Sweden: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in Sweden

The Swedish flat-rolled steel products market surged to $X in 2021, increasing by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Flat-Rolled Steel Products Exports

Exports from Sweden

In 2021, exports of flat-rolled products of iron or non-alloy steel from Sweden skyrocketed to X tons, rising by 25% against the previous year's figure. In general, exports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 64%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, flat-rolled steel products exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons), Norway (X tons) and Russia (X tons) were the main destinations of flat-rolled steel products exports from Sweden, together accounting for 80% of total exports. These countries were followed by India, Lithuania, China, Singapore and Turkey, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +549.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat-rolled steel products exported from Sweden were Denmark ($X), Russia ($X) and Norway ($X), together accounting for 71% of total exports. These countries were followed by China, Singapore, India, Lithuania and Turkey, which together accounted for a further 20%.

Lithuania, with a CAGR of +502.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average flat-rolled steel products export price stood at $X per ton in 2021, surging by 38% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Norway ($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 Turkey (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into Sweden

In 2021, purchases abroad of flat-rolled products of iron or non-alloy steel increased by 11% to X tons, rising for the second year in a row after four years of decline. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, flat-rolled steel products imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of flat-rolled steel products to Sweden, accounting for a 32% share of total imports. Moreover, flat-rolled steel products imports from China exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), threefold. Slovakia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+33.4% per year) and Slovakia (-4.3% per year).

In value terms, China ($X) constituted the largest supplier of flat-rolled products of iron or non-alloy steel to Sweden, comprising 33% of total imports. The second position in the ranking was taken by Luxembourg ($X), with a 12% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+30.7% per year) and France (+14.2% per year).

Import Prices by Country

In 2021, the average flat-rolled steel products import price amounted to $X per ton, with an increase of 24% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached 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 Denmark ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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