Scandinavia: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Scandinavia

The Scandinavia ferro-cerium and pyrophoric alloys market rose modestly to $X in 2021, surging by 1.6% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Production of Ferro-Cerium And Pyrophoric Alloys in Scandinavia

In value terms, ferro-cerium and pyrophoric alloys production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 24%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Scandinavia

For the fourth consecutive year, Scandinavia recorded growth in overseas shipments of ferro-cerium and pyrophoric alloys, which increased by 46% to X tons in 2021. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2021. Overall, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden represented the major exporting country with an export of around X tons, which reached 77% of total exports. It was distantly followed by Finland (X tons), generating a 22% share of total exports.

Sweden was also the fastest-growing in terms of the ferro-cerium and pyrophoric alloys exports, with a CAGR of +12.3% from 2012 to 2021. At the same time, Finland (+12.2%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in Scandinavia, comprising 84% of total exports. The second position in the ranking was taken by Finland ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at +9.9%.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, growing by 3.2% against the previous year. Overall, the export price, however, showed a slight downturn. The growth pace was the most rapid in 2013 when the export price increased by 31%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+1.2%).

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Scandinavia

In 2021, after two years of decline, there was significant growth in overseas purchases of ferro-cerium and pyrophoric alloys, when their volume increased by 26% to X tons. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports surged to $X in 2021. Total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% 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 increased by +28.7% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway was the major importing country with an import of around X tons, which resulted at 64% of total imports. Finland (X tons) held the second position in the ranking, followed by Sweden (X tons). All these countries together took approx. 36% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to ferro-cerium and pyrophoric alloys imports into Norway stood at -1.2%. At the same time, Finland (+10.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +10.2% from 2012-2021. By contrast, Sweden (-3.8%) illustrated a downward trend over the same period. Finland (+12 p.p.) significantly strengthened its position in terms of the total imports, while Norway and Sweden saw its share reduced by -5.8% and -6% from 2012 to 2021, respectively.

In value terms, Norway ($X) constitutes the largest market for imported ferro-cerium and pyrophoric alloys in Scandinavia, comprising 60% of total imports. The second position in the ranking was held by Finland ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Norway amounted to +1.4%. In the other countries, the average annual rates were as follows: Finland (+8.5% per year) and Sweden (-2.4% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, increasing by 7.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2017 when the import price increased by 21%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform