Scandinavia: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Scandinavia

In 2023, after two years of growth, there was decline in the Scandinavia ferro-alloys market, when its value decreased by X% to $X. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Ferro-Alloys Production in Scandinavia

In value terms, ferro-alloys production amounted to $X in 2023 estimated in export price. The total production indicated a tangible 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. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Ferro-Alloys Exports

Exports in Scandinavia

In 2023, overseas shipments of ferro-alloys decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, ferro-alloys exports shrank rapidly to $X in 2023. Total exports indicated mild growth 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 growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then shrank markedly in the following year.

Exports by Country

Norway represented the main exporter of ferro-alloys in Scandinavia, with the volume of exports reaching X tons, which was near X% of total exports in 2023. Finland (X tons) ranks second in terms of the total exports with a X% share, followed by Sweden (X%).

Exports from Norway decreased at an average annual rate of X% from 2012 to 2023. At the same time, Finland (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2023. While the share of Finland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Norway (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest ferro-alloys supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Norway was relatively modest. In the other countries, the average annual rates were as follows: Finland (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, which is down by X% against the previous year. Export price indicated a mild increase 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, ferro-alloys export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then declined markedly 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 Sweden ($X per ton), while Finland ($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.

Ferro-Alloys Imports

Imports in Scandinavia

In 2023, after two years of growth, there was significant decline in purchases abroad of ferro-alloys, when their volume decreased by X% to X tons. Over the period under review, imports recorded a pronounced contraction. 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 reached the peak figure at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-alloys imports fell rapidly to $X in 2023. In general, imports showed a mild decline. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Sweden was the key importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Finland (X tons), creating a X% share of total imports. Norway (X tons) held a relatively small share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of ferro-alloys. 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 increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported ferro-alloys in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports.

In Sweden, ferro-alloys imports expanded at 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

In 2023, the import price in Scandinavia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, 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 Sweden (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform