Sweden: Market for Hot-Rolled Steel Bars and Rods 2025

Market Size for Hot-Rolled Steel Bars and Rods in Sweden

In 2021, the Swedish market for hot-rolled steel bars and rods was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.5% from 2012 to 2021; 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 Hot-Rolled Steel Bars and Rods in Sweden

In value terms, hot-rolled steel bar and rod production fell notably to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 42% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Hot-Rolled Steel Bars and Rods

Exports from Sweden

In 2021, overseas shipments of hot-rolled steel bars and rods increased by 16% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a perceptible curtailment. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled steel bar and rod exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a mild descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for hot-rolled steel bar and rod exports from Sweden, with a 34% share of total exports. Moreover, hot-rolled steel bar and rod exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was held by France (X tons), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+2.5% per year) and France (-5.0% per year).

In value terms, Germany ($X) remains the key foreign market for hot-rolled steel bars and rods exports from Sweden, comprising 27% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by the United States, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.4% per year) and the United States (-4.7% per year).

Export Prices by Country

In 2021, the average export price for hot-rolled steel bars and rods amounted to $X per ton, rising by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Sweden

After two years of decline, supplies from abroad of hot-rolled steel bars and rods increased by 12% to X tons in 2021. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled steel bar and rod imports surged to $X in 2021. Overall, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway (X tons), Germany (X tons) and Finland (X tons) were the main suppliers of hot-rolled steel bar and rod imports to Sweden, together accounting for 57% of total imports. Lithuania, Italy, Spain, the UK, Poland, Denmark and France lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +32.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Norway ($X) and Finland ($X) were the largest hot-rolled steel bar and rod suppliers to Sweden, with a combined 52% share of total imports. These countries were followed by Italy, Lithuania, Spain, Poland, the UK, Denmark and France, which together accounted for a further 39%.

Lithuania, with a CAGR of +31.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hot-rolled steel bars and rods stood at $X per ton in 2021, jumping by 43% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. 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 France ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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