Finland: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Finland

In 2022, the Finnish base metal hinge market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a prominent increase 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 2020 indices. Base metal hinge consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Base Metal Hinge Production in Finland

In value terms, base metal hinge production soared to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt slump. Base metal hinge production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Base Metal Hinge Exports

Exports from Finland

In 2022, approx. X tons of base metal hinges were exported from Finland; picking up by X% compared with the previous year's figure. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its volume 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, exports increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, base metal hinge exports expanded remarkably to $X in 2022. In general, exports posted a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Estonia (X tons), Sweden (X tons) and Norway (X tons) were the main destinations of base metal hinge exports from Finland, with a combined X% share of total exports. Latvia, Russia, Poland and Romania lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for base metal hinge exported from Finland were Estonia ($X), Sweden ($X) and Norway ($X), with a combined X% share of total exports. Latvia, Russia, Poland and Romania lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Latvia, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average base metal hinge export price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. The export price peaked 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 Russia ($X per ton), while the average price for exports to Romania ($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.

Base Metal Hinge Imports

Imports into Finland

For the third consecutive year, Finland recorded growth in overseas purchases of base metal hinges, which increased by X% to X tons in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal hinge imports rose remarkably to $X in 2022. Overall, total imports indicated a remarkable increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of base metal hinge imports to Finland, together comprising X% of total imports. Italy, Sweden, France, Poland and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal hinge suppliers to Finland were Germany ($X), China ($X) and Austria ($X), together accounting for X% of total imports. Sweden, Italy, Poland, Switzerland and France lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw 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 base metal hinge import price amounted to $X per ton, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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