Scandinavia: Metal Wool Market 2025

Metal Wool Market Size in Scandinavia

The Scandinavia metal wool market fell notably to $X in 2022, with a decrease of -28.8% against the previous year. Over the period under review, consumption showed a pronounced downturn. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Metal Wool Production in Scandinavia

In value terms, metal wool production declined to $X in 2022 estimated in export price. Overall, production showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 68% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Metal Wool Exports

Exports in Scandinavia

Metal wool exports soared to X tons in 2022, picking up by 117% compared with 2021 figures. Overall, exports recorded a tangible expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal wool exports skyrocketed to $X in 2022. In general, exports recorded a mild expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden dominates exports structure, finishing at X tons, which was near 95% of total exports in 2022. Norway (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the iron or steel wool exports, with a CAGR of +13.2% from 2012 to 2022. Norway (-21.4%) illustrated a downward trend over the same period. While the share of Sweden (+55 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-55.3 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest metal wool supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was taken by Norway ($X), with a 6.8% share of total exports.

In Sweden, metal wool exports expanded at an average annual rate of +8.0% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, declining by -21.9% against the previous year. Overall, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the export price increased by 37% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat 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 Norway ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+4.9%).

Metal Wool Imports

Imports in Scandinavia

In 2022, supplies from abroad of iron or steel wool was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, metal wool imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 11%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) was the main importer of iron or steel wool, creating 68% of total imports. Norway (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Finland (14%).

Sweden was also the fastest-growing in terms of the iron or steel wool imports, with a CAGR of +6.0% from 2012 to 2022. Finland (-2.4%) and Norway (-4.2%) illustrated a downward trend over the same period. Sweden (+23 p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by -7.2% and -15.3% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported iron or steel wool in Scandinavia, comprising 57% of total imports. The second position in the ranking was taken by Norway ($X), with a 25% share of total imports.

In Sweden, metal wool imports expanded at an average annual rate of +4.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (-2.9% per year) and Finland (-1.2% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, waning by -17.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 13% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank rapidly in the following year.

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 Norway (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform