Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Finland - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Finland (CIF) - 2023
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Finland (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Finland
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Finland
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Finland (CIF) - 2023
In October 2023, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $9,710 per ton, jumping by 68% against the previous month. In general, import price indicated a noticeable expansion from October 2022 to October 2023: its price increased at an average monthly rate of +4.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for stainless steel bars and rods, angles, shapes and sectionses increased by +93.4% against August 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($55,476 per ton), while the price for India ($3,145 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Finland (FOB) - 2022
The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $6,941 per ton in 2022, picking up by 4.8% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel bars and rods, angles, shapes and sectionses increased by +74.9% against 2017 indices. The growth pace was the most rapid in 2021 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($29,000 per ton), while the average price for exports to Poland ($1,374 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 Israel (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Finland
In 2022, overseas purchases of stainless steel bars and rods, angles, shapes and sectionses were finally on the rise to reach 9.6K tons after two years of decline. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses soared to $58M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 7.3 | 11.0 | 12.8 | 17.1 | 32.8% |
| Italy | 11.1 | 5.0 | 6.4 | 11.4 | 0.9% |
| Germany | 4.8 | 5.1 | 6.9 | 9.2 | 24.2% |
| Denmark | 2.1 | 2.5 | 3.3 | 6.1 | 42.7% |
| Spain | 4.0 | 3.5 | 3.9 | 4.8 | 6.3% |
| Portugal | 1.8 | 1.3 | 1.2 | 2.6 | 13.0% |
| France | 0.5 | 0.7 | 1.0 | 0.9 | 21.6% |
| India | 1.1 | 0.3 | 0.6 | 0.3 | -35.2% |
| Latvia | 3.5 | 1.0 | 0.5 | 0.2 | -61.5% |
| Others | 3.2 | 3.8 | 4.6 | 5.8 | 21.9% |
| Total | 39.4 | 34.4 | 41.3 | 58.3 | 14.0% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Finland in 2022:
- Sweden (2603.7 tons)
- Italy (1992.0 tons)
- Germany (1702.7 tons)
- Denmark (989.9 tons)
- Spain (929.5 tons)
- Portugal (394.1 tons)
- France (171.8 tons)
- India (74.6 tons)
- Latvia (55.6 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Finland
In 2022, approx. 724 tons of stainless steel bars and rods, angles, shapes and sectionses were exported from Finland; waning by -17.9% compared with the previous year. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 40%. As a result, the exports reached the peak of 882 tons, and then fell rapidly in the following year.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses shrank to $5M in 2022. Overall, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 121%. As a result, the exports reached the peak of $5.8M, and then reduced in the following year.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 5.4 | 3.7 | 3,300 | 2,021 | 620.6% |
| Estonia | 405 | 613 | 680 | 1,354 | 49.5% |
| Sweden | 418 | 355 | 567 | 490 | 5.4% |
| Germany | 254 | 325 | 190 | 214 | -5.6% |
| Poland | 347 | 274 | 224 | 207 | -15.8% |
| France | 27.3 | 21.1 | 65.4 | 152 | 77.2% |
| Netherlands | 88.4 | 152 | 149 | 37.7 | -24.7% |
| Ireland | 548 | 529 | 172 | 25.4 | -64.1% |
| Norway | 362 | 20.4 | 21.3 | 1.0 | -86.0% |
| Others | 609 | 351 | 474 | 525 | -4.8% |
| Total | 3,065 | 2,645 | 5,842 | 5,027 | 17.9% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Finland in 2022:
- Estonia (231.5 tons)
- Poland (150.7 tons)
- Uruguay (149.0 tons)
- Germany (48.3 tons)
- Sweden (39.3 tons)
- Netherlands (25.9 tons)
- France (20.4 tons)
- Ireland (13.7 tons)
- Norway (0.1 tons)
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