Scandinavia: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Scandinavia

In 2021, the Scandinavia market for ribbed or other deformed wire rod of non-alloy steel was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Scandinavia

In value terms, deformed non-alloy steel wire rod production skyrocketed to $X in 2021 estimated in export price. In general, production showed a pronounced setback. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in Scandinavia

In 2021, approx. X tons of ribbed or other deformed wire rod of non-alloy steel were exported in Scandinavia; surging by 2.7% against the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 30% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod exports skyrocketed to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Norway (X tons) was the main exporter of ribbed or other deformed wire rod of non-alloy steel in Scandinavia, mixing up 99% of total export.

Norway experienced a relatively flat trend pattern with regard to volume of exports of ribbed or other deformed wire rod of non-alloy steel. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) also remains the largest deformed non-alloy steel wire rod supplier in Scandinavia.

From 2012 to 2021, the average annual rate of growth in terms of value in Norway totaled +2.5%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, picking up by 65% against the previous year. Export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2021, the rate of growth in terms of prices for Norway amounted to +2.2% per year.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in Scandinavia

In 2021, purchases abroad of ribbed or other deformed wire rod of non-alloy steel increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 28%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod imports skyrocketed to $X in 2021. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons), distantly followed by Denmark (X tons), Finland (X tons), Norway (X tons) and Iceland (X tons) represented the key importers of ribbed or other deformed wire rod of non-alloy steel, together constituting 100% of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +15.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest deformed non-alloy steel wire rod importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), with a combined 77% share of total imports. Norway and Iceland lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, Norway, with a CAGR of +16.7%, saw 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 2021, the import price in Scandinavia amounted to $X per ton, with an increase of 50% against the previous year. Import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, deformed non-alloy steel wire rod import price increased by +38.6% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform