Price for Steel, Stainless; Angles, Shapes and Sections in Sweden - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Sweden (FOB) - 2023
- Price for Steel, Stainless; Angles, Shapes and Sections in Sweden (CIF) - 2022
- Exports of Steel, Stainless; Angles, Shapes and Sections in Sweden
- Imports of Steel, Stainless; Angles, Shapes and Sections in Sweden
Price for Steel, Stainless; Angles, Shapes and Sections in Sweden (FOB) - 2023
In December 2023, the average export price for steel, stainless amounted to $8,736 per ton, reducing by -11.4% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 21% month-to-month. As a result, the export price attained the peak level of $10,978 per ton. From February 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($14,752 per ton), while the average price for exports to Finland ($4,462 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Steel, Stainless; Angles, Shapes and Sections in Sweden (CIF) - 2022
The average import price for steel, stainless stood at $6,582 per ton in 2022, surging by 5% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, stainless increased by +104.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($11,707 per ton), while the price for Poland ($2,960 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Angles, Shapes and Sections in Sweden
In 2022, approx. 1.9K tons of steel, stainless were exported from Sweden; shrinking by -2.3% against 2021. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 4.9% against the previous year.
In value terms, exports of steel, stainless rose markedly to $19M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Steel, Stainless; Angles, Shapes and Sections in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.7 | 3.1 | 4.2 | 6.5 | 34.0% |
| Norway | 4.4 | 1.7 | 1.7 | 2.1 | -21.9% |
| Finland | 1.4 | 1.3 | 1.8 | 1.7 | 6.7% |
| Denmark | 1.2 | 1.5 | 1.3 | 1.0 | -5.9% |
| Germany | 0.6 | 0.7 | 0.9 | 0.7 | 5.3% |
| United States | 0.1 | 0.2 | 0.4 | 0.6 | 81.7% |
| Estonia | 0.3 | 1.0 | 1.2 | 0.5 | 18.6% |
| Others | 3.4 | 3.1 | 5.9 | 6.3 | 22.8% |
| Total | 14.1 | 12.5 | 17.5 | 19.5 | 11.4% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Sweden in 2022:
- Italy (869.1 tons)
- Norway (286.7 tons)
- Finland (265.0 tons)
- Denmark (150.8 tons)
- Germany (89.4 tons)
- United States (64.0 tons)
- Estonia (43.0 tons)
Imports of Steel, Stainless; Angles, Shapes and Sections in Sweden
In 2022, approx. 1.9K tons of steel, stainless were imported into Sweden; which is down by -2.6% compared with 2021 figures. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 10%.
In value terms, imports of steel, stainless declined to $13M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of $13M, and then dropped modestly in the following year.
| Import of Steel, Stainless; Angles, Shapes and Sections in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.8 | 4.0 | 6.7 | 3.7 | -0.9% |
| Italy | 2.6 | 1.1 | 1.9 | 1.9 | -9.9% |
| Poland | 0.1 | 0.2 | 0.9 | 1.9 | 166.8% |
| Germany | 1.1 | 1.5 | 1.4 | 1.9 | 20.0% |
| Denmark | 1.6 | 1.1 | 0.5 | 0.8 | -20.6% |
| United Kingdom | 0.7 | 0.3 | 0.1 | 0.5 | -10.6% |
| Finland | 0.3 | 0.2 | 0.5 | 0.4 | 10.1% |
| Others | 1.1 | 0.9 | 0.8 | 1.4 | 8.4% |
| Total | 11.3 | 9.3 | 12.9 | 12.5 | 3.4% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Sweden in 2022:
- Poland (636.8 tons)
- Spain (412.9 tons)
- Italy (277.9 tons)
- Germany (224.8 tons)
- Denmark (138.2 tons)
- Finland (81.4 tons)
- United Kingdom (53.9 tons)
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