Finland: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Finland

For the fourth consecutive year, the Finnish threaded metal articles market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Threaded Metal Articles Production in Finland

In value terms, threaded metal articles production rose to $X in 2022 estimated in export price. Over the period under review, production, however, showed buoyant growth. The growth pace was the most rapid in 2017 with an increase of X%. Threaded metal articles production peaked in 2022 and is expected to retain growth in the immediate term.

Threaded Metal Articles Exports

Exports from Finland

In 2022, the amount of threaded articles of iron or steel exported from Finland declined remarkably to X tons, shrinking by X% compared with the year before. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank markedly in the following year.

In value terms, threaded metal articles exports fell rapidly to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Germany (X tons), Russia (X tons) and Sweden (X tons) were the main destinations of threaded metal articles exports from Finland, together accounting for X% of total exports.

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

In value terms, Germany ($X) remains the key foreign market for threaded articles of iron or steel exports from Finland, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

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

Export Prices by Country

The average threaded metal articles export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

Threaded Metal Articles Imports

Imports into Finland

In 2022, approx. X tons of threaded articles of iron or steel were imported into Finland; reducing by X% on the previous year. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, threaded metal articles imports expanded markedly to $X in 2022. Over the period under review, total imports indicated a measured expansion 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of threaded metal articles imports to Finland, with a combined X% share of total imports. Denmark, Estonia, India, Austria, Sweden, France and Switzerland lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), China ($X) and Austria ($X) appeared to be the largest threaded metal articles suppliers to Finland, with a combined X% share of total imports. Denmark, Taiwan (Chinese), Estonia, Sweden, India, France and Switzerland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, 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 threaded metal articles import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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