Finland: Aluminium Market Overview 2020

Aluminium Market Size in Finland

The revenue of the aluminium market in Finland amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, aluminium consumption continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. Over the period under review, the aluminium market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Aluminium Exports

Exports from Finland

In 2018, the exports of aluminium from Finland totaled X tonnes, approximately reflecting the previous year. Overall, the total exports indicated strong growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, aluminium exports increased by +X% against 2010 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Finland exports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, aluminium exports amounted to $X in 2018. Over the period under review, the total exports indicated slight growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, aluminium exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, aluminium exports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Russia (X tonnes), Canada (X tonnes) and the United Arab Emirates (X tonnes) represented roughly X% of total exports of aluminium in 2018. India (X tonnes) took a X% share (based on tonnes) of total exports, which put it in second place, followed by Australia (X%), Norway (X%) and Malaysia (X%). The Netherlands (X tonnes), Iceland (X tonnes), the U.S. (X tonnes), Qatar (X tonnes) and China (X tonnes) occupied a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium markets from Finland were Canada ($X), the United Arab Emirates ($X) and Russia ($X), together accounting for X% of total exports. India, Australia, Norway, Malaysia, the Netherlands, Iceland, the U.S., Qatar, China and Finland lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the aluminium export price in Finland amounted to $X per tonne, going up by X% against the previous year. Overall, the aluminium export price, however, continues to indicate a temperate descent. The pace of growth appeared the most rapid in 2010 when the export price increased by X% year-to-year. Finland export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Aluminium Imports

Imports into Finland

Aluminium imports into Finland stood at X tonnes in 2018, dropping by -X% against the previous year. Overall, aluminium imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. In that year, aluminium imports attained their peak of X tonnes, and then declined slightly in the following year.

In value terms, aluminium imports stood at $X in 2018. In general, aluminium imports continue to indicate a perceptible setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, aluminium imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Japan (X tonnes), Germany (X tonnes), South Korea (X tonnes) and Italy (X tonnes) represented the major importers of aluminium, together generating X% of total imports. The following importers - the Netherlands (X tonnes), Turkey (X tonnes), Mexico (X tonnes), Thailand (X tonnes), Poland (X tonnes), Malaysia (X tonnes) and Taiwan, Chinese (X tonnes) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported aluminium into Finland, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Germany (-X% per year).

Import Prices by Country

In 2018, the aluminium import price in Finland amounted to $X per tonne, rising by X% against the previous year. Overall, the aluminium import price, however, continues to indicate a measured setback. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Finland import price peaked at $X per tonne in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Average prices varied noticeably amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Mexico ($X per tonne) and Poland ($X per tonne), while South Korea ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform