Sweden: Market for Wire Rod Of Free-Cutting Steel 2024

Market Size for Wire Rod Of Free-Cutting Steel in Sweden

After two years of growth, the Swedish free-cutting steel wire rod market decreased by X% to $X in 2022. Over the period under review, consumption saw a dramatic decrease. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Wire Rod Of Free-Cutting Steel in Sweden

In value terms, free-cutting steel wire rod production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X,900%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Wire Rod Of Free-Cutting Steel

Exports from Sweden

In 2022, overseas shipments of wire rod of free-cutting steel increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, free-cutting steel wire rod exports surged to $X in 2022. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for free-cutting steel wire rod exports from Sweden, with a X% share of total exports. Moreover, free-cutting steel wire rod exports to Norway exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Norway stood at X%.

In value terms, Norway ($X) remains the key foreign market for wire rod of free-cutting steel exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Norway stood at X%.

Export Prices by Country

The average free-cutting steel wire rod export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, saw a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the United States amounted to $X per ton.

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

Imports of Wire Rod Of Free-Cutting Steel

Imports into Sweden

After three years of growth, overseas purchases of wire rod of free-cutting steel decreased by X% to X tons in 2022. Overall, imports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, free-cutting steel wire rod imports fell sharply to $X in 2022. Over the period under review, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of free-cutting steel wire rod to Sweden, with a X% share of total imports. Moreover, free-cutting steel wire rod imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), eightfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Italy (X% per year).

In value terms, Germany ($X) constituted the largest supplier of wire rod of free-cutting steel to Sweden, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average free-cutting steel wire rod import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, free-cutting steel wire rod import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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