Sweden: Market for Hot-Rolled Round Bars Of Stainless Steel 2024

Market Size for Hot-Rolled Round Bars Of Stainless Steel in Sweden

The Swedish hot-rolled round stainless steel market expanded markedly to $X in 2023, rising by X% against the previous year. Over the period under review, consumption saw a strong expansion. Hot-rolled round stainless steel consumption peaked in 2023 and is likely to see steady growth in years to come.

Production of Hot-Rolled Round Bars Of Stainless Steel in Sweden

In value terms, hot-rolled round stainless steel production rose to $X in 2023 estimated in export price. In general, production, however, saw buoyant growth. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level in 2023 and is expected to retain growth in the near future.

Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports from Sweden

After two years of growth, overseas shipments of hot-rolled round bars of stainless steel decreased by X% to X tons in 2023. Overall, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, hot-rolled round stainless steel exports reduced markedly to $X in 2023. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then plummeted in the following year.

Exports by Country

The UK (X tons), Germany (X tons) and Italy (X tons) were the main destinations of hot-rolled round stainless steel exports from Sweden, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-rolled round stainless steel exported from Sweden were the UK ($X), Germany ($X) and Italy ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of X%, 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

In 2023, the average hot-rolled round stainless steel export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hot-rolled round stainless steel export price increased by X% against 2016 indices. The growth pace was the most rapid in 2022 when the average export price increased by X%. The export price peaked in 2023 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Spain ($X per ton), while the average price for exports to Mexico ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports into Sweden

In 2023, approx. X tons of hot-rolled round bars of stainless steel were imported into Sweden; falling by X% compared with 2022 figures. In general, imports recorded a perceptible reduction. The growth pace was the most rapid in 2022 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, hot-rolled round stainless steel imports dropped remarkably to $X in 2023. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of hot-rolled round stainless steel imports to Sweden, together accounting for X% of total imports. Spain, France, Austria, India and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled round stainless steel suppliers to Sweden were Italy ($X), Germany ($X) and Denmark ($X), together comprising X% of total imports. Austria, Spain, France, the UK and India lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average hot-rolled round stainless steel import price stood at $X per ton in 2023, rising by X% against the previous year. Overall, the import price recorded a measured expansion. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform