Cold-formed or cold-finished iron or non-alloy steel angles, shapes and sections market in Sweden

Earlier Report Observations

Between 2018 and 2020, the market for cold-formed steel angles and sections in Sweden expanded in physical volume, reaching 61 554 t. This growth was initially driven by increased demand from construction and infrastructure projects. The COVID-19 pandemic in 2020 disrupted global supply chains, reducing imports to 5 881 t and raising exports to 14 622 t, yet domestic production increased to 70 295 t as the industry adopted more automation and digital processes to maintain output.

After peaking in 2020, the market volume gradually contracted to 52 188 t by 2024. In contrast, the market value rose steadily throughout the period, reaching $119.8 million in 2024. This divergence was influenced by a growing focus on sustainability, which spurred demand for lightweight and recycled steel products in automotive and construction applications, alongside persistent global raw material price increases and logistics challenges that elevated costs.

The period was characterized by stable underlying demand in the building sector, with a continuous shift toward more sustainable and energy-efficient materials. These evolving consumer preferences, coupled with external factors like the pandemic and cost pressures, shaped both the physical and value trajectory of Sweden's cold-formed steel market.

Production cold-formed angles and shapes in Sweden

In value, 2017-2020, M $ US

In 2020, Sweden's production of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections was valued at 102.3 million US dollars, marking an 18.4% year-over-year increase. From 2017 to 2020, production grew by 39.1%, which translates to an annualized rate of 11.6%.

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

In kind, 2017-2020, t

In 2020, Sweden produced 70,295 tonnes of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections, representing a sharp rise of 30.2% compared to the previous year. Between 2017 and 2020, production increased by 71.1%, equating to an annualized growth rate of 19.6%.

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

Exports cold-formed angles and shapes from Sweden

Exports in kind, t

Sweden's exports of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections grew for the third consecutive year. In 2020, exports reached 14,622 tonnes, showing a robust gain of 15.6% from 2019. Over the period from 2017 to 2020, exports increased by 47.3%, with a compound annual growth rate (CAGR) of 13.8%.

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

From 2017 to 2020, Norway and Denmark accounted for 88.7% of Sweden's total exports in volume, while the remaining share was distributed among other destinations, each contributing smaller amounts.

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, K $ US

In 2020, Sweden exported 26,916 thousand US dollars worth of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections, up by 12.8% compared to the previous year. Between 2017 and 2020, exports increased by 29.5%, with a CAGR of 9.0%. The largest decline occurred in 2019 at 1.6%, while the largest increase was recorded in 2018 at 16.6%.

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

From 2017 to 2020, the leading destinations for Sweden's exports in value terms of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections were Norway (48.7% of exports), Denmark (24.9% of exports), and Estonia (15.3% of exports). Together, these three countries accounted for 88.9% of total export 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 cold-formed angles and shapes to Sweden

Imports in kind, t

Sweden's imports of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections declined for the second consecutive year. In 2020, imports amounted to 5,881 tonnes, down by 16.0% compared to the previous year. Between 2017 and 2020, imports decreased by 22.5%, equating to an annualized decline of 8.1%. The highest volume was recorded in 2018 at 9,851 tonnes, with the largest decline occurring in 2019 at 28.9% and the largest increase in 2018 at 29.9%.

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

Throughout 2017 to 2020, Finland (29.3% of imports in volume), Germany (22.1% of imports in volume), and Austria (19.8% of imports in volume) formed the key group of partners for Sweden's imports of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections, jointly representing 71.1% of total import flows.

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, K $ US

Sweden's imports of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections declined for the second consecutive year. In 2020, imports totaled 9,244 thousand US dollars, which is 20.1% lower than in 2019. Over the period from 2017 to 2020, imports decreased by 28.9%, with a CAGR of 10.7%. The peak value was recorded in 2018 at 15,806 thousand US dollars, with the largest decline in 2019 at 26.8% and the largest increase in 2018 at 21.6%.

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

From 2017 to 2020, Germany (24.4% of imports in value), Austria (23.1% of imports in value), and Finland (22.4% of imports in value) formed the key group of partners for Sweden's imports in value terms of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections, jointly accounting for 69.9% of total import flows.

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

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