Sweden: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Sweden

In 2021, the Swedish threaded metal articles market was finally on the rise to reach $X after two years of decline. Overall, consumption saw a relatively flat trend pattern. Threaded metal articles consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Threaded Metal Articles Production in Sweden

In value terms, threaded metal articles production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Threaded Metal Articles Exports

Exports from Sweden

In 2021, overseas shipments of threaded articles of iron or steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 21%. The exports peaked at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, threaded metal articles exports soared to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 43%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Norway (X tons), Poland (X tons) and Denmark (X tons) were the main destinations of threaded metal articles exports from Sweden, together comprising 45% of total exports. These countries were followed by Belgium, Germany, Lithuania, China, the United States, the UK, Japan, France, Australia and Estonia, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +73.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Japan ($X) and Denmark ($X) constituted the largest markets for threaded metal articles exported from Sweden worldwide, together comprising 35% of total exports.

Japan, with a CAGR of +72.4%, recorded 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 threaded metal articles export price stood at $X per ton in 2021, surging by 7% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2017 when the average export price increased by 19%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Poland ($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 Japan (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Metal Articles Imports

Imports into Sweden

After two years of decline, purchases abroad of threaded articles of iron or steel increased by 4.2% to X tons in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 35%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, threaded metal articles imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 22% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest threaded metal articles supplier to Sweden, with a 32% share of total imports. Moreover, threaded metal articles imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.5% per year) and Poland (+1.4% per year).

In value terms, China ($X), Germany ($X) and Austria ($X) were the largest threaded metal articles suppliers to Sweden, together accounting for 50% of total imports. Taiwan (Chinese), Italy, the Netherlands, Poland, Spain, Finland, Norway, Hungary and Denmark lagged somewhat behind, together accounting for a further 38%.

Hungary, with a CAGR of +97.3%, 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

The average threaded metal articles import price stood at $X per ton in 2021, surging by 10% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, threaded metal articles import price increased by +58.7% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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 Austria ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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