Scandinavia: Market for Forged Bars Of Stainless Steel 2025

Market Size for Forged Bars Of Stainless Steel in Scandinavia

The Scandinavia forged stainless steel bar market amounted to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Forged Bars Of Stainless Steel in Scandinavia

In value terms, forged stainless steel bar production shrank modestly to $X in 2022 estimated in export price. Overall, production showed a noticeable decrease. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Forged Bars Of Stainless Steel

Exports in Scandinavia

In 2022, overseas shipments of forged bars of stainless steel decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, forged stainless steel bar exports rose notably to $X in 2022. In general, exports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Norway (X tons), achieving a X% share of total exports.

Sweden was also the fastest-growing in terms of the forged bars of stainless steel exports, with a CAGR of X% from 2012 to 2022. Norway (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest forged stainless steel bar supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to X%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, forged stainless steel bar export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%).

Imports of Forged Bars Of Stainless Steel

Imports in Scandinavia

In 2022, overseas purchases of forged bars of stainless steel decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports, however, saw tangible growth. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, forged stainless steel bar imports soared to $X in 2022. Overall, imports, however, showed a temperate expansion. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Sweden (X tons) was the largest importer of forged bars of stainless steel, making up X% of total imports. Norway (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Finland (X%).

Sweden was also the fastest-growing in terms of the forged bars of stainless steel imports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. By contrast, Norway (X%) illustrated a downward trend over the same period. Sweden (X p.p.) and Finland (X p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest forged stainless steel bar importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Finland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform