Stainless Steel Wire Price in Finland - 2023
Contents:
- Stainless Steel Wire Price in Finland (CIF) - 2023
- Stainless Steel Wire Price in Finland (FOB) - 2022
- Stainless Steel Wire Imports in Finland
- Stainless Steel Wire Exports in Finland
Stainless Steel Wire Price in Finland (CIF) - 2023
In September 2023, the average stainless steel wire import price amounted to $5,236 per ton, shrinking by -27.1% against the previous month. In general, the import price saw a pronounced curtailment. The pace of growth appeared the most rapid in February 2023 an increase of 149% m-o-m. As a result, import price attained the peak level of $17,136 per ton. From March 2023 to September 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).
From September 2022 to September 2023, the rate of growth in terms of prices for Sweden amounted to +9.1% per month.
Stainless Steel Wire Price in Finland (FOB) - 2022
The average stainless steel wire export price stood at $15,211 per ton in 2022, surging by 6.1% against the previous year. Overall, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 80%. Over the period under review, the average export prices reached the peak figure at $18,037 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($28,072 per ton), while the average price for exports to Belarus ($6,245 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 Lithuania (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Finland
In 2022, the amount of stainless steel wire imported into Finland expanded significantly to 1.1K tons, growing by 11% on the previous year. In general, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 23%.
In value terms, stainless steel wire imports soared to $11M in 2022. The total import value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Stainless Steel Wire in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,868 | 2,079 | 3,573 | 3,553 | 23.9% |
| Sweden | 901 | 1,435 | 1,326 | 1,906 | 28.4% |
| Czech Republic | 1,327 | 1,178 | 934 | 1,086 | -6.5% |
| Taiwan (Chinese) | 387 | 596 | 468 | 973 | 36.0% |
| India | 1,839 | 251 | 403 | 973 | -19.1% |
| Italy | 38.2 | 50.2 | 434 | 788 | 174.3% |
| France | 796 | 583 | 838 | 733 | -2.7% |
| Switzerland | 415 | 303 | 364 | 190 | -22.9% |
| South Korea | 478 | N/A | 1.4 | N/A | -94.6% |
| Indonesia | 195 | 176 | 207 | N/A | 3.0% |
| Others | 626 | 551 | 362 | 400 | -13.9% |
| Total | 8,871 | 7,203 | 8,910 | 10,603 | 6.1% |
Top Suppliers of Stainless Steel Wire to Finland in 2022:
- South Korea (undefined tons)
- Germany (323.8 tons)
- India (216.5 tons)
- Sweden (169.1 tons)
- Italy (125.9 tons)
- Czech Republic (85.2 tons)
- Taiwan (Chinese) (64.2 tons)
- France (51.0 tons)
- Switzerland (18.8 tons)
Stainless Steel Wire Exports in Finland
In 2022, after three years of growth, there was significant decline in shipments abroad of stainless steel wire, when their volume decreased by -39.4% to 14 tons. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. As a result, the exports reached the peak of 22 tons, and then fell rapidly in the following year.
In value terms, stainless steel wire exports contracted rapidly to $206K in 2022. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 79%. As a result, the exports reached the peak of $321K, and then declined significantly in the following year.
| Export of Stainless Steel Wire in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | N/A | 3.2 | N/A | 44.5 | 272.9% |
| Estonia | 20.8 | 22.6 | 37.4 | 33.8 | 17.6% |
| Sweden | 15.5 | 18.8 | 4.1 | 31.0 | 26.0% |
| Uruguay | 3.1 | 4.6 | 46.4 | 21.9 | 91.9% |
| Japan | 11.3 | 11.2 | 40.4 | 10.9 | -1.2% |
| Belarus | 5.2 | 2.2 | 2.9 | 9.9 | 23.9% |
| Canada | 20.3 | 18.9 | 47.6 | 9.6 | -22.1% |
| Russia | 10.4 | 5.5 | 17.8 | 4.5 | -24.4% |
| China | 19.2 | 24.0 | 10.4 | 2.0 | -52.9% |
| Peru | N/A | 24.6 | N/A | N/A | 0% |
| South Africa | N/A | 11.9 | 0.1 | N/A | -99.2% |
| Others | 45.0 | 31.2 | 113 | 37.8 | -5.6% |
| Total | 151 | 179 | 321 | 206 | 10.9% |
Top Export Markets for Stainless Steel Wire from Finland in 2022:
- South Africa (undefined tons)
- Egypt (4.4 tons)
- Sweden (2.2 tons)
- Estonia (2.0 tons)
- Belarus (1.6 tons)
- Uruguay (0.9 tons)
- Canada (0.7 tons)
- Japan (0.4 tons)
- Russia (0.3 tons)
- China (0.2 tons)
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