Finland: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Finland

In 2020, the Finnish market for iron or steel leaf-springs and leaves decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, consumption saw a noticeable contraction. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Production of Iron Or Steel Leaf-Springs And Leaves in Finland

In value terms, production of iron or steel leaf-springs and leaves contracted slightly to $X in 2020 estimated in export prices. In general, production, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2014 to 2020, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Finland

In 2020, shipments abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the third year in a row after two years of growth. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Exports peaked at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, exports of iron or steel leaf-springs and leaves shrank rapidly to $X in 2020. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Russia (X tons) was the main destination for exports of iron or steel leaf-springs and leaves from Finland, with a X% share of total exports. Moreover, exports of iron or steel leaf-springs and leaves to Russia exceeded the volume sent to the second major destination, Estonia (X tons), twofold. The third position in this ranking was occupied by China (X tons), with a X% share.

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

In value terms, China ($X), Estonia ($X) and Russia ($X) constituted the largest markets for iron or steel leaf-spring and leave exported from Finland worldwide, together accounting for X% of total exports.

Among the main countries of destination, China 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 mixed trend patterns.

Export Prices by Country

In 2020, the average export price for iron or steel leaf-springs and leaves amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a mild expansion. Over the period under review, average export prices hit record highs at $X per ton in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was China ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Finland

In 2020, purchases abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by X% y-o-y. Imports peaked at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, imports of iron or steel leaf-springs and leaves fell remarkably to $X in 2020. Over the period under review, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

The Czech Republic (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of imports of iron or steel leaf-springs and leaves to Finland, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Belgium, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel leaf-spring and leave suppliers to Finland were Germany ($X), the Czech Republic ($X) and Belgium ($X), together accounting for X% of total imports.

Belgium saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, falling by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Sweden ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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