Finland: Base Metal Hook Market 2025

Base Metal Hook Market Size in Finland

For the fourth consecutive year, the Finnish base metal hook market recorded growth in sales value, which increased by 7.6% to $X in 2022. Overall, consumption saw mild growth. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Base Metal Hook Production in Finland

In value terms, base metal hook production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by 5.9%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Base Metal Hook Exports

Exports from Finland

In 2022, approx. X tons of base metal hooks, eyes and eyelets were exported from Finland; waning by -34.2% against the previous year. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 96%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, base metal hook exports declined sharply to $X in 2022. In general, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 126%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for base metal hook exports from Finland, accounting for a 52% share of total exports. Moreover, base metal hook exports to India exceeded the volume sent to the second major destination, Estonia (X kg), threefold. Russia (X kg) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-11.1% per year) and Russia (-8.5% per year).

In value terms, India ($X), Estonia ($X) and Russia ($X) appeared to be the largest markets for base metal hook exported from Finland worldwide, with a combined 72% share of total exports. Vietnam, China, Latvia and Hungary lagged somewhat behind, together accounting for a further 19%.

Vietnam, with a CAGR of +158.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal hook export price stood at $X per ton in 2022, reducing by -2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2013 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to India ($X 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 Vietnam (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hook Imports

Imports into Finland

In 2022, supplies from abroad of base metal hooks, eyes and eyelets decreased by -4.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a mild contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 47% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, base metal hook imports stood at $X in 2022. In general, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.5% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by 63% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest base metal hook supplier to Finland, with a 57% share of total imports. Moreover, base metal hook imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Austria (X tons), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.1% per year) and Austria (-3.1% per year).

In value terms, China ($X) constituted the largest supplier of base metal hooks, eyes and eyelets to Finland, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Austria, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.2% per year) and Austria (-2.4% per year).

Import Prices by Country

In 2022, the average base metal hook import price amounted to $X per ton, increasing by 9.7% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook import price increased by +15.9% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 30% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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