Scandinavia: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Scandinavia

The Scandinavia hot-dipped metal-coated sheet market was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hot-Dipped Metal-Coated Sheet Production in Scandinavia

In value terms, hot-dipped metal-coated sheet production surged to $X in 2021 estimated in export price. In general, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 95%. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in the near future.

Hot-Dipped Metal-Coated Sheet Exports

Exports in Scandinavia

In 2021, approx. X tons of hot-dipped metal-coated sheet were exported in Scandinavia; surging by 18% compared with 2020 figures. Over the period under review, exports, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 35% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Finland was the major exporting country with an export of around X tons, which amounted to 78% of total exports. It was distantly followed by Sweden (X tons), generating an 18% share of total exports. Denmark (X tons) took a minor share of total exports.

Exports from Finland decreased at an average annual rate of -2.2% from 2012 to 2021. At the same time, Denmark (+1.2%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +1.2% from 2012-2021. By contrast, Sweden (-7.7%) illustrated a downward trend over the same period. Finland (+10 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -8.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) remains the largest hot-dipped metal-coated sheet supplier in Scandinavia, comprising 76% of total exports. The second position in the ranking was taken by Sweden ($X), with a 20% share of total exports.

In Finland, hot-dipped metal-coated sheet exports expanded at an average annual rate of +1.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (-4.8% per year) and Denmark (+2.4% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 48% against the previous year. Export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per ton), while Finland ($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 (+3.4%), while the other leaders experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports in Scandinavia

In 2021, overseas purchases of hot-dipped metal-coated sheet were finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, hot-dipped metal-coated sheet imports soared to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the largest importer of hot-dipped metal-coated sheet in Scandinavia, with the volume of imports finishing at X tons, which was approx. 80% of total imports in 2021. Denmark (X tons) took the second position in the ranking, followed by Finland (X tons). All these countries together took approx. 16% share of total imports. Norway (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to hot-dipped metal-coated sheet imports into Sweden stood at +3.0%. At the same time, Finland (+4.0%) and Denmark (+1.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +4.0% from 2012-2021. By contrast, Norway (-3.6%) illustrated a downward trend over the same period. Sweden (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported hot-dipped metal-coated sheet in Scandinavia, comprising 80% of total imports. The second position in the ranking was held by Denmark ($X), with an 11% share of total imports. It was followed by Finland, with a 5.6% share.

In Sweden, hot-dipped metal-coated sheet imports expanded at an average annual rate of +5.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Denmark (+4.2% per year) and Finland (+7.3% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, with an increase of 46% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Finland ($X per ton) and Norway ($X per ton), while Sweden ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform