Scandinavia: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Scandinavia

In 2021, after five years of growth, there was significant decline in the Scandinavia market for sanitary ware and parts of iron or steel, when its value decreased by -16.8% to $X. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.7% against 2015 indices. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Production of Sanitary Ware And Parts Of Iron Or Steel in Scandinavia

In value terms, iron or steel sanitary ware production shrank to $X in 2021 estimated in export price. The total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.3% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports in Scandinavia

In 2021, overseas shipments of sanitary ware and parts of iron or steel increased by 17% to X tons, rising for the third year in a row after four years of decline. Over the period under review, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 83%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, iron or steel sanitary ware exports skyrocketed to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.5% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Denmark (X tons) represented the major exporter of sanitary ware and parts of iron or steel, making up 66% of total exports. It was distantly followed by Sweden (X tons), making up a 27% share of total exports. Finland (X tons) and Norway (X tons) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the sanitary ware and parts of iron or steel exports, with a CAGR of +11.5% from 2012 to 2021. At the same time, Sweden (+6.5%) and Finland (+4.3%) displayed positive paces of growth. By contrast, Norway (-1.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +12 percentage points.

In value terms, Denmark ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of exports in 2021, together accounting for 96% of total exports.

In terms of the main exporting countries, Sweden, with a CAGR of +6.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, with an increase of 8.4% against the previous year. In general, the export price, however, saw a perceptible contraction. The growth pace was the most rapid in 2018 an increase of 17%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports in Scandinavia

Iron or steel sanitary ware imports expanded sharply to X tons in 2021, increasing by 11% on the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 17%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, iron or steel sanitary ware imports expanded remarkably to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value 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. Based on 2021 figures, imports increased by +66.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Sweden (X tons), Denmark (X tons) and Norway (X tons) was the major importer of sanitary ware and parts of iron or steel in Scandinavia, mixing up 90% of total import. It was distantly followed by Finland (X tons), making up an 8.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +2.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) were the countries with the highest levels of imports in 2021, together accounting for 89% of total imports. Finland lagged somewhat behind, comprising a further 9.9%.

Finland, with a CAGR of +3.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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, dropping by -1.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2016 an increase of 9.6%. The level of import peaked at $X per ton in 2020, and then reduced slightly in the following year.

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

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

Source: IndexBox Platform