Finland: Aluminum Market Overview 2021

Aluminum Market Size in Finland

The Finnish aluminum market declined significantly to $X in 2020, which is down 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). Over the period under review, consumption recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Aluminum consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Aluminum Exports

Exports from Finland

In 2020, approx. X tonnes of aluminum were exported from Finland; picking up by X% on 2019 figures. Over the period under review, total exports indicated a noticeable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. 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% y-o-y. Exports peaked in 2020 and are likely to continue growth in the near future.

In value terms, aluminum exports reached $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tonnes) was the main destination for aluminum exports from Finland, with a X% share of total exports. Moreover, aluminum exports to Sweden exceeded the volume sent to the second major destination, Germany (X tonnes), threefold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Sweden totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and China (+X% per year).

In value terms, Sweden ($X), China ($X) and Germany ($X) were the largest markets for aluminum exported from Finland worldwide, together accounting for X% of total exports. These countries were followed by Poland, Japan, France and Portugal, which together accounted for a further X the main countries of destination, Portugal (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average aluminum export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2010 an increase of X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while the average price for exports to Japan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced mixed trend patterns.

Aluminum Imports

Imports into Finland

In 2020, the amount of aluminum imported into Finland contracted slightly to X tonnes, which is down by -X% on 2019. Overall, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. from 2018 to 2020, the growth imports failed to regain the momentum.

In value terms, aluminum imports contracted to $X in 2020. Over the period under review, imports saw a perceptible downturn. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Norway (X tonnes) constituted the largest aluminum supplier to Finland, accounting for a X% share of total imports. Moreover, aluminum imports from Norway exceeded the figures recorded by the second-largest supplier, Sweden (X tonnes), threefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume 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).

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

From 2007 to 2020, the average annual growth rate of value from Norway totaled -X%. 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

In 2020, the average aluminum import price amounted to $X per tonne, dropping by -X% against the previous year. In general, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were 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 2020, 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 Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminum in the world?

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The country with the largest volume of aluminum consumption was China (37M tonnes), accounting for 58% of total volume. Moreover, aluminum consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.1M tonnes), ninefold. Japan (2M tonnes) ranked third in terms of total consumption with a 3.2% share.

What are the largest producers of aluminum in the world?

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China (37M tonnes) constituted the country with the largest volume of aluminum production, comprising approx. 57% of total volume. Moreover, aluminum production in China exceeded the figures recorded by the second-largest producer, Russia (3.6M tonnes), tenfold. India (3.6M tonnes) ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of aluminum to Finland?

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In value terms, Norway ($46M) constituted the largest supplier of aluminum to Finland, comprising 53% of total imports. The second position in the ranking was occupied by Sweden ($18M), with a 20% share of total imports. It was followed by Germany, with a 3.3% share.

What are the leading importers of aluminum from Finland?

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In value terms, Sweden ($13M), China ($9.6M) and Germany ($5.4M) constituted the largest markets for aluminum exported from Finland worldwide, together comprising 85% of total exports. These countries were followed by Poland, Japan, France and Portugal, which together accounted for a further 22%.

What is the average export price for aluminum in Finland?

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In 2020, the average aluminum export price amounted to $1,511 per tonne, with a decrease of -7.9% against the previous year.

What is the average import price for aluminum in Finland?

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In 2020, the average aluminum import price amounted to $1,999 per tonne, waning by -9.5% against the previous year.