Welded circular-section stainless steel tubes, pipes and hollow profiles market in Sweden

Earlier Report Observations

The market volume for welded stainless steel tubes in Sweden, measured in tons, increased from 10 086 t in 2020 to 10 718 t in 2021, then declined to 9 303 t in 2022 before a slight recovery to 9 579 t in 2023. In value terms, the market expanded sharply from $35.2 million in 2020 to $51.4 million in 2021, reached $55.9 million in 2022, and contracted to $48.8 million in 2023.

Domestic production in physical terms grew from 235 t in 2020 to 301 t in 2023, with a peak of 287 t in 2021 and 286 t in 2022. The value of production rose more steeply, from $2.2 million in 2020 to $4.8 million in 2022, then fell to $3.9 million in 2023, reflecting changes in unit prices or product mix.

Overall, the Swedish market for welded stainless steel tubes experienced fluctuations in both volume and value between 2020 and 2023, with the value dimension showing greater volatility due to price movements or shifts toward higher-value products.

Production welded circular stainless pipes 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 welded circular stainless pipes from Sweden

Exports in kind, t

The market showed significant volatility during this period. In 2019, exports reached their lowest point at 705 tonnes, representing a 23.3% decline. The following year, in 2020, exports peaked at 1 763 tonnes of welded circular-section stainless steel tubes, pipes and hollow profiles from Sweden, which was 150.1% higher than the previous year. This created a 2.5-fold difference between the minimum and maximum values.

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

From 2017 to 2020, Finland, Poland, and Norway were the key export partners for Sweden in terms of volume. Finland accounted for 24.0% of exports, Poland for 16.7%, and Norway for 9.5%. Together, these three countries represented 50.1% of total export 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, K $ US

Market volatility was evident in the value of exports as well. In 2019, exports hit their minimum at 7 894 thousand US dollars, with the largest decline of 9.0% occurring in 2018. By 2020, exports surged to 13 442 thousand US dollars for cross-border shipments of welded circular-section stainless steel tubes, pipes and hollow profiles from Sweden, marking a 70.3% increase compared to the previous year. This resulted in a 1.7-fold variation between the lowest and highest values.

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

Between 2017 and 2020, Sweden exported welded circular-section stainless steel tubes, pipes and hollow profiles to a diverse range of markets. The top destinations by value were Poland with 19.4% of exports, Finland with 16.0%, and Thailand with 7.5%. Collectively, these three markets accounted for 42.9% of total export value, while numerous smaller destinations made up the remaining 57.1%.

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

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

Imports welded circular stainless pipes to Sweden

Imports in kind, t

Imports of welded circular-section stainless steel tubes, pipes and hollow profiles to Sweden grew for the second consecutive year. In 2018, imports dropped to their lowest point at 9 993 tonnes, with the largest decline of 9.2% recorded that year. By 2020, imports rose to 11 614 tonnes, showing a robust 15.3% increase compared to 2019. Over the entire 2017-2020 period, imports increased by 5.5%, translating to an annual growth rate of 1.8%.

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

From 2017 to 2020, the largest sources of imports by volume were Finland, Italy, and Denmark. Finland contributed 28.5% of imports, Italy 23.9%, and Denmark 14.1%. Together, these three countries comprised 66.5% 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

In terms of value, imports of foreign welded circular-section stainless steel tubes, pipes and hollow profiles to Sweden stood at 46 438 thousand US dollars in 2020, up 7.2% year-on-year. The maximum value was recorded in 2018 at 48 564 thousand US dollars, while the minimum was in 2019 at 43 324 thousand US dollars, which saw the largest decline of 10.8%. Overall, between 2017 and 2020, imports decreased by 2.8%, equivalent to an annualized rate of 0.9%.

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

Throughout 2017-2020, Finland, Germany, and Italy were the leading suppliers in value terms for imports of welded circular-section stainless steel tubes, pipes and hollow profiles to Sweden. Finland accounted for 28.1% of imports, Germany for 18.7%, and Italy for 15.6%. Jointly, these three countries represented 62.4% 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