
Finland - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Pig Iron Market Overview 2020
Pig Iron Market Size in Finland
After three years of growth, the Finnish pig iron market decreased by -X% to $X in 2019. In general, consumption showed a deep reduction. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
Pig Iron Production in Finland
In value terms, pig iron production rose sharply to $X in 2019 estimated in export prices. In general, production showed a sharp contraction. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Pig iron production peaked at $X in 2008; however, from 2009 to 2019, production remained at a lower figure.
Pig Iron Exports
Exports from Finland
In 2019, overseas shipments of pig iron and spiegeleisen decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a precipitous setback. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.
In value terms, pig iron exports declined sharply to $X in 2019. In general, exports saw a precipitous setback. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.
Exports by Country
Estonia (X tonnes) was the main destination for pig iron exports from Finland, accounting for a approx. X% share of total exports.
From 2007 to 2019, the average annual rate of growth in terms of volume to Estonia totaled +X%.
In value terms, Estonia ($X) also remains the key foreign market for pig iron exports from Finland.
From 2007 to 2019, the average annual rate of growth in terms of value to Estonia totaled +X%.
Export Prices by Country
The average pig iron export price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2007 to 2019, the rate of growth in terms of prices for Estonia amounted to +X% per year.
Pig Iron Imports
Imports into Finland
In 2019, approx. X tonnes of pig iron and spiegeleisen were imported into Finland; falling by -X% compared with the previous year. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.
In value terms, pig iron imports dropped markedly to $X in 2019. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.
Imports by Country
In 2019, Russia (X tonnes) was the main pig iron supplier to Finland, accounting for a X% share of total imports. Moreover, pig iron imports from Russia exceeded the figures recorded by the second-largest supplier, Sweden (X tonnes), more than tenfold.
From 2007 to 2019, the average annual rate of growth in terms of volume from Russia amounted to -X%.
In value terms, Russia ($X) constituted the largest supplier of pig iron 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.
From 2007 to 2019, the average annual growth rate of value from Russia totaled -X%.
Import Prices by Country
In 2019, the average pig iron import price amounted to $X per tonne, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Russia ($X per tonne), while the price for Sweden stood at $X per tonne.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Russia.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for pig iron and spiegeleisen in the world?+
China (797M tonnes) constituted the country with the largest volume of pig iron consumption, accounting for 63% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India (76M tonnes), tenfold. The third position in this ranking was occupied by South Korea (54M tonnes), with a 4.3% share.
What are the largest producers of pig iron and spiegeleisen in the world?+
The country with the largest volume of pig iron production was China (797M tonnes), comprising approx. 63% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India (77M tonnes), tenfold. The third position in this ranking was occupied by South Korea (54M tonnes), with a 4.2% share.
What are the leading suppliers of pig iron and spiegeleisen to Finland?+
In value terms, Russia ($5.7M) constituted the largest supplier of pig iron to Finland, comprising 93% of total imports. The second position in the ranking was occupied by Sweden ($327K), with a 5.3% share of total imports.
What are the leading importers of pig iron and spiegeleisen from Finland?+
In value terms, Estonia ($46K) remains the key foreign market for pig iron exports from Finland.
What is the average export price for pig iron and spiegeleisen in Finland?+
The average pig iron export price stood at $571 per tonne in 2019, rising by 17% against the previous year.
What is the average import price for pig iron and spiegeleisen in Finland?+
The average pig iron import price stood at $422 per tonne in 2019, remaining stable against the previous year.
This report provides an in-depth analysis of the pig iron market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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