Scandinavia: Expanded Metal Market 2025

Expanded Metal Market Size in Scandinavia

In 2022, the Scandinavia expanded metal market decreased by -10% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption continues to indicate a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Expanded Metal Production in Scandinavia

In value terms, expanded metal production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Expanded Metal Exports

Exports in Scandinavia

In 2022, the amount of iron or steel expanded metal exported in Scandinavia soared to X tons, with an increase of 38% on the previous year. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 150% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, expanded metal exports fell markedly to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of 133%. The level of export peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Sweden prevails in exports structure, finishing at X tons, which was approx. 97% of total exports in 2022. Finland (X tons) took a minor share of total exports.

Sweden was also the fastest-growing in terms of the iron or steel expanded metal exports, with a CAGR of +13.1% from 2012 to 2022. Finland (-15.5%) illustrated a downward trend over the same period. Sweden (+26 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -26.7% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest expanded metal supplier in Scandinavia, comprising 98% of total exports. The second position in the ranking was held by Finland ($X), with a 1.2% share of total exports.

In Sweden, expanded metal exports expanded at an average annual rate of +16.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, reducing by -43.4% against the previous year. Overall, the export price, however, saw a notable increase. The pace of growth was the most pronounced in 2018 an increase of 82% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.0%).

Expanded Metal Imports

Imports in Scandinavia

In 2022, overseas purchases of iron or steel expanded metal decreased by -18.3% to X tons, falling for the fifth consecutive year after three years of growth. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 12% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, expanded metal imports stood at $X in 2022. Over the period under review, imports recorded a noticeable decline. The growth pace was the most rapid in 2018 when imports increased by 22%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Finland (X tons) represented the major importer of iron or steel expanded metal, making up 69% of total imports. It was distantly followed by Sweden (X tons) and Norway (X tons), together committing a 31% share of total imports.

Finland was also the fastest-growing in terms of the iron or steel expanded metal imports, with a CAGR of -3.7% from 2012 to 2022. Norway (-7.6%) and Sweden (-13.9%) illustrated a downward trend over the same period. While the share of Finland (+21 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-20.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) constitutes the largest market for imported iron or steel expanded metal in Scandinavia, comprising 66% of total imports. The second position in the ranking was taken by Norway ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Finland was relatively modest. In the other countries, the average annual rates were as follows: Norway (-6.4% per year) and Sweden (-7.4% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, growing by 23% against the previous year. Overall, the import price showed a moderate increase. The pace of growth appeared the most rapid in 2021 an increase of 34%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform