Scandinavia: Miscellaneous Ferro-Alloys Market 2024

Miscellaneous Ferro-Alloys Market Size in Scandinavia

The Scandinavia miscellaneous ferro-alloys market dropped notably to $X in 2023, declining by X% against the previous year. Over the period under review, consumption showed a deep slump. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Miscellaneous Ferro-Alloys Production in Scandinavia

In value terms, miscellaneous ferro-alloys production fell slightly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a measured increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Miscellaneous Ferro-Alloys Exports

Exports in Scandinavia

In 2023, shipments abroad of miscellaneous ferro-alloys increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, miscellaneous ferro-alloys exports declined to $X in 2023. In general, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Norway (X tons) and Finland (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Sweden (X tons), generating a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Finland (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Finland ($X), Sweden ($X) and Norway ($X) were the countries with the highest levels of exports in 2023.

Among the main exporting countries, Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the export price figures.

Miscellaneous Ferro-Alloys Imports

Imports in Scandinavia

In 2023, approx. X tons of miscellaneous ferro-alloys were imported in Scandinavia; waning by X% compared with the year before. Overall, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, miscellaneous ferro-alloys imports declined rapidly to $X in 2023. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Sweden (X tons) represented the largest importer of miscellaneous ferro-alloys, committing X% of total imports. It was distantly followed by Finland (X tons), mixing up a X% share of total imports. Norway (X tons) held a minor share of total imports.

Sweden was also the fastest-growing in terms of the miscellaneous ferro-alloys imports, with a CAGR of X% from 2012 to 2023. Norway experienced a relatively flat trend pattern. Finland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Sweden and Norway increased by X and X percentage points, respectively.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2023.

In terms of the main importing countries, Norway, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, waning by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, miscellaneous ferro-alloys import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform