Sweden: Iron Household Articles Market 2024

Iron Household Articles Market Size in Sweden

In 2023, after two years of growth, there was significant decline in the Swedish iron household articles market, when its value decreased by X% to $X. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Iron Household Articles Production in Sweden

In value terms, iron household articles production shrank to $X in 2023 estimated in export price. Overall, production recorded a pronounced contraction. The growth pace was the most rapid in 2018 when the production volume increased by X%. Iron household articles production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Iron Household Articles Exports

Exports from Sweden

In 2023, exports of table, kitchen or household articles and parts of iron from Sweden contracted to X tons, reducing by X% compared with the year before. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, iron household articles exports reduced modestly to $X in 2023. In general, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for iron household articles exports from Sweden, with a X% share of total exports. Moreover, iron household articles exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), threefold. Finland (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Norway totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Finland (X% per year).

In value terms, Norway ($X) remains the key foreign market for table, kitchen or household articles and parts of iron exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with a X% share of total exports. It was followed by Finland, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Finland (X% per year).

Export Prices by Country

The average iron household articles export price stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of 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 highest price was recorded for prices to the United States ($X per ton) and Denmark ($X per ton), while the average price for exports to Poland ($X per ton) and Australia ($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.

Iron Household Articles Imports

Imports into Sweden

In 2023, the amount of table, kitchen or household articles and parts of iron imported into Sweden reduced markedly to X tons, dropping by X% against the year before. Over the period under review, imports showed a slight descent. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, iron household articles imports shrank remarkably to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then fell markedly in the following year.

Imports by Country

China (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of iron household articles imports to Sweden, together comprising X% of total imports. Denmark, Italy, Vietnam, India, Taiwan (Chinese) and Egypt lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of iron to Sweden, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

Import Prices by Country

The average iron household articles import price stood at $X per ton in 2023, which is down by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform