Scandinavia: Market for Flat Cold-Rolled Steel in Coils 2024

Market Size for Flat Cold-Rolled Steel in Coils in Scandinavia

In 2023, after two years of growth, there was significant decline in the Scandinavia flat cold-rolled steel coils market, when its value decreased by X% to $X. The total consumption indicated a slight increase from 2012 to 2023: its value 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. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Flat Cold-Rolled Steel in Coils in Scandinavia

In value terms, flat cold-rolled steel coils production rose slightly to $X in 2023 estimated in export price. The total production indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Flat Cold-Rolled Steel in Coils

Exports in Scandinavia

In 2023, flat cold-rolled steel coils exports in Scandinavia rose remarkably to X tons, surging by X% compared with the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, flat cold-rolled steel coils exports rose notably to $X in 2023. In general, exports posted a perceptible increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Sweden prevails in exports structure, resulting at X tons, which was near X% of total exports in 2023. Finland (X tons) took a little share of total exports.

Sweden was also the fastest-growing in terms of the flat cold-rolled steel in coils exports, with a CAGR of X% from 2012 to 2023. Finland (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Sweden ($X) remains the largest flat cold-rolled steel coils supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

In Sweden, flat cold-rolled steel coils exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, shrinking by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, flat cold-rolled steel coils export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%).

Imports of Flat Cold-Rolled Steel in Coils

Imports in Scandinavia

Flat cold-rolled steel coils imports reduced slightly to X tons in 2023, shrinking by X% compared with 2022. In general, imports saw a deep slump. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, flat cold-rolled steel coils imports declined remarkably to $X in 2023. Overall, imports recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Sweden represented the largest importer of flat cold-rolled steel in coils in Scandinavia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Finland (X tons), making up a X% share of total imports. Norway (X tons) followed a long way behind the leaders.

Imports into Sweden decreased at an average annual rate of X% from 2012 to 2023. Finland (X%) and Norway (X%) illustrated a downward trend over the same period. While the share of Finland (X p.p.) and Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Norway (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported flat cold-rolled steel in coils in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with an X% share of total imports.

In Sweden, flat cold-rolled steel coils imports shrank by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2023, declining by X% against the previous year. Import price indicated a modest expansion 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. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then shrank notably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform