Scandinavia: Base Metal Hook Market 2024

Base Metal Hook Market Size in Scandinavia

In 2022, the Scandinavia base metal hook market increased by 11% to $X, rising for the fifth year in a row after four years of decline. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.9% against 2017 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Base Metal Hook Production in Scandinavia

In value terms, base metal hook production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent increase. The growth pace was the most rapid in 2013 when the production volume increased by 172%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Base Metal Hook Exports

Exports in Scandinavia

In 2022, shipments abroad of base metal hooks, eyes and eyelets increased by 44% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2014 when exports increased by 45%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal hook exports skyrocketed to $X in 2022. In general, exports, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 47%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) and Norway (X tons) represented roughly 85% of total exports in 2022. It was distantly followed by Finland (X tons), creating a 15% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Norway (with a CAGR of +11.0%), while the other leaders experienced a decline in the exports figures.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2022.

Sweden, with a CAGR of -0.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, with a decrease of -2.8% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook export price increased by +27.0% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 31% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 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 (+6.2%), while the other leaders experienced mixed trends in the export price figures.

Base Metal Hook Imports

Imports in Scandinavia

In 2022, base metal hook imports in Scandinavia soared to X tons, growing by 38% on 2021 figures. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +115.9% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal hook imports surged to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +98.9% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Sweden (X tons) represented the largest importer of base metal hooks, eyes and eyelets, achieving 52% of total imports. It was distantly followed by Norway (X tons) and Finland (X tons), together generating a 48% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of +6.1%), while imports for the other leaders experienced mixed trends in the imports figures.

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

Among the main importing countries, Sweden, with a CAGR of +7.3%, recorded the highest growth rate of 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 2022, declining by -10.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 37%. The level of import peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($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 (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform