Sweden: Base Metal Keys Market 2025

Base Metal Keys Market Size in Sweden

The Swedish base metal keys market expanded rapidly to $X in 2022, increasing by 12% against the previous year. Overall, consumption, however, showed a pronounced decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Base Metal Keys Production in Sweden

In value terms, base metal keys production soared to $X in 2022 estimated in export price. Over the period under review, production saw a modest expansion. The growth pace was the most rapid in 2013 when the production volume increased by 404% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Base Metal Keys Exports

Exports from Sweden

For the fourth consecutive year, Sweden recorded growth in overseas shipments of base metal keys, which increased by 4.4% to X tons in 2022. Over the period under review, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 143% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, base metal keys exports reduced to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 81%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Norway (X tons) and the United States (X tons) were the main destinations of base metal keys exports from Sweden, with a combined 77% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +20.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal keys exported from Sweden were Norway ($X), Denmark ($X) and the United States ($X), together comprising 71% of total exports. The UK, Finland, Iceland and Germany lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, Iceland, with a CAGR of +8.7%, 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 base metal keys export price amounted to $X per ton, with a decrease of -11.7% against the previous year. In general, the export price showed a abrupt setback. The growth pace was the most rapid in 2013 when the average export price increased by 35%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($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 Finland (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Keys Imports

Imports into Sweden

In 2022, supplies from abroad of base metal keys decreased by -7.3% to X tons, falling for the third year in a row after three years of growth. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 53% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, base metal keys imports fell slightly to $X in 2022. In general, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +73.4% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest base metal keys supplier to Sweden, with a 56% share of total imports. Moreover, base metal keys imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The third position in this ranking was held by Finland (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.2% per year) and Finland (+26.4% per year).

In value terms, the largest base metal keys suppliers to Sweden were Finland ($X), Germany ($X) and Spain ($X), together comprising 76% of total imports. Italy, China, the UK, Belgium, South Africa, Denmark and Romania lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, the UK, with a CAGR of +35.4%, recorded 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

The average base metal keys import price stood at $X per ton in 2022, surging by 2.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 38%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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