Scandinavia: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in Scandinavia

In 2021, the Scandinavia iron or steel can market increased by 21% to $X, rising for the second year in a row after three years of decline. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.8% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Iron or Steel Cans in Scandinavia

In value terms, iron or steel can production expanded sharply to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 40% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Iron or Steel Cans

Exports in Scandinavia

In 2021, approx. X units of iron or steel cans were exported in Scandinavia; shrinking by -5.5% on 2020 figures. Over the period under review, exports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2017 with an increase of 16%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, iron or steel can exports rose slightly to $X in 2021. In general, exports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 16% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark represented the key exporting country with an export of about X units, which amounted to 68% of total exports. Sweden (X units) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by Finland (9.6%).

Exports from Denmark decreased at an average annual rate of -3.2% from 2012 to 2021. At the same time, Finland (+16.9%) and Sweden (+1.8%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +16.9% from 2012-2021. While the share of Finland (+7.5 p.p.) and Sweden (+5.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-12.9 p.p.) displayed negative dynamics.

In value terms, Denmark ($X) remains the largest iron or steel can supplier in Scandinavia, comprising 75% of total exports. The second position in the ranking was held by Sweden ($X), with a 20% share of total exports.

In Denmark, iron or steel can exports decreased by an average annual rate of -2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (+0.9% per year) and Finland (+10.9% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, picking up by 10% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per unit 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, the country with the highest price was Denmark ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Iron or Steel Cans

Imports in Scandinavia

In 2021, supplies from abroad of iron or steel cans increased by 0.8% to X units, rising for the second year in a row after two years of decline. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.5% 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 +12.8% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 38% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, iron or steel can imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 26%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X units) represented the major importer of iron or steel cans, mixing up 57% of total imports. Norway (X units) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Sweden (16%) and Finland (5.6%). Iceland (X units) held a relatively small share of total imports.

Denmark experienced a relatively flat trend pattern with regard to volume of imports of iron or steel cans. At the same time, Iceland (+14.1%), Norway (+7.9%), Sweden (+3.8%) and Finland (+2.7%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +14.1% from 2012-2021. While the share of Norway (+7 p.p.) and Sweden (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Denmark (-10.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported iron or steel cans in Scandinavia, comprising 58% of total imports. The second position in the ranking was taken by Norway ($X), with a 17% share of total imports. It was followed by Sweden, with a 16% share.

In Denmark, iron or steel can imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+3.3% per year) and Sweden (+5.2% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, with an increase of 19% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform