Scandinavia: Copper Chain Market 2024

Copper Chain Market Size in Scandinavia

The Scandinavia copper chain market fell dramatically to $X in 2022, which is down by -18.6% against the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +23.5% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Copper Chain Production in Scandinavia

In value terms, copper chain production totaled $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 -6.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Copper Chain Exports

Exports in Scandinavia

Copper chain exports soared to X tons in 2022, rising by 38% on 2021. Over the period under review, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 116% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, copper chain exports rose remarkably to $X in 2022. In general, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 67%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X tons) represented the key exporter of chain and parts thereof of copper, constituting 81% of total exports. It was distantly followed by Finland (X kg) and Norway (X kg), together creating a 19% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to copper chain exports from Sweden stood at -13.8%. At the same time, Finland (+90.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +90.5% from 2012-2022. By contrast, Norway (-22.6%) illustrated a downward trend over the same period. Finland (+10 p.p.) and Sweden (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by -14.9% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest copper chain supplier in Scandinavia, comprising 93% of total exports. The second position in the ranking was held by Finland ($X), with a 5.4% share of total exports.

In Sweden, copper chain exports declined by an average annual rate of -6.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+64.3% per year) and Norway (-28.5% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, which is down by -22.1% against the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by 211%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($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 (+8.9%), while the other leaders experienced a decline in the export price figures.

Copper Chain Imports

Imports in Scandinavia

In 2022, approx. X tons of chain and parts thereof of copper were imported in Scandinavia; waning by -36% on 2021 figures. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 221%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, copper chain imports fell to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 55% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Sweden represented the main importing country with an import of around X tons, which accounted for 63% of total imports. It was distantly followed by Norway (X tons), generating a 33% share of total imports. Finland (X kg) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +14.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest copper chain importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X), with a combined 99.9% share of total imports.

Sweden, with a CAGR of +20.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, rising by 43% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 142% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Sweden (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform