Sweden: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Sweden

In 2021, the Swedish silicon-electrical steel flat-rolled product market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, recorded a drastic downturn. Silicon-electrical steel flat-rolled product consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Sweden

In value terms, silicon-electrical steel flat-rolled product production expanded notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep reduction. Silicon-electrical steel flat-rolled product production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Sweden

In 2021, approx. X tons of flat-rolled products of silicon-electrical steel were exported from Sweden; which is down by -45.2% on the previous year. In general, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2018 when exports increased by 15%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports dropped remarkably to $X in 2021. Overall, exports saw a significant decrease. The growth pace was the most rapid in 2016 with an increase of 18% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Sweden, accounting for a 34% share of total exports. Moreover, silicon-electrical steel flat-rolled product exports to Singapore exceeded the volume sent to the second major destination, Spain (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-18.5% per year) and Italy (-34.3% per year).

In value terms, the largest markets for silicon-electrical steel flat-rolled product exported from Sweden were Singapore ($X), Italy ($X) and the Netherlands ($X), with a combined 69% share of total exports.

Singapore, with a CAGR of +13.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, surging by 36% against the previous year. Overall, the export price, however, recorded a perceptible setback. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Poland ($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 the United States (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Sweden

In 2021, overseas purchases of flat-rolled products of silicon-electrical steel were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, showed a noticeable decline. The growth pace was the most rapid in 2016 when imports increased by 165%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a perceptible reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest silicon-electrical steel flat-rolled product supplier to Sweden, accounting for a 69% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+33.5% per year) and Germany (-16.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to Sweden, comprising 77% of total imports. The second position in the ranking was held by Austria ($X), with an 11% share of total imports. It was followed by Germany, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+29.7% per year) and Germany (-14.5% per year).

Import Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, jumping by 34% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silicon-electrical steel flat-rolled product import price increased by +100.4% against 2016 indices. 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 the UK ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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