Sweden: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Sweden

In 2021, the Swedish non-alloy aluminium bar market decreased by -21.9% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a slight decrease. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Alloy Aluminium Bar Production in Sweden

In value terms, non-alloy aluminium bar production soared to $X in 2021 estimated in export price. In general, production saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 80% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Non-Alloy Aluminium Bar Exports

Exports from Sweden

In 2021, overseas shipments of non-alloy aluminium bars, rods and profiles increased by 92% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-alloy aluminium bar exports skyrocketed to $X in 2021. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for non-alloy aluminium bar exports from Sweden, accounting for a 56% share of total exports. Moreover, non-alloy aluminium bar exports to Norway exceeded the volume sent to the second major destination, China (X tons), sixfold. Serbia (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+71.4% per year) and Serbia (-1.7% per year).

In value terms, Norway ($X) remains the key foreign market for non-alloy aluminium bars, rods and profiles exports from Sweden, comprising 37% of total exports. The second position in the ranking was taken by Denmark ($X), with a 16% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Norway stood at +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+11.9% per year) and the UK (+35.3% per year).

Export Prices by Country

The average non-alloy aluminium bar export price stood at $X per ton in 2021, falling by -26.5% against the previous year. Over the period under review, the export price recorded a perceptible slump. The pace of growth was the most pronounced in 2018 an increase of 37% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Serbia ($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 (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Aluminium Bar Imports

Imports into Sweden

For the third consecutive year, Sweden recorded decline in purchases abroad of non-alloy aluminium bars, rods and profiles, which decreased by -3.2% to X tons in 2021. Overall, imports faced a deep contraction. The growth pace was the most rapid in 2013 when imports increased by 27%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, non-alloy aluminium bar imports totaled $X in 2021. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 32%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Portugal (X tons) and Poland (X tons) were the main suppliers of non-alloy aluminium bar imports to Sweden, with a combined 63% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +97.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy aluminium bar suppliers to Sweden were Germany ($X), Belgium ($X) and Portugal ($X), with a combined 57% share of total imports.

Among the main suppliers, Portugal, with a CAGR of +107.2%, recorded the highest rates of growth with regard to 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

The average non-alloy aluminium bar import price stood at $X per ton in 2021, increasing by 18% against the previous year. In general, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 108% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :