Sweden: Iron Household Articles Market 2024

Iron Household Articles Market Size in Sweden

In 2021, the Swedish iron household articles market increased by 26% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a slight slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Iron Household Articles Production in Sweden

In value terms, iron household articles production fell significantly to $X in 2021 estimated in export price. In general, production saw a abrupt downturn. The growth pace was the most rapid in 2020 when the production volume increased by 117% against the previous year. Iron household articles production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Iron Household Articles Exports

Exports from Sweden

In 2021, shipments abroad of table, kitchen or household articles and parts of iron decreased by -6.8% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2013 when exports increased by 14%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron household articles exports rose significantly to $X in 2021. Overall, exports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2013 with an increase of 21%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for iron household articles exports from Sweden, accounting for a 46% share of total exports. Moreover, iron household articles exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Norway stood at -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+0.1% per year) and Russia (-9.3% per year).

In value terms, Norway ($X) remains the key foreign market for table, kitchen or household articles and parts of iron exports from Sweden, comprising 49% of total exports. The second position in the ranking was taken by Denmark ($X), with an 18% share of total exports. It was followed by Russia, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to Norway stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+7.3% per year) and Russia (-8.8% per year).

Export Prices by Country

In 2021, the average iron household articles export price amounted to $X per ton, growing by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Russia ($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 Denmark (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into Sweden

In 2021, approx. X tons of table, kitchen or household articles and parts of iron were imported into Sweden; surging by 7% compared with the previous year. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 9.3% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, iron household articles imports surged to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of iron household articles to Sweden, with a 42% share of total imports. Moreover, iron household articles imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was taken by Lithuania (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.3% per year) and Lithuania (+36.9% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of iron to Sweden, comprising 44% of total imports. The second position in the ranking was held by Poland ($X), with a 10% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+6.3% per year) and Germany (+3.0% per year).

Import Prices by Country

The average iron household articles import price stood at $X per ton in 2021, surging by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level 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 the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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