Report Update: May 1, 2024

Finland - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights

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Stranded Wire Price in Finland - 2023

Stranded Wire Price in Finland (CIF) - 2022

In 2022, the average stranded wire import price amounted to $4,663 per ton, surging by 11% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 59% against the previous year. Over the period under review, average import prices attained the peak figure at $11,895 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($9,485 per ton), while the price for Malaysia ($2,188 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Stranded Wire Price in Finland (FOB) - 2022

In 2022, the average stranded wire export price amounted to $9,235 per ton, rising by 39% against the previous year. In general, the export price recorded a prominent increase. The growth pace was the most rapid in 2021 an increase of 65% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($18,837 per ton), while the average price for exports to Pakistan ($901 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 Denmark (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports in Finland

For the fourth year in a row, Finland recorded growth in overseas purchases of stranded wire, ropes and cables, which increased by 19% to 24K tons in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.2% 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 +77.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, stranded wire imports surged to $113M in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Stranded Wire in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	12.5	15.5	23.3	35.5	41.6%
Sweden	8.7	9.0	11.1	19.1	30.0%
Vietnam	3.9	2.6	4.3	14.6	55.3%
Spain	7.8	5.8	13.9	9.3	6.0%
Turkey	6.6	3.5	4.3	9.2	11.7%
China	2.9	11.4	10.3	6.8	32.9%
India	0.2	2.8	6.3	1.3	86.6%
Hungary	1.6	0.9	0.2	0.8	-20.6%
Others	9.9	8.8	12.4	16.7	19.0%
Total	54.1	60.3	86.2	113	27.8%

Top Suppliers of Stranded Wire to Finland in 2022:

Sweden (5.5K tons)
Vietnam (4.9K tons)
Germany (3.7K tons)
China (2.4K tons)
Turkey (2.3K tons)
Spain (1.4K tons)
India (0.5K tons)
Hungary (0.2K tons)

Stranded Wire Exports in Finland

Stranded wire exports from Finland dropped notably to 1.4K tons in 2022, waning by -25.3% against the previous year. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of 1.9K tons, and then reduced sharply in the following year.

In value terms, stranded wire exports stood at $13M in 2022. In general, exports, however, saw a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 104% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Stranded Wire in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	714	338	1,105	4,065	78.6%
Estonia	165	399	1,138	793	68.8%
Sweden	662	370	716	695	1.6%
Germany	50.7	94.7	843	687	138.4%
Denmark	97.4	22.7	346	615	84.8%
United States	46.0	189	537	597	135.0%
China	255	330	398	582	31.7%
Poland	277	273	464	543	25.2%
United Kingdom	9.8	27.5	436	397	243.4%
Russia	3,766	1,271	1,080	306	-56.7%
France	186	154	331	300	17.3%
Brazil	61.8	94.4	172	262	61.8%
Pakistan	368	332	323	87.8	-38.0%
Others	1,110	2,375	4,919	3,380	44.9%
Total	7,769	6,271	12,808	13,310	19.7%

Top Export Markets for Stranded Wire from Finland in 2022:

Norway (369.4 tons)
Sweden (273.2 tons)
Estonia (103.5 tons)
Pakistan (97.5 tons)
China (64.1 tons)
Denmark (55.2 tons)
Russia (53.4 tons)
Germany (47.5 tons)
Poland (44.7 tons)
France (34.5 tons)
United Kingdom (32.7 tons)
United States (31.7 tons)
Brazil (26.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stranded wire market 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables

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