Finland: Iron Angle Market 2024

Iron Angle Market Size in Finland

For the fourth consecutive year, the Finnish iron angle market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Iron Angle Production in Finland

In value terms, iron angle production reduced sharply to $X in 2022 estimated in export price. Over the period under review, production faced a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Iron Angle Exports

Exports from Finland

In 2022, the amount of angles, shapes and sections (of iron or non-alloy steel) exported from Finland shrank notably to X tons, dropping by X% compared with the previous year. Over the period under review, exports, however, continue to indicate a noticeable expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, iron angle exports rose modestly to $X in 2022. Overall, exports, however, saw noticeable growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Estonia (X tons) was the main destination for iron angle exports from Finland, accounting for a X% share of total exports. Moreover, iron angle exports to Estonia exceeded the volume sent to the second major destination, Latvia (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Poland (X% per year).

In value terms, Estonia ($X) remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with an X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Poland (X% per year).

Export Prices by Country

The average iron angle export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, recorded a slight slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Russia ($X 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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Finland

In 2022, the amount of angles, shapes and sections (of iron or non-alloy steel) imported into Finland surged to X tons, growing by X% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, iron angle imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a moderate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Luxembourg (X tons) and Poland (X tons) were the main suppliers of iron angle imports to Finland, with a combined X% share of total imports. Turkey, Spain, France, Italy, the Czech Republic, Sweden, Estonia and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron angle suppliers to Finland were Germany ($X), Luxembourg ($X) and Poland ($X), together accounting for X% of total imports. Turkey, Spain, France, Italy, Sweden, the Czech Republic, Estonia and the UK lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average iron angle import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron angle import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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