Finland: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Finland

In 2022, the Finnish metal screw hook market increased by 0.1% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, recorded a significant expansion. Metal screw hook consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Metal Screw Hook Production in Finland

In value terms, metal screw hook production stood at $X in 2022 estimated in export price. Overall, production, however, posted a significant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 10,595%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Metal Screw Hook Exports

Exports from Finland

In 2022, shipments abroad of iron or steel screw hooks and screw rings decreased by -26.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2016 with an increase of 57%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal screw hook exports declined dramatically to $X in 2022. In general, exports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of 59%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X tons), Sweden (X tons) and South Korea (X tons) were the main destinations of metal screw hook exports from Finland, with a combined 80% share of total exports. India, the Netherlands, Latvia, the United States, Russia and Belgium lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +82.7%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Estonia ($X) and the United States ($X) constituted the largest markets for metal screw hook exported from Finland worldwide, together accounting for 55% of total exports. India, the Netherlands, South Korea, Latvia, Russia and Belgium lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, India, with a CAGR of +101.7%, 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

The average metal screw hook export price stood at $X per ton in 2022, surging by 15% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 27% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($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 the United States (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Screw Hook Imports

Imports into Finland

In 2022, supplies from abroad of iron or steel screw hooks and screw rings increased by 13% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, metal screw hook imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Sweden (X tons), China (X tons) and Germany (X tons) were the main suppliers of metal screw hook imports to Finland, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +5.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal screw hook suppliers to Finland were China ($X), Sweden ($X) and Germany ($X), with a combined 90% share of total imports.

In terms of the main suppliers, China, with a CAGR of +7.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal screw hook import price stood at $X per ton in 2022, reducing by -4.2% against the previous year. In general, the import price continues to indicate a slight decline. The growth pace was the most rapid in 2019 when the average import price increased by 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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