Sweden: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Sweden

In 2022, after four years of decline, there was significant growth in the Swedish mill rolling roll market, when its value increased by 6,186% to $X. Over the period under review, consumption recorded tangible growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mill Rolling Roll Production in Sweden

In value terms, mill rolling roll production fell slightly to $X in 2022 estimated in export price. Overall, production, however, saw a slight descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mill Rolling Roll Exports

Exports from Sweden

In 2022, approx. X units of rolls for rolling mills were exported from Sweden; jumping by 28% against the previous year. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 70% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, mill rolling roll exports expanded rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2017 when exports increased by 24% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X units), the United States (X units) and Mexico (X units) were the main destinations of mill rolling roll exports from Sweden, together accounting for 30% of total exports. Germany, France, Finland, Italy, Spain, Belgium, Luxembourg, Thailand and Turkey lagged somewhat behind, together accounting for a further 52%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg (with a CAGR of +54.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mill rolling roll exported from Sweden were Egypt ($X), the United States ($X) and Mexico ($X), together accounting for 30% of total exports.

Mexico, with a CAGR of +22.8%, saw 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

The average mill rolling roll export price stood at $X per unit in 2022, dropping by -14.5% against the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 9.2%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($X per unit) and Finland ($X per unit), while the average price for exports to Luxembourg ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-17.1%), while the prices for the other major destinations experienced a decline.

Mill Rolling Roll Imports

Imports into Sweden

In 2022, imports of rolls for rolling mills into Sweden was estimated at less than X units, remaining relatively unchanged against 2021 figures. Overall, imports showed a prominent expansion. The smallest decline of 99.9% was in 2019. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, mill rolling roll imports reached $X in 2022. In general, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 77%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), the UK (X units) and Slovenia (X units) were the main suppliers of mill rolling roll imports to Sweden, with a combined 59% share of total imports. Brazil, Turkey, China, Japan, Austria, Italy, Belgium and the United States lagged somewhat behind, together comprising a further 36%.

From 2015 to 2018, the biggest increases were recorded for China (with a CAGR of +66.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mill rolling roll suppliers to Sweden were Germany ($X), the UK ($X) and Slovenia ($X), with a combined 59% share of total imports. Brazil, Turkey, China, Austria, Japan, Italy, Belgium and the United States lagged somewhat behind, together comprising a further 36%.

China, with a CAGR of +59.9%, recorded the highest rates of growth with regard to 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

The average mill rolling roll import price stood at $X per unit in 2018, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the average import price decreased by 99.9% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Belgium ($X per unit), while the price for China ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was attained by Belgium (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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