Finland: Aluminium Market Overview 2021

Aluminium Market Size in Finland

The Finnish aluminium market was estimated at $X in 2019, picking up 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, consumption, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Aluminium Exports

Exports from Finland

After four years of growth, shipments abroad of aluminium decreased by -X% to X tonnes in 2019. Over the period under review, total exports indicated a temperate expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2018, and then fell in the following year.

In value terms, aluminium exports contracted remarkably to $X in 2019. In general, exports, however, saw a slight setback. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2018, and then fell remarkably in the following year.

Exports by Country

Sweden (X tonnes), Germany (X tonnes) and Poland (X tonnes) were the main destinations of aluminium exports from Finland, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in Germany, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium exported from Finland were Sweden ($X), Germany ($X) and Poland ($X), with a combined X% share of total exports.

Among the main countries of destination, Germany saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2019, the average aluminium export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the export price saw a perceptible descent. The growth pace was the most rapid in 2010 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably for the major external markets. In 2019, the countries with the highest prices were Poland ($X per tonne) and France ($X per tonne), while the average price for exports to Japan ($X per tonne) and Germany ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced a decline.

Aluminium Imports

Imports into Finland

In 2019, approx. X tonnes of aluminium were imported into Finland; increasing by X% on 2018. In general, imports, however, showed a mild decline. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, aluminium imports dropped to $X in 2019. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Norway (X tonnes) constituted the largest supplier of aluminium to Finland, with a X% share of total imports. Moreover, aluminium imports from Norway exceeded the figures recorded by the second-largest supplier, Sweden (X tonnes), sixfold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Norway amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-X% per year) and Germany (+X% per year).

In value terms, Norway ($X) constituted the largest supplier of aluminium to Finland, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Norway was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-X% per year) and Germany (+X% per year).

Import Prices by Country

The average aluminium import price stood at $X per tonne in 2019, waning by -X% against the previous year. In general, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Sweden ($X per tonne) and Norway ($X per tonne), while the price for the United Arab Emirates ($X per tonne) and Germany ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium in the world?

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China (36M tonnes) remains the largest aluminium consuming country worldwide, comprising approx. 53% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.2M tonnes), ninefold. India (2.8M tonnes) ranked third in terms of total consumption with a 4.1% share.

What are the largest producers of aluminium in the world?

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The country with the largest volume of aluminium production was China (36M tonnes), comprising approx. 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, India (4.5M tonnes), eightfold. The third position in this ranking was occupied by Russia (3.6M tonnes), with a 5.4% share.

What are the leading suppliers of aluminium to Finland?

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In value terms, Norway ($73M) constituted the largest supplier of aluminium to Finland, comprising 73% of total imports. The second position in the ranking was occupied by Sweden ($12M), with a 12% share of total imports. It was followed by Germany, with a 4.2% share.

What are the leading importers of aluminium from Finland?

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In value terms, the largest markets for aluminium exported from Finland were Sweden ($14M), Germany ($7.2M) and Poland ($3.7M), with a combined 85% share of total exports.

What is the average export price for aluminium in Finland?

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The average aluminium export price stood at $1,639 per tonne in 2019, which is down by -20.6% against the previous year.

What is the average import price for aluminium in Finland?

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The average aluminium import price stood at $2,195 per tonne in 2019, falling by -13.3% against the previous year.