Sweden: Threaded Copper Articles Market 2024

Threaded Copper Articles Market Size in Sweden

The Swedish threaded copper articles market contracted to $X in 2022, dropping by -8.9% against the previous year. Overall, consumption saw a abrupt contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Threaded Copper Articles Production in Sweden

In value terms, threaded copper articles production rose to $X in 2022 estimated in export price. In general, production faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the production volume increased by 14% against the previous year. Threaded copper articles production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Threaded Copper Articles Exports

Exports from Sweden

In 2022, shipments abroad of threaded articles of copper increased by 31% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by 85% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, threaded copper articles exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 128%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Denmark (X tons) was the main destination for threaded copper articles exports from Sweden, accounting for a 37% share of total exports. Moreover, threaded copper articles exports to Denmark exceeded the volume sent to the second major destination, Austria (X tons), twofold. Estonia (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark stood at +60.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+79.5% per year) and Estonia (+14.2% per year).

In value terms, Austria ($X), Denmark ($X) and Germany ($X) constituted the largest markets for threaded copper articles exported from Sweden worldwide, with a combined 58% share of total exports. Lithuania, Estonia, the Netherlands, China, Norway and Brazil lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Lithuania, with a CAGR of +93.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average threaded copper articles export price stood at $X per ton in 2022, with a decrease of -5.2% against the previous year. Overall, the export price, however, saw a measured expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 55%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($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 Germany (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Copper Articles Imports

Imports into Sweden

In 2022, purchases abroad of threaded articles of copper increased by 16% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 65% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, threaded copper articles imports expanded markedly to $X in 2022. Over the period under review, imports recorded buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Italy (X tons) constituted the largest threaded copper articles supplier to Sweden, accounting for a 53% share of total imports. Moreover, threaded copper articles imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.2% per year) and Taiwan (Chinese) (+5.4% per year).

In value terms, Italy ($X) constituted the largest supplier of threaded articles of copper to Sweden, comprising 43% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Switzerland, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+25.1% per year) and Switzerland (+4.9% per year).

Import Prices by Country

The average threaded copper articles import price stood at $X per ton in 2022, declining by -5.3% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, threaded copper articles import price increased by +77.4% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 34%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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 Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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