Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Finland - 2023

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Finland (CIF) - 2023
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Finland (FOB) - 2022
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Finland
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Finland

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Finland (CIF) - 2023

In November 2023, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $27,893 per ton, dropping by -9.9% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in October 2023 an increase of 28% m-o-m. As a result, import price attained the peak level of $30,955 per ton, and then dropped in the following month.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($378K per ton), while the price for China ($8,839 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Finland (FOB) - 2022

The average export price for tubing; flexible, with or without fittings, of base metals stood at $38,893 per ton in 2022, shrinking by -15.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $45,887 per ton in 2021, and then contracted significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($71,717 per ton), while the average price for exports to France ($18,146 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 China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Finland

In 2022, approx. 668 tons of tubing; flexible, with or without fittings, of base metals were imported into Finland; surging by 13% compared with the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tubing; flexible, with or without fittings, of base metals surged to $14M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Finland in 2022:

1. Germany (165.4 tons)
2. Italy (143.5 tons)
3. Denmark (116.7 tons)
4. Serbia (34.3 tons)
5. Sweden (33.0 tons)
6. Spain (31.6 tons)
7. Turkey (23.3 tons)
8. United Kingdom (19.9 tons)
9. Netherlands (19.4 tons)
10. Belgium (17.4 tons)
11. China (16.5 tons)
12. Estonia (13.2 tons)
13. South Korea (12.5 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Finland

In 2022, shipments abroad of tubing; flexible, with or without fittings, of base metals increased by 12% to 152 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a deep reduction.

In value terms, exports of tubing; flexible, with or without fittings, of base metals contracted to $5.9M in 2022. Overall, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 9.5%.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Finland in 2022:

1. Netherlands (53.3 tons)
2. China (18.2 tons)
3. France (15.0 tons)
4. Sweden (14.5 tons)
5. Italy (11.0 tons)
6. South Korea (9.1 tons)
7. Germany (7.7 tons)
8. Spain (7.6 tons)
9. Russia (2.0 tons)
10. Poland (1.6 tons)

Source: IndexBox Market Intelligence Platform