Iron or steel wire articles market in Sweden

Earlier Report Observations

The market for iron or steel wire articles in Sweden fluctuated between 2018 and 2024, with volume rising from a low of 19 356 tons in 2019 to a peak of 32 228 tons in 2022. This growth was supported by increasing use of construction materials in the country, which boosted demand for steel wire in the building industry.

After 2022, market volume declined to 26 267 tons in 2023 and further to 23 282 tons in 2024. The downturn coincided with reduced profitability in the steel industry caused by a global drop in steel consumption, particularly in China, leading to oversupply. Additionally, rising prices for raw materials such as nickel and chromium, along with sanctions against Russia, increased costs and dampened demand.

Production iron or steel wire articles in Sweden

In value, 2017-2020, K $ US

In 2020, Sweden's production of iron or steel wire articles was valued at 28 018 thousand US dollars, marking a modest increase of 1.2% compared to the previous year. Looking at the broader period from 2017 to 2020, production saw a significant decline of 42.8%, which translates to an average annual decrease of 17.0%. The lowest production value was recorded in 2019 at 27 695 thousand US dollars, while the peak occurred in 2018 with 49 641 thousand US dollars. The most substantial drop in production happened in 2019, falling by 44.2%, whereas the largest gain was in 2018, rising by 1.3%.

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

In kind, 2017-2020, t

Sweden's production of iron or steel wire articles continued to decline for the second year in a row. In 2020, the country produced 10 326 tonnes, representing a year-on-year decrease of 13.3%. Over the four-year span from 2017 to 2020, production fell by 47.8%, with a compound annual growth rate of -19.5%. The highest production volume was achieved in 2018 at 20 296 tonnes. The most significant reduction occurred in 2019, with a drop of 41.3%, while the largest increase was in 2018, up by 2.5%.

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

Exports iron or steel wire articles from Sweden

Exports in kind, t

Exports of iron or steel wire articles from Sweden declined for the second consecutive year. In 2020, exports totaled 7 683 tonnes, showing a sharp decrease of 30.2% compared to the previous year. From 2017 to 2020, exports fell by 38.6%, which corresponds to an average annual decline of 15.0%. The peak export volume was recorded in 2018 at 13 003 tonnes. The largest increase in exports occurred in 2018, rising by 4.0%.

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

Between 2017 and 2020, the geographical distribution of Sweden's exports in volume terms was highly diverse. The top three destinations—Norway with 23.3% of exports, Finland with 14.2%, and the United Kingdom with 9.1%—collectively accounted for just 46.6% of total exports. The remaining 53.4% was spread across numerous smaller trading partners.

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 exports of iron or steel wire articles in value terms declined for the second year in a row. In 2020, exports amounted to 28 187 thousand US dollars, reflecting a decrease of 15.6% from the previous year. Over the period from 2017 to 2020, exports dropped by 27.1%, with a compound annual growth rate of -10.0%. The highest export value was recorded in 2018 at 40 436 thousand US dollars. The most significant decline occurred in 2019, falling by 17.4%, while the largest increase was in 2018, up by 4.6%.

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

An analysis of Sweden's exports in value terms from 2017 to 2020 reveals a wide distribution across multiple markets. The leading destinations—Norway with 25.5% of exports, Germany with 12.3%, and Finland with 10.8%—together made up only 48.6% of total exports. A substantial 51.4% was attributed to other partner countries.

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 wire articles to Sweden

Imports in kind, t

Sweden's imports of iron or steel wire articles in volume terms increased for the third consecutive year. In 2020, imports reached approximately 19 407 tonnes, up by 5.2% compared to the previous year. From 2017 to 2020, imports grew by 24.3%, equating to an average annual increase of 7.5%.

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

During the period from 2017 to 2020, three key markets—Germany, Czechia, and China—collectively accounted for 58.7% of Sweden's total imports of iron or steel wire articles in volume terms.

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 iron or steel wire articles in value terms rose for the third year in a row. In 2020, imports amounted to 43 282 thousand US dollars, showing a modest increase of 9.3% over the previous year. Between 2017 and 2020, imports increased by 39.5%, which translates to an average annual growth rate of 11.7%.

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

From 2017 to 2020, the main sources for Sweden's imports in value terms were China with 21.1%, Germany with 17.1%, and Czechia with 14.0%. Together, these three countries represented 52.2% 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