Iron or steel baths market in Sweden

Earlier Report Observations

Between 2020 and 2024, the market for iron or steel baths in Sweden contracted by over 70%, from 44 039 units to 12 246 units. This decline coincided with rising energy costs in the steel industry and disruptions in maritime transport, which increased production and logistics expenses. Additionally, the introduction of the EU's Carbon Border Adjustment Mechanism (CBAM) created new regulatory hurdles for steel imports, affecting raw material availability and prices for bath manufacturers.

Domestic production of baths ceased entirely by 2024, after having reached 3 000 units in 2020 and 2 000 units in 2021. Swedish steel companies invested in pollution-control technologies and the transition to green steel, which may have led to the repurposing of capacity or the shutdown of less efficient production lines for items like baths. EU legislation, including export duties and quotas on scrap metal, limited the supply of scrap to Swedish steel mills, increasing reliance on imported iron ore and altering production priorities.

Production iron or steel baths in Sweden

In value, 2017-2020, K $ US

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

In kind, 2017-2020, unit

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

Exports iron or steel baths from Sweden

Exports in kind, unit

Sweden's exports of iron or steel baths increased in 2020 after two years of decline. The country exported 5 434 units that year, marking a 50.2% increase compared to 2019. Looking at the broader period from 2017 to 2020, exports fell by 37% overall, which translates to an average annual decline of 14.3%. The lowest export volume was recorded in 2019 at 3 618 units, while the sharpest drop occurred in 2018 with a 55.2% decrease.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, unit

From 2017 to 2020, Norway, Denmark, and Finland were the primary destinations for Sweden's iron or steel bath exports in terms of volume. Norway accounted for 54.6% of these exports, Denmark for 17.7%, and Finland for 12.7%. Together, these three countries represented 85.1% of Sweden's total export flows during this period.

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

Sweden's export value of iron or steel baths rose in 2020 following two years of decline. Exports reached 605 thousand US dollars that year, showing a significant 33.3% increase compared to 2019. Over the 2017-2020 period, export value decreased by 32.8% in total, with a compound annual growth rate of -12.4%. The lowest value was recorded in 2019 at 454 thousand US dollars, while the largest decline happened in 2018 with a 37.4% drop.

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

Between 2017 and 2020, Norway, Denmark, and Finland were the top contributors to Sweden's export value of iron or steel baths. Norway made up 53.2% of the export value, Denmark 20.6%, and Finland 14.8%. Collectively, these three countries accounted for 88.5% of Sweden's total export value flows during this time.

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

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

Imports iron or steel baths to Sweden

Imports in kind, unit

Sweden's imports of iron or steel baths showed notable fluctuations from 2017 to 2020. In 2020, imports amounted to approximately 46 473 units, reflecting a 77.7% increase compared to the previous year. The lowest import volume was recorded in 2019 at 26 146 units, resulting in a 1.8-fold difference between the peak in 2020 and the trough in 2019. The largest decline occurred in 2018 with a 36.3% decrease.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, unit

From 2017 to 2020, China, Portugal, and Germany were the main suppliers of iron or steel baths to Sweden in terms of volume. China accounted for 44.7% of imports, Portugal for 26.5%, and Germany for 22.5%. Together, these three countries represented 93.8% of Sweden's total import volume during this period.

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 import value of iron or steel baths declined for the third consecutive year in 2020. Imports totaled 2 529 thousand US dollars that year, indicating a 5.9% decrease compared to 2019. Over the 2017-2020 period, import value fell by 40.7% overall, with a compound annual growth rate of -16.0%.

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

Between 2017 and 2020, China and Germany were the dominant sources for Sweden's imports of iron or steel baths in value terms. Together, they accounted for 83.1% of total import value, with the remaining share going to other markets.

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

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