Sweden: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in Sweden

The Swedish non-alloy steel u-section market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Alloy Steel U-Section Production in Sweden

In value terms, non-alloy steel u-section production contracted to $X in 2022 estimated in export price. Overall, production showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Alloy Steel U-Section Exports

Exports from Sweden

In 2022, non-alloy steel u-section exports from Sweden amounted to X tons, picking up by X% against 2021. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-alloy steel u-section exports skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

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

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

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

From 2012 to 2022, the average annual growth rate of value to Norway totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Latvia (X% per year).

Export Prices by Country

The average non-alloy steel u-section export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price recorded a moderate increase. The growth pace was the most rapid in 2021 an increase of 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Latvia ($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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports into Sweden

Non-alloy steel u-section imports into Sweden fell to X tons in 2022, with a decrease of X% on the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-alloy steel u-section imports expanded sharply to $X in 2022. Overall, total imports indicated a mild expansion 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of non-alloy steel u-section to Sweden, accounting for a X% share of total imports. Moreover, non-alloy steel u-section imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold. The third position in this ranking was held by Luxembourg (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Luxembourg (X% per year).

In value terms, Germany ($X) constituted the largest supplier of u-sections of non-alloy steel to Sweden, comprising X% of total imports. The second position in the ranking was taken by Luxembourg ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average non-alloy steel u-section import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated a perceptible 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 u-section import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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