Price for Chain and Parts Thereof, of Iron or Steel in Finland - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Finland (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Finland (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Finland
- Exports of Chain and Parts Thereof, of Iron or Steel in Finland
Price for Chain and Parts Thereof, of Iron or Steel in Finland (CIF) - 2022
The average import price for chain and parts thereof, of iron or steel stood at $5,298 per ton in 2022, dropping by -4.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 516%. As a result, import price reached the peak level of $29,044 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($16,207 per ton), while the price for China ($3,121 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Finland (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $6,904 per ton in 2022, surging by 8.7% against the previous year. Overall, the export price posted a tangible expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 576% against the previous year. As a result, the export price reached the peak level of $36,107 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($9,718 per ton), while the average price for exports to Canada ($4,531 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 (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Finland
In 2022, imports of chain and parts thereof, of iron or steel into Finland surged to 7.8K tons, jumping by 55% against the year before. In general, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel surged to $41M in 2022. Over the period under review, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 5.1 | 6.7 | 12.2 | 16.1% |
| Germany | 6.5 | 6.0 | 7.0 | 7.7 | 5.8% |
| Czech Republic | 0.8 | 0.7 | 2.7 | 5.2 | 86.6% |
| Netherlands | 1.2 | 2.3 | 3.2 | 3.7 | 45.5% |
| Turkey | 0.2 | N/A | 0.1 | 2.5 | 132.1% |
| Sweden | 1.2 | 2.2 | 1.9 | 1.7 | 12.3% |
| Italy | 0.6 | 0.5 | 0.7 | 1.0 | 18.6% |
| India | 0.4 | 0.3 | 0.3 | 0.8 | 26.0% |
| Austria | 0.3 | 0.5 | 0.6 | 0.7 | 32.6% |
| Others | 6.0 | 3.5 | 4.7 | 5.7 | -1.7% |
| Total | 24.9 | 21.1 | 27.9 | 41.2 | 18.3% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Finland in 2022:
- China (3917.7 tons)
- Czech Republic (1391.4 tons)
- Germany (582.2 tons)
- Netherlands (365.7 tons)
- Turkey (242.9 tons)
- India (225.7 tons)
- Italy (182.0 tons)
- Sweden (176.4 tons)
- Austria (119.2 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Finland
In 2022, approx. 5.2K tons of chain and parts thereof, of iron or steel were exported from Finland; which is down by -7.7% compared with 2021 figures. Over the period under review, exports saw a slight reduction. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, the exports reached the peak of 5.6K tons, and then contracted in the following year.
In value terms, exports of chain and parts thereof, of iron or steel stood at $36M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 30%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Chain and Parts Thereof, of Iron or Steel in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 6.8 | 7.1 | 8.4 | 10.0 | 13.7% |
| Estonia | 1.8 | 1.8 | 2.5 | 3.2 | 21.1% |
| Germany | 2.2 | 2.9 | 3.1 | 3.0 | 10.9% |
| Austria | 2.8 | 1.8 | 2.4 | 2.3 | -6.3% |
| Chile | 1.2 | 0.5 | 1.4 | 2.2 | 22.4% |
| United States | 2.5 | 1.2 | 1.2 | 1.9 | -8.7% |
| Canada | 0.4 | 0.9 | 0.8 | 1.7 | 62.0% |
| Norway | 1.8 | 1.1 | 1.2 | 1.7 | -1.9% |
| Russia | 3.4 | 2.8 | 4.8 | 1.5 | -23.9% |
| United Kingdom | 0.8 | 0.7 | 1.1 | 1.0 | 7.7% |
| Latvia | 0.9 | 0.6 | 1.0 | 0.8 | -3.9% |
| Indonesia | 0.9 | 0.3 | 0.8 | 0.1 | -51.9% |
| Others | 5.0 | 6.0 | 7.0 | 6.5 | 9.1% |
| Total | 30.6 | 27.6 | 35.7 | 35.9 | 5.5% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Finland in 2022:
- Sweden (1593.5 tons)
- Estonia (468.0 tons)
- Canada (376.4 tons)
- United States (342.1 tons)
- Austria (327.4 tons)
- Germany (306.1 tons)
- Norway (291.8 tons)
- Russia (240.9 tons)
- Chile (239.0 tons)
- Latvia (146.0 tons)
- United Kingdom (131.4 tons)
- Indonesia (22.5 tons)
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