Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Finland - 2024

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Finland (CIF) - 2024
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Finland (FOB) - 2024
Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Finland
Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Finland

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Finland (CIF) - 2024

The average import price for sanitary ware and parts thereof, of iron or steel stood at $352 per unit in February 2024, surging by 20% against the previous month. Over the period from April 2023 to February 2024, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in June 2023 an increase of 31% m-o-m. As a result, import price reached the peak level of $368 per unit. From July 2023 to February 2024, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In February 2024, the country with the highest price was Turkey ($432 per unit), while the price for China totaled $316 per unit.

From April 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Turkey (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Finland (FOB) - 2024

The average export price for sanitary ware and parts thereof, of iron or steel stood at $445 per unit in February 2024, approximately equating the previous month. Overall, the export price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in July 2023 an increase of 93% month-to-month. As a result, the export price attained the peak level of $820 per unit. From August 2023 to February 2024, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In February 2024, the country with the highest price was China ($566 per unit), while the average price for exports to the United Arab Emirates ($340 per unit) was amongst the lowest.

From April 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Finland

In 2022, purchases abroad of sanitary ware and parts thereof, of iron or steel was finally on the rise to reach 768K units after two years of decline. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of sanitary ware and parts thereof, of iron or steel surged to $17M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Sanitary Ware and Parts Thereof, of Iron or Steel in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	2.6	3.5	3.5	4.7	21.8%
China	3.3	2.8	2.6	2.7	-6.5%
Germany	2.0	2.3	1.5	1.9	-1.7%
Poland	0.5	0.5	1.4	1.7	50.4%
Turkey	0.4	0.7	1.1	1.0	35.7%
Netherlands	0.9	1.6	0.8	0.9	0.0%
Estonia	0.3	0.3	0.4	0.7	32.6%
Denmark	0.4	0.3	0.4	0.7	20.5%
Slovenia	0.4	0.2	0.5	0.6	14.5%
Others	2.4	1.6	1.6	1.8	-9.1%
Total	13.2	13.8	13.8	16.6	7.9%

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Finland in 2022:

Sweden (178.5K units)
China (131.2K units)
Poland (110.0K units)
Germany (93.2K units)
Turkey (49.6K units)
Netherlands (42.2K units)
Estonia (40.5K units)
Slovenia (35.0K units)
Denmark (20.6K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Finland

In 2022, approx. 306K units of sanitary ware and parts thereof, of iron or steel were exported from Finland; picking up by 2.1% compared with 2021. In general, exports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 3.2% against the previous year. The exports peaked at 332K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of sanitary ware and parts thereof, of iron or steel declined to $8.9M in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, the exports attained the peak of $9.9M, and then contracted in the following year.

Export of Sanitary Ware and Parts Thereof, of Iron or Steel in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	3,050	3,383	3,708	4,048	9.9%
Germany	1,010	1,169	1,378	1,681	18.5%
Norway	790	741	587	861	2.9%
Estonia	589	577	587	467	-7.4%
United States	145	86.5	521	306	28.3%
Poland	77.1	187	249	278	53.3%
Denmark	513	369	219	265	-19.8%
China	253	264	795	126	-20.7%
Others	1,571	1,414	1,843	856	-18.3%
Total	7,999	8,191	9,886	8,888	3.6%