Scandinavia: Non-Alloy Steel I-Sections Market 2025

Non-Alloy Steel I-Sections Market Size in Scandinavia

In 2021, the Scandinavia non-alloy steel i-sections market increased by 37% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern 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.

Non-Alloy Steel I-Sections Production in Scandinavia

In value terms, non-alloy steel i-sections production stood at $X in 2021 estimated in export price. In general, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 34% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Non-Alloy Steel I-Sections Exports

Exports in Scandinavia

In 2021, the amount of i-sections of non-alloy steel exported in Scandinavia soared to X tons, rising by 20% compared with the previous year's figure. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 117% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-alloy steel i-sections exports soared to $X in 2021. In general, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark was the main exporting country with an export of around X tons, which finished at 74% of total exports. It was distantly followed by Sweden (X tons), creating a 15% share of total exports. Norway (X tons), Finland (X tons) and Iceland (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to non-alloy steel i-sections exports from Denmark stood at +10.2%. At the same time, Iceland (+56.4%), Sweden (+33.8%) and Finland (+15.4%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +56.4% from 2012-2021. By contrast, Norway (-15.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark, Sweden, Iceland and Finland increased by +16, +13, +3.3 and +1.7 percentage points, respectively.

In value terms, Denmark ($X) remains the largest non-alloy steel i-sections supplier in Scandinavia, comprising 76% of total exports. The second position in the ranking was taken by Sweden ($X), with a 14% share of total exports. It was followed by Norway, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark stood at +11.2%. In the other countries, the average annual rates were as follows: Sweden (+36.1% per year) and Norway (-18.7% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 49% against the previous year. Over the period under review, the export price, however, recorded a mild reduction. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 Denmark ($X per ton), while Iceland ($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 (+2.9%), while the other leaders experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports in Scandinavia

In 2021, overseas purchases of i-sections of non-alloy steel increased by 4.2% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 17%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, non-alloy steel i-sections imports surged to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X tons) was the major importer of i-sections of non-alloy steel, comprising 52% of total imports. Sweden (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Norway (14%) and Finland (12%).

Denmark was also the fastest-growing in terms of the i-sections of non-alloy steel imports, with a CAGR of +5.7% from 2012 to 2021. At the same time, Norway (+2.3%) displayed positive paces of growth. By contrast, Sweden (-1.1%) and Finland (-4.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported i-sections of non-alloy steel in Scandinavia, comprising 51% of total imports. The second position in the ranking was taken by Sweden ($X), with a 22% share of total imports. It was followed by Norway, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Denmark totaled +8.7%. In the other countries, the average annual rates were as follows: Sweden (-1.9% per year) and Norway (+3.6% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, growing by 54% against the previous year. Import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained 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 Norway ($X per ton) and Sweden ($X per ton), while Finland ($X per ton) and Denmark ($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 (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform