Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (FOB) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (CIF) - 2023
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $16,799 per ton in 2022, increasing by 38% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by +77.1% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($22,904 per ton), while the average price for exports to Lithuania ($1,453 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 Taiwan (Chinese) (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (CIF) - 2023
In August 2023, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,304 per ton, shrinking by -10.7% against the previous month. Overall, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 1.3% month-to-month. Over the period under review, average import prices attained the peak figure at $1,580 per ton in January 2023; however, from February 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Norway ($1,330 per ton), while the price for the UK ($773 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (-0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden
Exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Sweden amounted to 5.2K tons in 2022, increasing by 2.8% compared with the year before. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 29%.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $88M in 2022. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 66%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 49.3 | 25.0 | 46.4 | 66.5 | 10.5% |
| China | 9.2 | 4.1 | 10.5 | 16.2 | 20.8% |
| Taiwan (Chinese) | 1.2 | 1.1 | 1.0 | 1.4 | 5.3% |
| United States | 5.5 | 2.9 | 0.5 | 0.3 | -62.1% |
| Belarus | 1.7 | 1.0 | 2.0 | 0.3 | -43.9% |
| Lithuania | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| Germany | N/A | N/A | 0.1 | 0.2 | 100.0% |
| United Kingdom | 3.6 | 2.7 | N/A | N/A | -25.0% |
| Others | 2.0 | 0.7 | 1.7 | 2.9 | 13.2% |
| Total | 72.6 | 37.6 | 62.3 | 88.2 | 6.7% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Sweden in 2022:
- France (3851.8 tons)
- China (708.4 tons)
- Germany (150.0 tons)
- Lithuania (135.5 tons)
- Taiwan (Chinese) (79.0 tons)
- United States (35.6 tons)
- Belarus (20.2 tons)
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden
In 2022, approx. 43K tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were imported into Sweden; which is down by -12.2% against the previous year's figure. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of 49K tons, and then reduced in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses expanded remarkably to $69M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 17.4 | 15.2 | 25.6 | 31.2 | 21.5% |
| Japan | 12.0 | 12.2 | 14.5 | 14.4 | 6.3% |
| Italy | 7.8 | 4.8 | 8.2 | 10.0 | 8.6% |
| Netherlands | 2.8 | 4.9 | 7.3 | 5.6 | 26.0% |
| United Kingdom | 0.2 | 0.2 | 3.4 | 4.2 | 175.9% |
| Spain | 2.6 | 0.7 | 1.1 | 3.6 | 11.5% |
| Switzerland | 0.3 | 1.3 | 1.0 | N/A | 82.6% |
| Others | 0.2 | 0.8 | 0.3 | 0.3 | 14.5% |
| Total | 43.3 | 40.1 | 61.3 | 69.2 | 16.9% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Sweden in 2022:
- Germany (19.5K tons)
- Japan (8.4K tons)
- Italy (5.9K tons)
- United Kingdom (3.5K tons)
- Netherlands (3.4K tons)
- Spain (2.3K tons)
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