Price for Steel, Stainless; Angles, Shapes and Sections in Finland - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Finland (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Finland (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Finland
- Exports of Steel, Stainless; Angles, Shapes and Sections in Finland
Price for Steel, Stainless; Angles, Shapes and Sections in Finland (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $6,948 per ton, surging by 19% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 45% against the previous year. Over the period under review, average import prices reached the maximum 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 Spain ($16,457 per ton), while the price for India ($3,783 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Finland (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $5,429 per ton, increasing by 22% against the previous year. Over the period under review, the export price recorded a modest expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum at $8,436 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
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 Sweden ($8,859 per ton), while the average price for exports to Uruguay ($5,078 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 Ireland (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Finland
In 2022, imports of steel, stainless into Finland totaled 1.2K tons, surging by 10% against 2021. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 29%. As a result, imports reached the peak of 1.5K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of steel, stainless soared to $8.4M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.0% 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 +77.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Angles, Shapes and Sections in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 863 | 832 | 790 | 2,411 | 40.8% |
| Sweden | 717 | 1,618 | 1,607 | 1,786 | 35.6% |
| Germany | 838 | 1,002 | 1,392 | 1,493 | 21.2% |
| Switzerland | 496 | 635 | 981 | 1,129 | 31.5% |
| Denmark | 578 | 525 | 299 | 456 | -7.6% |
| Estonia | 289 | 806 | 299 | 293 | 0.5% |
| Netherlands | 85.3 | 124 | 225 | 271 | 47.0% |
| India | 481 | 225 | 450 | 162 | -30.4% |
| Others | 399 | 149 | 377 | 402 | 0.3% |
| Total | 4,746 | 5,918 | 6,420 | 8,402 | 21.0% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Finland in 2022:
- Italy (325.1 tons)
- Sweden (314.3 tons)
- Germany (186.0 tons)
- Denmark (95.2 tons)
- Switzerland (88.9 tons)
- Netherlands (61.8 tons)
- Estonia (57.0 tons)
- India (42.8 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Finland
In 2022, approx. 506 tons of steel, stainless were exported from Finland; which is down by -44.1% compared with the year before. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 283% against the previous year. As a result, the exports reached the peak of 905 tons, and then contracted significantly in the following year.
In value terms, exports of steel, stainless fell remarkably to $2.7M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 348% against the previous year. As a result, the exports attained the peak of $4M, and then contracted notably in the following year.
| Export of Steel, Stainless; Angles, Shapes and Sections in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 0.2 | N/A | 3,277 | 2,005 | 2056.2% |
| Estonia | 98.6 | 172 | 129 | 191 | 24.7% |
| Poland | 52.6 | 44.7 | 80.7 | 173 | 48.7% |
| Sweden | 38.1 | 50.0 | 103 | 138 | 53.6% |
| France | 0.1 | N/A | 15.6 | 118 | 956.7% |
| Ireland | 532 | 529 | 172 | 25.0 | -63.9% |
| Norway | 333 | 20.4 | 17.8 | 1.0 | -85.6% |
| Others | 194 | 82.7 | 224 | 93.2 | -21.7% |
| Total | 1,248 | 898 | 4,019 | 2,744 | 30.0% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Finland in 2022:
- Uruguay (394.8 tons)
- Estonia (35.0 tons)
- Poland (30.6 tons)
- France (18.5 tons)
- Sweden (15.5 tons)
- Ireland (3.9 tons)
- Norway (0.1 tons)
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