweden

In value terms, aluminium production declined to $X in 2019 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% against the previous year. Aluminium production peaked at $X in 2011; however, from 2012 to 2019, production remained at a lower figure.

Aluminium Exports

Exports from Sweden

In 2019, approx. X tonnes of aluminium were exported from Sweden; picking up by X% compared with the previous year's figure. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2011 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, aluminium exports shrank to $X in 2019. Overall, total exports indicated a tangible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Poland (X tonnes), Germany (X tonnes) and Spain (X tonnes) were the main destinations of aluminium exports from Sweden, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Spain (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the key foreign market for aluminium exports from Sweden, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Poland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2019, the average aluminium export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2019, the countries with the highest prices were France ($X per tonne) and Finland ($X per tonne), while the average price for exports to Denmark ($X per tonne) and Germany ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Aluminium Imports

Imports into Sweden

In 2019, purchases abroad of aluminium decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2011 to 2019, the growth imports remained at a lower figure.

In value terms, aluminium imports fell notably to $X in 2019. Over the period under review, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Norway (X tonnes) constituted the largest supplier of aluminium to Sweden, with a X% share of total imports. Moreover, aluminium imports from Norway exceeded the figures recorded by the second-largest supplier, Russia (X tonnes), eightfold. The third position in this ranking was occupied by Spain (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Norway stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Spain (+X% per year).

In value terms, Norway ($X) constituted the largest supplier of aluminium to Sweden, comprising X% of total imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Norway totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Spain (+X% per year).

Import Prices by Country

In 2019, the average aluminium import price amounted to $X per tonne, waning by -X% against the previous year. In general, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Poland ($X per tonne), while the price for Finland ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium in the world?

+

China (36M tonnes) remains the largest aluminium consuming country worldwide, accounting for 53% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.2M tonnes), ninefold. India (2.8M tonnes) ranked third in terms of total consumption with a 4.1% share.

What are the largest producers of aluminium in the world?

+

The country with the largest volume of aluminium production was China (36M tonnes), comprising approx. 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, India (4.5M tonnes), eightfold. Russia (3.6M tonnes) ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of aluminium to Sweden?

+

In value terms, Norway ($245M) constituted the largest supplier of aluminium to Sweden, comprising 67% of total imports. The second position in the ranking was occupied by Russia ($27M), with a 7.3% share of total imports. It was followed by Spain, with a 5.9% share.

What are the leading importers of aluminium from Sweden?

+

In value terms, Poland ($138M) remains the key foreign market for aluminium exports from Sweden, comprising 37% of total exports. The second position in the ranking was occupied by Spain ($68M), with a 18% share of total exports. It was followed by Germany, with a 17% share.

What is the average export price for aluminium in Sweden?

+

In 2019, the average aluminium export price amounted to $2,070 per tonne, declining by -13.5% against the previous year.

What is the average import price for aluminium in Sweden?

+

In 2019, the average aluminium import price amounted to $2,173 per tonne, reducing by -13.4% against the previous year.