Sweden: Metal Castor Mounting Market 2024

Metal Castor Mounting Market Size in Sweden

In 2022, the Swedish metal castor mounting market decreased by -2.8% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption continues to indicate a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Castor Mounting Production in Sweden

In value terms, metal castor mounting production rose remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2020 when the production volume increased by 55%. Metal castor mounting production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Castor Mounting Exports

Exports from Sweden

In 2022, shipments abroad of castors with mountings of base metal increased by 7.5% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 26%. 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, metal castor mounting exports rose sharply to $X in 2022. In general, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 33% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Finland (X tons), the UK (X tons) and Denmark (X tons) were the main destinations of metal castor mounting exports from Sweden, together comprising 56% 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 the UK (with a CAGR of +24.9%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the key foreign market for castors with mountings of base metal exports from Sweden, comprising 27% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Norway, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Finland amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+24.4% per year) and Norway (+0.7% per year).

Export Prices by Country

In 2022, the average metal castor mounting export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2013 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 the Netherlands (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports into Sweden

In 2022, imports of castors with mountings of base metal into Sweden declined to X tons, with a decrease of -2.3% compared with the year before. Overall, imports, however, showed a slight expansion. The pace of growth was the most pronounced in 2015 when imports increased by 26%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, metal castor mounting imports reached $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest metal castor mounting supplier to Sweden, with a 56% share of total imports. Moreover, metal castor mounting imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. France (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.3% per year) and France (+6.7% per year).

In value terms, Germany ($X) constituted the largest supplier of castors with mountings of base metal to Sweden, comprising 57% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.7% per year) and China (+12.7% per year).

Import Prices by Country

In 2022, the average metal castor mounting import price amounted to $X per ton, surging by 3.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 21%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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