Report Update: May 1, 2024

Finland - Welded And Cold-Formed Sections Of Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Welded and Cold-Formed Steel Sections in Finland - 2023

Price for Welded and Cold-Formed Steel Sections in Finland (FOB) - 2022

In 2022, the average export price for welded and cold-formed sections of steel amounted to $4,705 per ton, increasing by 26% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, welded and cold-formed steel sections export price decreased by -15.1% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 90%. As a result, the export price attained the peak level of $7,090 per ton. From 2014 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 Australia ($39,090 per ton), while the average price for exports to Estonia ($2,913 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 Australia (+41.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Welded and Cold-Formed Steel Sections in Finland (CIF) - 2023

The average import price for welded and cold-formed sections of steel stood at $3,702 per ton in June 2023, picking up by 7.9% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 20% m-o-m. Over the period under review, average import prices reached the peak figure at $4,765 per ton in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat 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 Lithuania ($4,439 per ton), while the price for Poland ($2,429 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 Lithuania (+2.7%), while the prices for the other major suppliers experienced a decline.

Exports of Welded and Cold-Formed Steel Sections in Finland

In 2022, overseas shipments of welded and cold-formed sections of steel decreased by -62.1% to 840 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 249%. As a result, the exports reached the peak of 2.2K tons, and then fell significantly in the following year.

In value terms, welded and cold-formed steel sections exports shrank remarkably to $4M in 2022. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 152% against the previous year. As a result, the exports attained the peak of $8.3M, and then declined significantly in the following year.

Export of Welded and Cold-Formed Steel Sections in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	934	1,630	5,928	1,881	26.3%
Netherlands	0.1	228	432	456	1558.3%
Germany	70.5	24.8	444	342	69.3%
Norway	70.2	232	52.1	260	54.7%
Denmark	112	324	199	139	7.5%
Estonia	11.9	89.2	102	118	114.8%
Poland	312	85.0	247	118	-27.7%
Japan	377	146	N/A	0.2	-91.9%
Others	864	518	862	637	-9.7%
Total	2,753	3,276	8,267	3,951	12.8%

Top Export Markets for Welded and Cold-Formed Steel Sections from Finland in 2022:

Japan (undefined tons)
Sweden (617.6 tons)
Netherlands (45.2 tons)
Estonia (40.5 tons)
Poland (34.4 tons)
Germany (30.8 tons)
Norway (26.1 tons)
Denmark (17.2 tons)

Imports of Welded and Cold-Formed Steel Sections in Finland

In 2022, supplies from abroad of welded and cold-formed sections of steel decreased by -9.5% to 1.8K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, imports reached the peak of 3.1K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, welded and cold-formed steel sections imports declined slightly to $7.1M in 2022. In general, imports recorded a slight reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 40% against the previous year. As a result, imports attained the peak of $10M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Welded and Cold-Formed Steel Sections in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	1,714	6,143	3,355	3,341	24.9%
Lithuania	29.9	123	211	1,622	278.6%
Poland	3,023	2,655	1,470	943	-32.2%
China	441	182	273	242	-18.1%
Czech Republic	39.7	113	74.1	151	56.1%
Sweden	102	103	447	149	13.5%
Switzerland	559	96.4	200	125	-39.3%
France	191	193	474	72.3	-27.7%
Spain	575	141	137	N/A	-51.2%
Others	807	702	632	490	-15.3%
Total	7,481	10,451	7,274	7,135	-1.6%

Top Suppliers of Welded and Cold-Formed Steel Sections to Finland in 2022:

Estonia (997.2 tons)
Lithuania (355.5 tons)
Poland (226.2 tons)
China (42.5 tons)
Czech Republic (37.5 tons)
Sweden (32.9 tons)
France (17.4 tons)
Switzerland (14.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for welded and cold-formed steel sections 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 24107420 - Welded and cold-formed sections (of steel)
Prodcom 2410T260 - Welded sections

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