Scandinavia: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in Scandinavia

In 2023, the Scandinavia market for aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm in Scandinavia

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm expanded significantly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports in Scandinavia

In 2023, approx. X tons of aluminium alloy plates, sheets and strip of thickness over X mm were exported in Scandinavia; declining by X% on the year before. Overall, exports, however, showed modest growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm dropped notably to $X in 2023. Total exports indicated a pronounced expansion 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. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2022, and then shrank rapidly in the following year.

Exports by Country

The shipments of the two major exporters of aluminium alloy plates, sheets and strip of thickness over X mm, namely Norway and Sweden, represented more than two-thirds of total export.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%).

In value terms, the largest aluminium alloy plate, sheet and strip of thickness over X mm supplying countries in Scandinavia were Sweden ($X) and Norway ($X).

In terms of the main exporting countries, Sweden, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, falling by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway stood at $X per ton.

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

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports in Scandinavia

In 2023, imports of aluminium alloy plates, sheets and strip of thickness over X mm in Scandinavia reduced markedly to X tons, waning by X% against the year before. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm dropped remarkably to $X in 2023. Total imports indicated a perceptible expansion 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. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2022, and then shrank remarkably in the following year.

Imports by Country

Sweden represented the largest importer of aluminium alloy plates, sheets and strip of thickness over X mm in Scandinavia, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. Finland (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Norway (X%).

Sweden experienced a relatively flat trend pattern with regard to volume of imports of aluminium alloy plates, sheets and strip of thickness over X mm. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2023. Norway experienced a relatively flat trend pattern. While the share of Finland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported aluminium alloy plates, sheets and strip of thickness over X mm in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

In Sweden, imports of aluminium alloy plates, sheets and strip of thickness over X mm increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: 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, which is down by X% against the previous year. Import price indicated a mild 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. Based on 2023 figures, import price for aluminium alloy plates, sheets and strip of thickness over X mm increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Average prices varied noticeably 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 Sweden (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform