Price for Iron or Steel; Cast Articles in Finland - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Finland (CIF) - 2023
- Price for Iron or Steel; Cast Articles in Finland (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Finland
- Exports of Iron or Steel; Cast Articles in Finland
Price for Iron or Steel; Cast Articles in Finland (CIF) - 2023
The average import price for iron or steel; cast articleses stood at $3,959 per ton in June 2023, rising by 21% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in November 2022 an increase of 24% month-to-month. The import price peaked at $4,079 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($4,689 per ton), while the price for Estonia ($2,084 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Finland (FOB) - 2022
The average export price for iron or steel; cast articleses stood at $4,005 per ton in 2022, remaining stable against the previous year. In general, the export price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 an increase of 214%. As a result, the export price attained the peak level of $12,170 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($13,008 per ton), while the average price for exports to Denmark ($1,623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Finland
In 2022, the amount of iron or steel; cast articleses imported into Finland skyrocketed to 30K tons, jumping by 25% against 2021 figures. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, iron or steel; cast articles imports surged to $92M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 18.4 | 17.2 | 19.4 | 35.9 | 25.0% |
| China | 3.2 | 3.9 | 11.4 | 13.7 | 62.4% |
| India | 5.2 | 3.7 | 5.8 | 8.1 | 15.9% |
| Czech Republic | 2.1 | 2.6 | 3.5 | 5.5 | 37.8% |
| Belgium | 2.1 | 2.6 | 2.9 | 5.4 | 37.0% |
| Poland | 3.8 | 2.3 | 3.0 | 4.7 | 7.3% |
| Estonia | 1.9 | 1.8 | 2.9 | 4.1 | 29.2% |
| Turkey | 3.2 | 1.9 | 3.3 | 3.3 | 1.0% |
| Italy | 8.2 | 7.9 | 3.1 | 3.0 | -28.5% |
| France | 2.2 | 1.4 | 1.7 | 2.5 | 4.4% |
| Ukraine | 0.1 | 0.2 | 0.1 | 1.9 | 166.8% |
| Lithuania | 1.8 | 1.7 | 1.4 | 1.3 | -10.3% |
| Moldova | 1.0 | 1.4 | 1.7 | 0.1 | -53.6% |
| Others | 8.4 | 7.9 | 7.7 | 2.2 | -36.0% |
| Total | 61.5 | 56.7 | 68.0 | 91.6 | 14.2% |
Top Suppliers of Iron or Steel; Cast Articles to Finland in 2022:
- Germany (8.2K tons)
- China (5.0K tons)
- India (4.1K tons)
- Czech Republic (2.4K tons)
- Belgium (2.1K tons)
- Estonia (1.6K tons)
- Ukraine (1.1K tons)
- Italy (1.1K tons)
- Poland (0.9K tons)
- Turkey (0.7K tons)
- France (0.6K tons)
- Lithuania (0.5K tons)
- Moldova (0.1K tons)
Exports of Iron or Steel; Cast Articles in Finland
For the fourth consecutive year, Finland recorded growth in overseas shipments of iron or steel; cast articleses, which increased by 13% to 5.9K tons in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 230%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, iron or steel; cast articles exports reached $23M in 2022. The total export value increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Iron or Steel; Cast Articles in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.1 | 5.1 | 4.9 | 6.0 | 13.5% |
| Slovenia | 4.3 | 3.2 | 6.6 | 5.2 | 6.5% |
| Hungary | 2.1 | 2.0 | 1.5 | 2.4 | 4.6% |
| Denmark | 1.0 | 1.1 | 1.3 | 1.6 | 17.0% |
| Estonia | 1.6 | 1.4 | 1.9 | 1.4 | -4.4% |
| Latvia | 0.2 | 0.6 | 0.6 | 1.0 | 71.0% |
| Italy | 1.0 | 0.3 | 0.4 | 0.9 | -3.5% |
| Lithuania | 0.4 | 0.5 | 0.1 | 0.2 | -20.6% |
| Others | 3.0 | 4.4 | 3.6 | 4.9 | 17.8% |
| Total | 17.6 | 18.5 | 20.9 | 23.5 | 10.1% |
Top Export Markets for Iron or Steel; Cast Articles from Finland in 2022:
- Sweden (1956.3 tons)
- Denmark (992.7 tons)
- Slovenia (414.9 tons)
- Estonia (393.1 tons)
- Latvia (339.7 tons)
- Hungary (318.4 tons)
- Italy (250.7 tons)
- Lithuania (152.9 tons)
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