Sweden: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Sweden

In 2022, the Swedish iron or steel leaf-spring market increased by 13% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Sweden

In value terms, iron or steel leaf-spring production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 8.4% against the previous year. Iron or steel leaf-spring production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Sweden

In 2022, overseas shipments of iron or steel leaf-springs and leaves decreased by -11.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel leaf-spring exports reduced to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 34% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), the UK (X tons) and Australia (X tons) were the main destinations of iron or steel leaf-spring exports from Sweden, together accounting for 70% of total exports. Denmark, Norway, Finland, the United States, France, Ukraine and Russia lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +79.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Denmark ($X) appeared to be the largest markets for iron or steel leaf-spring exported from Sweden worldwide, with a combined 51% share of total exports. Norway, Australia, the United States, Finland, France, Ukraine and Russia lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Ukraine, with a CAGR of +78.5%, recorded the highest rates of growth with regard to 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 iron or steel leaf-spring export price amounted to $X per ton, growing by 4.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($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 Norway (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Sweden

In 2022, overseas purchases of iron or steel leaf-springs and leaves increased by 14% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring imports expanded remarkably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Spain (X tons) and Poland (X tons) were the main suppliers of iron or steel leaf-spring imports to Sweden, together accounting for 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +10.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Poland ($X) were the largest iron or steel leaf-spring suppliers to Sweden, together comprising 73% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +12.1%, 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

In 2022, the average iron or steel leaf-spring import price amounted to $X per ton, with a decrease of -4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 6.9% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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