Sweden: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Sweden

In 2021, the Swedish metal link chain parts market increased by 19% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a abrupt slump. Metal link chain parts consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Iron Or Steel Parts Of Articulated Link Chain in Sweden

In value terms, metal link chain parts production declined to $X in 2021 estimated in export price. Overall, production, however, showed a drastic downturn. The growth pace was the most rapid in 2018 when the production volume increased by 112%. Metal link chain parts production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Sweden

In 2021, overseas shipments of iron or steel parts of articulated link chain decreased by -1% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports saw a slight descent. The pace of growth was the most pronounced in 2017 with an increase of 32%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal link chain parts exports stood at $X in 2021. In general, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -23.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 61%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for metal link chain parts exports from Sweden, accounting for a 44% share of total exports. Moreover, metal link chain parts exports to Norway exceeded the volume sent to the second major destination, North Macedonia (X tons), threefold. The third position in this ranking was held by Finland (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (0.0% per year) and Finland (-7.6% per year).

In value terms, the largest markets for metal link chain parts exported from Sweden were Norway ($X), Finland ($X) and Poland ($X), together accounting for 57% of total exports.

Among the main countries of destination, Poland, with a CAGR of +43.3%, 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 2021, the average metal link chain parts export price amounted to $X per ton, picking up by 1.9% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain parts export price increased by +81.5% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 41% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to North Macedonia ($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 Germany (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Sweden

In 2021, overseas purchases of iron or steel parts of articulated link chain decreased by -2.1% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of 301%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, metal link chain parts imports soared to $X in 2021. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 81% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and Finland (X tons) were the main suppliers of metal link chain parts imports to Sweden, together comprising 60% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +81.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain parts suppliers to Sweden were Germany ($X), the Netherlands ($X) and Finland ($X), together accounting for 69% of total imports. Belgium, Italy, China, Denmark, the United States, Taiwan (Chinese) and the UK lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Belgium, with a CAGR of +64.1%, saw 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 2021, the average metal link chain parts import price amounted to $X per ton, with an increase of 33% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2020 an increase of 66%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($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 (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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