Finland: Stranded Wire Market 2024

Stranded Wire Market Size in Finland

In 2022, the Finnish stranded wire market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, the total consumption indicated a slight 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 2019 indices. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Stranded Wire Production in Finland

In value terms, stranded wire production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a deep slump. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Stranded Wire Exports

Exports from Finland

In 2022, approx. X tons of stranded wire, ropes and cables were exported from Finland; which is down by X% on 2021. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, stranded wire exports rose modestly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X tons), Sweden (X tons) and Estonia (X tons) were the main destinations of stranded wire exports from Finland, with a combined X% share of total exports. Pakistan, Poland, Germany, China, Denmark, France, Russia, the UK, the United States and Brazil lagged somewhat behind, together accounting for a further X%.

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

In value terms, Norway ($X) emerged as the key foreign market for stranded wire, ropes and cables exports from Finland, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Estonia (X% per year).

Export Prices by Country

The average stranded wire export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Pakistan ($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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Finland

In 2022, supplies from abroad of stranded wire, ropes and cables increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, stranded wire imports surged to $X in 2022. Overall, imports saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X tons), Vietnam (X tons) and Germany (X tons) were the main suppliers of stranded wire imports to Finland, with a combined X% share of total imports.

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

In value terms, the largest stranded wire suppliers to Finland were Germany ($X), Sweden ($X) and Vietnam ($X), with a combined X% share of total imports. Spain, Turkey, China, Luxembourg, India and Malaysia lagged somewhat behind, together accounting for a further X%.

Luxembourg, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 stranded wire import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. 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 Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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