Scandinavia: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in Scandinavia

The Scandinavia non-malleable cast iron articles market soared to $X in 2022, picking up by 26% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Articles Of Non-Malleable Cast Iron in Scandinavia

In value terms, non-malleable cast iron articles production dropped modestly to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 71%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Articles Of Non-Malleable Cast Iron

Exports in Scandinavia

In 2022, approx. X tons of articles of non-malleable cast iron were exported in Scandinavia; dropping by -13.2% on the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 35% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-malleable cast iron articles exports contracted to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 25% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Norway was the key exporting country with an export of about X tons, which recorded 73% of total exports. Finland (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (10%).

Norway was also the fastest-growing in terms of the articles of non-malleable cast iron exports, with a CAGR of +7.0% from 2012 to 2022. Finland (-2.9%) and Sweden (-12.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway increased by +36 percentage points.

In value terms, Norway ($X) remains the largest non-malleable cast iron articles supplier in Scandinavia, comprising 69% of total exports. The second position in the ranking was held by Sweden ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Norway stood at +4.1%. In the other countries, the average annual rates were as follows: Sweden (-8.6% per year) and Finland (-2.0% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, with an increase of 9.7% against the previous year. Over the period under review, the export price, however, saw a slight decline. The pace of growth was the most pronounced in 2021 an increase of 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Articles Of Non-Malleable Cast Iron

Imports in Scandinavia

In 2022, purchases abroad of articles of non-malleable cast iron was finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 13%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-malleable cast iron articles imports surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) and Finland (X tons) represented the key importers of articles of non-malleable cast iron in Scandinavia, together mixing up 81% of total imports. It was distantly followed by Norway (X tons), mixing up a 19% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sweden (with a CAGR of +0.9%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Sweden, with a CAGR of +3.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2013 an increase of 12%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform