Sweden: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Sweden

After two years of decline, the Swedish market for iron or steel flat spiral or discs springs increased by 16% to $X in 2021. 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 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Iron or Steel Flat Spiral or Discs Springs in Sweden

In value terms, metal spiral or discs spring production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Sweden

In 2021, shipments abroad of iron or steel flat spiral or discs springs increased by 37% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a perceptible decline. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports skyrocketed to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Norway (X tons) and Poland (X tons) were the main destinations of metal spiral or discs spring exports from Sweden, together comprising 47% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +15.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal spiral or discs spring exported from Sweden were Poland ($X), Germany ($X) and China ($X), together accounting for 31% of total exports. Norway, Finland, Hungary, Mexico, the UK, Denmark, the Netherlands, the Czech Republic, Australia and Romania lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Mexico, with a CAGR of +16.7%, 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 export price for iron or steel flat spiral or discs springs amounted to $X per ton, dropping by -11.8% against the previous year. In general, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal spiral or discs spring export price decreased by -11.9% against 2019 indices. The growth pace was the most rapid in 2018 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices hit record highs 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 overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Germany ($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 Australia (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Sweden

In 2021, the amount of iron or steel flat spiral or discs springs imported into Sweden contracted to X tons, which is down by -4.4% against 2020. Overall, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of 40%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal spiral or discs spring imports skyrocketed to $X in 2021. In general, imports showed a perceptible curtailment. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest metal spiral or discs spring supplier to Sweden, accounting for a 55% share of total imports. Moreover, metal spiral or discs spring imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The third position in this ranking was held by Hungary (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-19.8% per year) and Hungary (+38.4% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel flat spiral or discs springs to Sweden, comprising 41% of total imports. The second position in the ranking was taken by Belgium ($X), with an 8.1% share of total imports. It was followed by Hungary, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-8.1% per year) and Hungary (+40.6% per year).

Import Prices by Country

In 2021, the average import price for iron or steel flat spiral or discs springs amounted to $X per ton, surging by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2019 an increase of 37% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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