Sweden: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in Sweden

The Swedish steel stranded wire market contracted notably to $X in 2022, dropping by -19% against the previous year. Overall, consumption continues to indicate a noticeable downturn. Steel stranded wire consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Steel Stranded Wire Production in Sweden

In value terms, steel stranded wire production reduced slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 19%. Steel stranded wire production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Steel Stranded Wire Exports

Exports from Sweden

For the third year in a row, Sweden recorded growth in overseas shipments of iron or steel stranded wire, ropes and cables, which increased by 5.6% to X tons in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by +0.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 32% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, steel stranded wire exports surged to $X in 2022. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 46% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Norway (X tons), Finland (X tons) and the United States (X tons) were the main destinations of steel stranded wire exports from Sweden, together accounting for 70% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +48.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Finland ($X) and the United States ($X) were the largest markets for steel stranded wire exported from Sweden worldwide, together comprising 62% of total exports.

The United States, with a CAGR of +33.7%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2022, the average steel stranded wire export price amounted to $X per ton, rising by 14% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel stranded wire export price increased by +64.8% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 28%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Lithuania ($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 Poland (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports into Sweden

In 2022, supplies from abroad of iron or steel stranded wire, ropes and cables decreased by -27.9% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 49% against the previous year. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, steel stranded wire imports declined modestly to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 36%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Germany (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of steel stranded wire imports to Sweden, with a combined 37% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +173.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel stranded wire, ropes and cables to Sweden, comprising 19% of total imports. The second position in the ranking was taken by China ($X), with an 8% share of total imports. It was followed by Denmark, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.5% per year) and Denmark (+3.5% per year).

Import Prices by Country

In 2022, the average steel stranded wire import price amounted to $X per ton, increasing by 36% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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