Sweden: Market for Iron or Steel Wire Products 2024

Market Size for Iron or Steel Wire Products in Sweden

In 2022, after two years of growth, there was significant decline in the Swedish market for iron or steel wire products, when its value decreased by X% to $X. Overall, the total consumption indicated notable growth from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Iron or Steel Wire Products in Sweden

In value terms, iron or steel wire product production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced setback. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Iron or steel wire product production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Exports of Iron or Steel Wire Products

Exports from Sweden

In 2022, approx. X tons of iron or steel wire products were exported from Sweden; shrinking by X% against 2021 figures. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel wire product exports reduced to $X in 2022. Over the period under review, exports recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Finland (X tons) and Germany (X tons) were the main destinations of iron or steel wire product exports from Sweden, with a combined X% share of total exports. Denmark, Poland, the Netherlands, the Czech Republic, the United States, the UK, Estonia, Italy, Mexico and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for iron or steel wire products exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average export price for iron or steel wire products amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Wire Products

Imports into Sweden

In 2022, supplies from abroad of iron or steel wire products increased by X% to X tons, rising for the seventh year in a row after three years of decline. Overall, imports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, iron or steel wire product imports expanded remarkably to $X in 2022. In general, imports posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Latvia (X tons) were the main suppliers of iron or steel wire product imports to Sweden, together comprising X% of total imports. China, India, Belgium, Norway, Poland and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel wire product suppliers to Sweden were China ($X), Germany ($X) and the Czech Republic ($X), together accounting for X% of total imports. India, Belgium, Latvia, Taiwan (Chinese), Norway and Poland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron or steel wire products stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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