Sweden: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in Sweden

In 2022, the Swedish aluminium alloy tube market decreased by -9.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +27.9% against 2019 indices. As a result, consumption reached the peak level of $X, and then fell in the following year.

Aluminium Alloy Tube Production in Sweden

In value terms, aluminium alloy tube production contracted to $X in 2022 estimated in export price. In general, production recorded a abrupt slump. The growth pace was the most rapid in 2021 when the production volume increased by 17% against the previous year. Aluminium alloy tube production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Aluminium Alloy Tube Exports

Exports from Sweden

In 2022, overseas shipments of aluminium alloy tubes and pipes increased by 8.6% to X tons, rising for the third year in a row after five years of decline. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, aluminium alloy tube exports skyrocketed to $X in 2022. In general, exports, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Norway (X tons) and Finland (X tons) were the main destinations of aluminium alloy tube exports from Sweden, with a combined 59% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +32.1%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Norway ($X) and Denmark ($X) constituted the largest markets for aluminium alloy tube exported from Sweden worldwide, with a combined 63% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +29.4%, recorded 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 2022, the average aluminium alloy tube export price amounted to $X per ton, surging by 16% against the previous year. Over the period under review, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 21%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Tube Imports

Imports into Sweden

In 2022, overseas purchases of aluminium alloy tubes and pipes decreased by -17.5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a mild contraction. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium alloy tube imports shrank modestly to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +53.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of aluminium alloy tube to Sweden, with a 54% share of total imports. Moreover, aluminium alloy tube imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.3% per year) and Belgium (+7.1% per year).

In value terms, Denmark ($X) constituted the largest supplier of aluminium alloy tubes and pipes to Sweden, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Belgium, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.3% per year) and Belgium (+12.4% per year).

Import Prices by Country

The average aluminium alloy tube import price stood at $X per ton in 2022, rising by 21% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium alloy tube import price increased by +93.8% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :