Finland: Overview of the Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2021

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Finland

In 2020, the Finnish market for railway or tramway track construction material of iron or steel increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Finland

In value terms, production of railway or tramway track construction material of iron or steel declined to $X in 2020 estimated in export prices. In general, production saw a deep contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2010; however, from 2011 to 2020, production stood at a somewhat lower figure.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Finland

In 2020, exports of railway or tramway track construction material of iron or steel from Finland contracted significantly to X tonnes, dropping by -X% compared with the previous year. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel shrank significantly to $X in 2020. In general, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Poland (X tonnes), Russia (X tonnes) and Estonia (X tonnes) were the main destinations of exports of railway or tramway track construction material of iron or steel from Finland, together accounting for X% of total exports. India and China lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and India ($X) constituted the largest markets for iron and steel railway construction materials exported from Finland worldwide, together accounting for X% of total exports.

Among the main countries of destination, India (+X% per year) saw the highest rates of growth with regard to 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 export price for railway or tramway track construction material of iron or steel stood at $X per tonne in 2020, dropping by -X% against the previous year. In general, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Finland

In 2020, imports of railway or tramway track construction material of iron or steel into Finland skyrocketed to X tonnes, rising by X% compared with 2019. In general, imports, however, continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, imports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2020. Over the period under review, imports, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Spain (X tonnes) constituted the largest iron and steel railway construction materials supplier to Finland, with a X% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from Spain exceeded the figures recorded by the second-largest supplier, Poland (X tonnes), twofold. Luxembourg (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Luxembourg (+X% per year).

In value terms, Sweden ($X), Spain ($X) and Poland ($X) constituted the largest iron and steel railway construction materials suppliers to Finland, with a combined X% share of total imports.

In terms of the main suppliers, Poland saw 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

In 2020, the average import price for railway or tramway track construction material of iron or steel amounted to $X per tonne, shrinking by -X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2018 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Sweden ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway track construction material of iron or steel in the world?

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The country with the largest volume of consumption of railway or tramway track construction material of iron or steel was China (6M tonnes), comprising approx. 33% of total volume. Moreover, consumption of railway or tramway track construction material of iron or steel in China exceeded the figures recorded by the second-largest consumer, Russia (1.3M tonnes), fivefold. The third position in this ranking was occupied by the U.S. (1.2M tonnes), with a 6.8% share.

What are the largest producers of railway or tramway track construction material of iron or steel in the world?

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China (6.3M tonnes) constituted the country with the largest volume of production of railway or tramway track construction material of iron or steel, comprising approx. 34% of total volume. Moreover, production of railway or tramway track construction material of iron or steel in China exceeded the figures recorded by the second-largest producer, Russia (1.5M tonnes), fourfold. The third position in this ranking was occupied by the U.S. (1.3M tonnes), with a 6.7% share.

What are the leading suppliers of railway or tramway track construction material of iron or steel to Finland?

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In value terms, Sweden ($5.1M), Spain ($4.7M) and Poland ($4.2M) constituted the largest iron and steel railway construction materials suppliers to Finland, with a combined 61% share of total imports.

What are the leading importers of railway or tramway track construction material of iron or steel from Finland?

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In value terms, Russia ($183K), Poland ($116K) and India ($96K) were the largest markets for iron and steel railway construction materials exported from Finland worldwide, together accounting for 88% of total exports.

What is the average export price for railway or tramway track construction material of iron or steel in Finland?

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The average export price for railway or tramway track construction material of iron or steel stood at $1,990 per tonne in 2020, which is down by -35.7% against the previous year.

What is the average import price for railway or tramway track construction material of iron or steel in Finland?

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In 2020, the average import price for railway or tramway track construction material of iron or steel amounted to $1,134 per tonne, which is down by -12% against the previous year.