Aluminium wire market in Sweden

Earlier Report Observations

The Swedish aluminium wire market experienced a notable recovery in volume and value following the initial impact of the COVID-19 pandemic, which had reduced industrial activity in 2020. Market volume grew from 37 329 t in 2020 to 43 970 t in 2021, while its value surged from $82.1 million to $134.4 million over the same period. This rebound coincided with the easing of pandemic restrictions and restored supply chain operations across Europe.

Sustained demand from the automotive sector, particularly for electric vehicles requiring lightweight conductive materials, and from renewable energy infrastructure for cables and transmission lines provided fundamental support to the market. Concurrently, an industry-wide emphasis on sustainability increased the use of recycled aluminium in wire production. These demand drivers contributed to a further rise in market value to $150.0 million in 2022, even as volume slightly contracted to 41 964 t, partly due to higher unit prices amid elevated European energy costs.

The market landscape is influenced by major European producers like Norsk Hydro ASA, Vimetco NV, and RusAL. Technological advances, including innovations in high-conductivity alloys and improved tensile strength, have enhanced product suitability for key applications. Throughout the period, import levels remained volatile, reflecting broader trade challenges and competition from low-cost manufacturing regions.

Production aluminium wire in Sweden

In value, 2017-2020, K $ US

Annual dynamics of production in Sweden in value, 2017-2020, K $ US

In kind, 2017-2020, t

Annual dynamics of production in Sweden in kind, 2017-2020, t

Exports aluminium wire from Sweden

Exports in kind, t

In 2020, Sweden exported 869 tonnes of aluminium wire, marking a 32.5% decrease compared to the previous year. Over the period from 2017 to 2020, exports fell by 58.9%, with a compound annual growth rate of 25.7%. The largest decline occurred in 2018, at 58.9%, while the largest increase was recorded in 2019, at 47.9%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, t

From 2017 to 2020, Norway, Italy, and Germany formed the core group of markets for exports in kind. Norway accounted for 41.1% of exports, Italy for 19.3%, and Germany for 18.2%, together representing 78.6% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sweden in kind, 2017-2020

Exports in value, M $ US

The market exhibited significant volatility during these years. Volumes reached their peak in 2017 and hit their lowest point in 2020, showing a 3.4-fold difference. In 2020, Sweden exported 2.4 million US dollars worth of aluminium wire, a sharp decrease of 54.0% from the previous year. The largest increase was recorded in 2019, at 38.0%.

Annual dynamics of product's exports from Sweden in value, 2017-2020, M $ US

Between 2017 and 2020, Norway, Italy, and Germany stood out as the main markets for exports in value terms. Norway contributed 44.2% of exports, Italy 21.6%, and Germany 14.0%, together accounting for 79.8% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sweden in value, 2017-2020

Imports aluminium wire to Sweden

Imports in kind, t

Sweden's aluminium wire imports declined for the second consecutive year. In 2020, imports totalled 37 717 tonnes, representing a 5.8% contraction compared to the previous year. Over the period from 2017 to 2020, imports decreased by 19.3%, with a compound annual growth rate of 6.9%. The maximum value was recorded in 2018 at 49 586 tonnes. The largest decline occurred in 2019, at 19.3%, while the largest increase was in 2018, at 6.1%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, t

From 2017 to 2020, Norway, Russia, and Italy remained the principal suppliers of aluminium wire to Sweden. Norway accounted for 63.9% of imports in kind, Russia for 12.0%, and Italy for 8.6%, jointly making up 84.5% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sweden in kind, 2017-2020

Imports in value, M $ US

Sweden's aluminium wire imports declined for the second consecutive year. In 2020, imports amounted to 82.8 million US dollars, representing a strong reduction of 12.1% relative to the prior year. Between 2017 and 2020, imports decreased by 27.8%, equating to an annualized rate of 10.3%. The maximum value was recorded in 2018 at 131.4 million US dollars. The largest decline occurred in 2019, at 28.3%, while the largest increase was in 2018, at 14.5%.

Annual dynamics of product's imports to Sweden in value, 2017-2020, M $ US

In the period from 2017 to 2020, Norway, Russia, and Italy consistently remained the main destinations for imports in value terms. Norway accounted for 62.8% of imports, Russia for 10.5%, and Italy for 9.2%, together representing 82.4% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sweden in value, 2017-2020