Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sweden - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sweden (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sweden (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sweden
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sweden
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sweden (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $3,771 per ton in 2022, growing by 23% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s increased by +105.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 42%. The import price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($6,328 per ton), while the price for Germany ($3,252 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sweden (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $6,671 per ton in 2022, growing by 435% against the previous year. In general, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($8,531 per ton), while the average price for exports to the UK ($2,436 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+127.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sweden
Imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Sweden soared to 1.4K tons in 2022, picking up by 77% against the year before. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s soared to $5.4M in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1,087 | 851 | 1,497 | 3,266 | 44.3% |
| Finland | 368 | 496 | 573 | 1,315 | 52.9% |
| Germany | 98.6 | 188 | 159 | 374 | 56.0% |
| France | N/A | N/A | N/A | 204 | 0% |
| China | 3.0 | 0.7 | 158 | 146 | 265.1% |
| Italy | 49.2 | 34.2 | 25.7 | 95.2 | 24.6% |
| Others | 96.1 | 30.4 | 83.8 | 38.8 | -26.1% |
| Total | 1,702 | 1,600 | 2,496 | 5,438 | 47.3% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Sweden in 2022:
- Denmark (858.6 tons)
- Finland (359.1 tons)
- Germany (115.0 tons)
- France (53.3 tons)
- Italy (27.1 tons)
- China (23.0 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sweden
In 2022, shipments abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by -80.6% to 365 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 165%.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s expanded to $2.4M in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 153%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 66.9 | 537 | 833 | 2,087 | 214.8% |
| United Kingdom | 53.1 | 99.0 | 8.6 | 212 | 58.6% |
| Malaysia | 18.0 | 48.8 | 13.5 | 55.8 | 45.8% |
| Belgium | 25.9 | 14.6 | 23.9 | 34.2 | 9.7% |
| Norway | N/A | 759 | 1,332 | 0.2 | -98.4% |
| Slovakia | 129 | N/A | N/A | N/A | 0% |
| Luxembourg | 114 | 13.6 | N/A | N/A | -88.1% |
| Lithuania | 1.1 | N/A | N/A | N/A | 0% |
| Others | 265 | 229 | 140 | 48.8 | -43.1% |
| Total | 673 | 1,701 | 2,350 | 2,438 | 53.6% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Sweden in 2022:
- Czech Republic (254.5 tons)
- United Kingdom (86.9 tons)
- Belgium (10.1 tons)
- Malaysia (6.5 tons)
- Norway (0.2 tons)
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