Report Update: May 1, 2024

Finland - Sanitary Ware And Parts Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Iron or Steel Sanitary Ware in Finland - 2023

Price for Iron or Steel Sanitary Ware in Finland (CIF) - 2023

The average import price for sanitary ware and parts of iron or steel stood at $4.0 per unit in July 2023, which is down by -45% against the previous month. Over the period under review, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 46% against the previous month. As a result, import price reached the peak level of $7.3 per unit, and then declined significantly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($6.8 per unit), while the price for Poland ($2.4 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.

Price for Iron or Steel Sanitary Ware in Finland (FOB) - 2023

In July 2023, the average export price for sanitary ware and parts of iron or steel amounted to $25.3 per unit, picking up by 217% against the previous month. Over the period under review, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($35.7 per unit), while the average price for exports to Norway ($683 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Sanitary Ware in Finland

In 2022, approx. 1.4M units of sanitary ware and parts of iron or steel were imported into Finland; picking up by 17% against the previous year. The total import volume increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, iron or steel sanitary ware imports soared to $8.6M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Iron or Steel Sanitary Ware in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	948	1,875	1,651	2,206	32.5%
Sweden	2,288	1,870	1,714	1,881	-6.3%
Denmark	377	285	560	864	31.8%
Poland	356	337	738	766	29.1%
Netherlands	703	1,309	555	608	-4.7%
Germany	537	504	343	452	-5.6%
Estonia	67.2	128	303	365	75.8%
Spain	312	204	333	280	-3.5%
Italy	79.9	198	203	237	43.7%
Romania	N/A	N/A	N/A	154	0%
Others	1,095	873	976	823	-9.1%
Total	6,764	7,582	7,377	8,635	8.5%

Top Suppliers of Iron or Steel Sanitary Ware to Finland in 2022:

China (410.5K units)
Sweden (257.3K units)
Poland (129.5K units)
Netherlands (108.0K units)
Estonia (101.4K units)
Denmark (79.5K units)
Germany (61.6K units)
Spain (61.6K units)
Italy (50.8K units)
Romania (48.2K units)

Exports of Iron or Steel Sanitary Ware in Finland

After three years of growth, overseas shipments of sanitary ware and parts of iron or steel decreased by -36.4% to 234K units in 2022. In general, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. As a result, the exports reached the peak of 369K units, and then fell dramatically in the following year.

In value terms, iron or steel sanitary ware exports reduced rapidly to $2.5M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 52% against the previous year. As a result, the exports reached the peak of $4.1M, and then dropped sharply in the following year.

Export of Iron or Steel Sanitary Ware in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	47.6	145	280	525	122.6%
Sweden	201	377	375	347	20.0%
Norway	408	408	205	315	-8.3%
United States	142	86.5	513	307	29.3%
China	250	263	796	132	-19.2%
Estonia	139	122	163	125	-3.5%
Russia	274	369	251	105	-27.4%
Poland	14.7	97.8	158	103	91.4%
Austria	6.0	0.1	75.8	74.9	132.0%
United Kingdom	75.3	39.9	81.8	69.6	-2.6%
Italy	83.5	23.1	66.4	68.0	-6.6%
India	219	69.2	111	31.2	-47.8%
Latvia	37.3	36.9	46.4	31.2	-5.8%
Others	616	675	994	234	-27.6%
Total	2,513	2,713	4,117	2,469	-0.6%

Top Export Markets for Iron or Steel Sanitary Ware from Finland in 2022:

United States (46.0K units)
Norway (38.3K units)
Sweden (33.1K units)
Germany (27.8K units)
Estonia (27.7K units)
China (12.3K units)
Poland (8.1K units)
Russia (6.7K units)
Italy (5.3K units)
United Kingdom (5.2K units)
Austria (5.0K units)
Latvia (4.9K units)
India (1.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel sanitary ware in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991131 - Sanitary ware and parts of sanitary ware of iron or steel

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023