Forecast: Import of Flat Semi-Finished Products of Stainless Steel to Sweden

The import of flat semi-finished products of stainless steel to Sweden has shown significant variability over the past decade. Actual data demonstrates substantial fluctuations with a high of 142.03 million kg in 2021 and a substantial drop to 67.283 million kg in 2020. From 2013 to 2023, the import values generally increased until 2018, followed by a decline, showing a long-term trend of irregular growth interspersed with sharp drops, particularly in 2019 and 2020. As of 2023, the import stood at 90.961 million kg, marking a minor decrease of 2.61% from the previous year. The most recent five-year CAGR (2019-2023) indicates an average annual decrease of 8.33%, emphasizing the downward trend.

Looking at forecasted data from 2024 onwards, a significant decline is projected. By 2028, the import volume is expected to reduce to 42.676 million kg, reflecting a five-year CAGR of -12.05%. Compared to 2023, this forecast anticipates a decline of nearly 53%.

Future trends to watch for include changing global trade policies, the development of local production capabilities in Sweden, and shifts in demand for stainless steel products within the European market. These factors could either mitigate or exacerbate the projected decline in imports.