Sweden: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in Sweden

The Swedish non-alloy steel h-sections market fell to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a slight descent. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel H-Sections Production in Sweden

In value terms, non-alloy steel h-sections production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Non-alloy steel h-sections production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Alloy Steel H-Sections Exports

Exports from Sweden

In 2022, overseas shipments of h-sections of of non-alloy steel increased by X% to X tons, rising for the eighth year in a row after two years of decline. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, non-alloy steel h-sections exports soared to $X in 2022. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for non-alloy steel h-sections exports from Sweden, accounting for a X% share of total exports. Moreover, non-alloy steel h-sections exports to Norway exceeded the volume sent to the second major destination, Hungary (X tons), eightfold. The third position in this ranking was taken by Denmark (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Denmark (X% per year).

In value terms, Norway ($X) remains the key foreign market for h-sections of of non-alloy steel exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

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

Export Prices by Country

The average non-alloy steel h-sections export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, export price indicated a measured expansion 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, non-alloy steel h-sections export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Finland ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel H-Sections Imports

Imports into Sweden

In 2022, after two years of growth, there was significant decline in supplies from abroad of h-sections of of non-alloy steel, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, non-alloy steel h-sections imports expanded sharply to $X in 2022. In general, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid 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 years to come.

Imports by Country

Germany (X tons), Luxembourg (X tons) and the UK (X tons) were the main suppliers of non-alloy steel h-sections imports to Sweden, together comprising X% of total imports.

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

In value terms, Germany ($X), Luxembourg ($X) and the UK ($X) appeared to be the largest non-alloy steel h-sections suppliers to Sweden, with a combined X% share of total imports.

Among the main suppliers, the UK, with a CAGR of X%, recorded the highest growth rate of 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 non-alloy steel h-sections import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, import price indicated a pronounced expansion 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, non-alloy steel h-sections import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Denmark ($X per ton) and the UK ($X per ton), while the price for Spain ($X per ton) and Luxembourg ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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