Scandinavia: Base Metal Hinge Market 2025

Base Metal Hinge Market Size in Scandinavia

In 2021, the Scandinavia base metal hinge market increased by 3% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Base Metal Hinge Production in Scandinavia

In value terms, base metal hinge production reached $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 9.2%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Base Metal Hinge Exports

Exports in Scandinavia

After four years of decline, overseas shipments of base metal hinges increased by 28% to X tons in 2021. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal hinge exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden was the key exporter of base metal hinges in Scandinavia, with the volume of exports amounting to X tons, which was near 71% of total exports in 2021. Denmark (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Finland (11%) and Norway (6%).

Sweden was also the fastest-growing in terms of the base metal hinges exports, with a CAGR of +5.8% from 2012 to 2021. At the same time, Finland (+3.7%) displayed positive paces of growth. Denmark experienced a relatively flat trend pattern. By contrast, Norway (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest base metal hinge supplier in Scandinavia, comprising 57% of total exports. The second position in the ranking was taken by Denmark ($X), with a 24% share of total exports. It was followed by Finland, with a 10% share.

In Sweden, base metal hinge exports increased at an average annual rate of +6.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Denmark (+2.5% per year) and Finland (+7.7% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 11%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.8%), while the other leaders experienced more modest paces of growth.

Base Metal Hinge Imports

Imports in Scandinavia

Base metal hinge imports reached X tons in 2021, flattening at the previous year's figure. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by +0.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 19%. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, base metal hinge imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +5.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the main importing country with an import of about X tons, which reached 49% of total imports. It was distantly followed by Denmark (X tons), Finland (X tons) and Norway (X tons), together comprising a 50% share of total imports.

Imports into Sweden increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, Denmark (+10.4%), Finland (+4.2%) and Norway (+3.1%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +10.4% from 2012-2021. While the share of Denmark (+9.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sweden (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) were the countries with the highest levels of imports in 2021, together accounting for 87% of total imports.

In terms of the main importing countries, Denmark, with a CAGR of +8.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2013 when the import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform