Scandinavia: Metal Chain Market 2025

Metal Chain Market Size in Scandinavia

The Scandinavia metal chain market dropped dramatically to $X in 2022, which is down by -34.7% against the previous year. In general, consumption saw a slight decrease. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Metal Chain Production in Scandinavia

In value terms, metal chain production shrank to $X in 2022 estimated in export price. In general, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 133%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Metal Chain Exports

Exports in Scandinavia

In 2022, overseas shipments of iron or steel chain increased by 12% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed a modest expansion. The growth pace was the most rapid in 2015 with an increase of 232% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, metal chain exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 162%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Norway (X tons) was the largest exporter of iron or steel chain, making up 68% of total exports. It was distantly followed by Sweden (X tons), comprising a 31% share of total exports.

Norway was also the fastest-growing in terms of the iron or steel chain exports, with a CAGR of +7.7% from 2012 to 2022. Sweden (-4.3%) illustrated a downward trend over the same period. While the share of Norway (+30 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-24.9 p.p.) displayed negative dynamics.

In value terms, Norway ($X) remains the largest metal chain supplier in Scandinavia, comprising 66% of total exports. The second position in the ranking was taken by Sweden ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Norway totaled +2.5%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, surging by 9.4% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 28%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-0.0%).

Metal Chain Imports

Imports in Scandinavia

In 2022, imports of iron or steel chain in Scandinavia contracted notably to X tons, declining by -26.6% against 2021. In general, imports, however, showed perceptible growth. The pace of growth appeared the most rapid in 2019 when imports increased by 90% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, metal chain imports dropped significantly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 107% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Norway represented the major importing country with an import of about X tons, which amounted to 75% of total imports. Sweden (X tons) ranks second in terms of the total imports with a 17% share, followed by Finland (8.2%).

Imports into Norway increased at an average annual rate of +3.5% from 2012 to 2022. At the same time, Sweden (+3.8%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +3.8% from 2012-2022. By contrast, Finland (-5.4%) illustrated a downward trend over the same period. Norway (+7.7 p.p.) and Sweden (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Finland saw its share reduced by -9.9% from 2012 to 2022, respectively.

In value terms, Norway ($X) constitutes the largest market for imported iron or steel chain in Scandinavia, comprising 69% of total imports. The second position in the ranking was held by Sweden ($X), with a 22% share of total imports.

In Norway, metal chain imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (+2.3% per year) and Finland (-6.5% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, rising by 8.6% against the previous year. Overall, the import price, however, saw a perceptible descent. The pace of growth was the most pronounced in 2021 an increase of 54% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, 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 (-1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform