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Finland - Wire of Iron or Non-Alloy Steel (Stainless Steel or Other Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFinland: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022
Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Finland
In 2020, the Finnish iron and steel wire market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Iron and steel wire consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.
Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Finland
In value terms, iron and steel wire production reduced to $X in 2020 estimated in export prices. Over the period under review, production saw a deep downturn. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Iron and steel wire production peaked at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.
Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)
Exports from Finland
In 2020, overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the third consecutive year after four years of growth. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.
In value terms, iron and steel wire exports reduced remarkably to $X in 2020. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.
Exports by Country
Russia (X tons) was the main destination for iron and steel wire exports from Finland, with a X% share of total exports. Moreover, iron and steel wire exports to Russia exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Mexico (X tons) ranked third in terms of total exports with a X% share.
From 2007 to 2020, the average annual rate of growth in terms of volume to Russia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Mexico (-X% per year).
In value terms, Russia ($X) emerged as the key foreign market for iron and steel wire exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.
From 2007 to 2020, the average annual rate of growth in terms of value to Russia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-X% per year) and Sweden (-X% per year).
Export Prices by Country
The average iron and steel wire export price stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the export price, however, showed a modest increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, export price attained the peak level of $X per ton, and then dropped significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Estonia ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced a decline.
Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)
Imports into Finland
In 2020, overseas purchases of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.
In value terms, iron and steel wire imports contracted to $X in 2020. In general, imports, however, showed a mild reduction. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.
Imports by Country
In 2020, the Czech Republic (X tons) constituted the largest supplier of iron and steel wire to Finland, accounting for a X% share of total imports. Moreover, iron and steel wire imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. Slovakia (X tons) ranked third in terms of total imports with a X% share.
From 2007 to 2020, the average annual growth rate of volume from the Czech Republic amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-X% per year) and Slovakia (+X% per year).
In value terms, the Czech Republic ($X) constituted the largest supplier of iron and steel wire to Finland, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports. It was followed by Germany, with a X% share.
From 2007 to 2020, the average annual rate of growth in terms of value from the Czech Republic stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-X% per year) and Germany (-X% per year).
Import Prices by Country
In 2020, the average iron and steel wire import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for iron and steel wire in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
- Prodcom 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
- Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
- Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)
Country coverage:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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