Sweden: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Sweden

After three years of decline, the Swedish market for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to $X in 2020. Overall, consumption posted resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Sweden

In value terms, iron, steel or aluminium reservoir production expanded to $X in 2020 estimated in export prices. In general, production saw a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Iron, steel or aluminium reservoir production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Sweden

In 2020, after three years of growth, there was significant decline in overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by -X% to X tons. In general, exports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports dropped significantly to $X in 2020. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Norway (X tons) was the main destination for iron, steel or aluminium reservoir exports from Sweden, accounting for a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Norway totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-X% per year) and Thailand (+X% per year).

In value terms, Norway ($X) remains the key foreign market for iron, steel or aluminium reservoir exports from Sweden, comprising X% of total exports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Norway stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-X% per year) and Finland (-X% per year).

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, reducing by -X% against the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per ton in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Finland ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Finland, while the prices for the other major destinations experienced a decline.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Sweden

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Sweden; waning by -X% against 2019 figures. In general, imports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports rose significantly to $X in 2020. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Norway (X tons) constituted the largest iron, steel or aluminium reservoir supplier to Sweden, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Norway exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Norway was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-X% per year) and Germany (-X% per year).

In value terms, the largest iron, steel or aluminium reservoir suppliers to Sweden were Germany ($X), Poland ($X) and the Netherlands ($X), together comprising X% of total imports.

The Netherlands recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, increasing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2020 and is likely to continue growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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