Sweden: Winding Wire Market 2024

Winding Wire Market Size in Sweden

The Swedish winding wire market expanded sharply to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt decline. Winding wire consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Winding Wire Production in Sweden

In value terms, winding wire production stood at $X in 2022 estimated in export price. In general, production, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Winding Wire Exports

Exports from Sweden

In 2022, shipments abroad of winding wire for electrical purposes increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, winding wire exports rose notably to $X in 2022. In general, total exports indicated a slight 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for winding wire exports from Sweden, with a X% share of total exports. Moreover, winding wire exports to Germany exceeded the volume sent to the second major destination, Finland (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a X% share.

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

In value terms, Germany ($X) remains the key foreign market for winding wire for electrical purposes exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

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

Export Prices by Country

The average winding wire export price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Denmark ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to France ($X per ton) and Hungary ($X per ton) were 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.

Winding Wire Imports

Imports into Sweden

In 2022, supplies from abroad of winding wire for electrical purposes increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, winding wire imports surged to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure 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 winding wire to Sweden, with a X% share of total imports. Moreover, winding wire imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of winding wire for electrical purposes to Sweden, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Austria (X% per year).

Import Prices by Country

In 2022, the average winding wire import price amounted to $X per ton, with a decrease of X% against the previous year. In general, import price indicated notable growth 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. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked at $X per ton in 2021, and then declined in the following year.

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 Norway ($X per ton), while the price for Finland ($X per ton) was 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