Scandinavia: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2025

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Scandinavia

The Scandinavia market for hot-rolled wire rod in coil of stainless steel skyrocketed to $X in 2022, jumping by 84% against the previous year. In general, consumption recorded perceptible growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Scandinavia

In value terms, hot-rolled wire stainless steel rod production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild reduction. The growth pace was the most rapid in 2017 when the production volume increased by 10% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in Scandinavia

Hot-rolled wire stainless steel rod exports reduced slightly to X tons in 2022, dropping by -4.7% compared with the year before. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of X tons, and then fell slightly in the following year.

In value terms, hot-rolled wire stainless steel rod exports surged to $X in 2022. Total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Sweden (X tons) was the key exporter of hot-rolled wire rod in coil of stainless steel in Scandinavia, generating 100% of total export.

Sweden was also the fastest-growing in terms of the hot-rolled wire rod in coil of stainless steel exports, with a CAGR of +1.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest hot-rolled wire stainless steel rod supplier in Scandinavia.

In Sweden, hot-rolled wire stainless steel rod exports increased at an average annual rate of +3.7% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, picking up by 38% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire stainless steel rod export price increased by +73.1% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +1.8% per year.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in Scandinavia

For the fourth consecutive year, Scandinavia recorded growth in overseas purchases of hot-rolled wire rod in coil of stainless steel, which increased by 57% to X tons in 2022. In general, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled wire stainless steel rod imports surged to $X in 2022. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Finland represented the key importer of hot-rolled wire rod in coil of stainless steel in Scandinavia, with the volume of imports accounting for X tons, which was near 73% of total imports in 2022. It was distantly followed by Sweden (X tons) and Norway (X tons), together creating a 27% share of total imports.

Imports into Finland increased at an average annual rate of +13.7% from 2012 to 2022. At the same time, Sweden (+14.8%) and Norway (+8.3%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +14.8% from 2012-2022. From 2012 to 2022, the share of Sweden increased by +2.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in Scandinavia, comprising 66% of total imports. The second position in the ranking was held by Sweden ($X), with a 30% share of total imports.

In Finland, hot-rolled wire stainless steel rod imports increased at an average annual rate of +15.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sweden (+9.7% per year) and Norway (+8.0% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, rising by 11% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 60% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform