Sweden: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in Sweden

In 2022, the Swedish ferro-silico-manganese market increased by 31% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Ferro-Silico-Manganese Exports

Exports from Sweden

In 2022, shipments abroad of ferro-silico-manganese decreased by -11.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 97,400%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, ferro-silico-manganese exports fell remarkably to $X in 2022. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by 188,504% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Finland (X tons) was the main destination for ferro-silico-manganese exports from Sweden, with a 99% share of total exports. It was followed by Norway (X kg), with a 0.6% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Finland amounted to -11.0%.

In value terms, Finland ($X) emerged as the key foreign market for ferro-silico-manganese exports from Sweden, comprising 99% of total exports. The second position in the ranking was taken by Norway ($X), with a 0.6% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Finland amounted to -14.8%.

Export Prices by Country

In 2022, the average ferro-silico-manganese export price amounted to $X per ton, waning by -4.3% against the previous year. Over the period under review, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 93%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Finland totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (-4.3%).

Ferro-Silico-Manganese Imports

Imports into Sweden

In 2022, overseas purchases of ferro-silico-manganese increased by 21% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +98.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ferro-silico-manganese imports surged to $X in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 131% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of ferro-silico-manganese to Sweden, with a 76% share of total imports. Moreover, ferro-silico-manganese imports from Norway exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The third position in this ranking was taken by South Africa (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Norway stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.7% per year) and South Africa (+43.1% per year).

In value terms, Norway ($X) constituted the largest supplier of ferro-silico-manganese to Sweden, comprising 74% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by South Africa, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Norway stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.4% per year) and South Africa (+58.2% per year).

Import Prices by Country

The average ferro-silico-manganese import price stood at $X per ton in 2022, surging by 13% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silico-manganese import price increased by +60.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 44%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Russia ($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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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