Scandinavia: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Scandinavia

The Scandinavia metal spring washer market declined modestly to $X in 2022, which is down by -3.1% against the previous year. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.2% against 2016 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Metal Spring Washer Production in Scandinavia

In value terms, metal spring washer production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% 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 2014 with an increase of 29%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Spring Washer Exports

Exports in Scandinavia

In 2022, exports of iron or steel spring washers in Scandinavia contracted to X tons, declining by -3.2% against 2021. The total export volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 36%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, metal spring washer exports declined modestly to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +20.4% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 37%. The level of export peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Sweden prevails in exports structure, finishing at X tons, which was near 96% of total exports in 2022. Finland (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the iron or steel spring washers exports, with a CAGR of +3.8% from 2012 to 2022. Finland (-5.4%) illustrated a downward trend over the same period. Sweden (+8.5 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -4.5% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest metal spring washer supplier in Scandinavia, comprising 96% of total exports. The second position in the ranking was taken by Finland ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled +6.4%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, picking up by 2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2013 an increase of 16%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Finland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+13.9%).

Metal Spring Washer Imports

Imports in Scandinavia

In 2022, approx. X tons of iron or steel spring washers were imported in Scandinavia; increasing by 10% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, metal spring washer imports fell to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.3% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of $X, and then reduced slightly in the following year.

Imports by Country

Sweden was the major importing country with an import of about X tons, which resulted at 58% of total imports. Finland (X tons) held a 29% share (based on physical terms) of total imports, which put it in second place, followed by Norway (13%).

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +8.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal spring washer importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Among the main importing countries, Finland, with a CAGR of +9.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with a decrease of -11.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2020 an increase of 17%. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($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 (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform