Finland: Base Metal Keys Market 2025

Base Metal Keys Market Size in Finland

After six years of growth, the Finnish base metal keys market decreased by -97.2% to $X in 2022. Over the period under review, consumption, however, saw mild growth. Base metal keys consumption peaked at $X in 2021, and then reduced sharply in the following year.

Base Metal Keys Production in Finland

In value terms, base metal keys production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 24%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Base Metal Keys Exports

Exports from Finland

In 2022, overseas shipments of base metal keys decreased by -6.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.8% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, base metal keys exports reached $X in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 76% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons), the United States (X tons) and India (X tons) were the main destinations of base metal keys exports from Finland, with a combined 45% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +30.9%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for base metal keys exports from Finland, comprising 35% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by Denmark, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+26.5% per year) and Denmark (+32.7% per year).

Export Prices by Country

In 2022, the average base metal keys export price amounted to $X per ton, growing by 14% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 42% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

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 Germany ($X per ton), while the average price for exports to the United States ($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 Norway (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Keys Imports

Imports into Finland

In 2022, overseas purchases of base metal keys increased by 11% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a strong increase. The growth pace was the most rapid in 2016 with an increase of 71% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, base metal keys imports rose remarkably to $X in 2022. Over the period under review, imports recorded resilient growth. The growth pace was the most rapid in 2017 with an increase of 141% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) were the main suppliers of base metal keys imports to Finland, with a combined 79% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +89.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Malaysia ($X) and China ($X) appeared to be the largest base metal keys suppliers to Finland, together accounting for 80% of total imports.

Malaysia, with a CAGR of +92.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average base metal keys import price amounted to $X per ton, waning by -2.8% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 97%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined modestly in the following year.

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 Taiwan (Chinese) ($X per ton), while the price for Spain ($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) (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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