Finland: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in Finland

In 2022, the Finnish metal castor mounting market increased by 12% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Metal castor mounting consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Castor Mounting Production in Finland

In value terms, metal castor mounting production rose slightly to $X in 2022 estimated in export price. Overall, production recorded a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 1,458%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the near future.

Metal Castor Mounting Exports

Exports from Finland

In 2022, metal castor mounting exports from Finland soared to X tons, rising by 40% on 2021 figures. Overall, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal castor mounting exports fell to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +65.9% against 2012 indices. The pace of growth was the most pronounced in 2019 with an increase of 16%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Estonia (X tons), the Czech Republic (X tons) and Germany (X tons) were the main destinations of metal castor mounting exports from Finland, together comprising 67% of total exports. The United States, Norway, the Netherlands, China, Sweden, the UK, Denmark, Belgium and Russia lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +60.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), the Czech Republic ($X) and Germany ($X) were the largest markets for metal castor mounting exported from Finland worldwide, with a combined 44% share of total exports. The United States, the Netherlands, China, Norway, the UK, Belgium, Russia, Denmark and Sweden lagged somewhat behind, together accounting for a further 39%.

The United States, with a CAGR of +40.6%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the average metal castor mounting export price amounted to $X per ton, reducing by -28.8% against the previous year. Overall, the export price showed a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of 29%. As a result, the export price attained the peak level of $X per ton, and then declined dramatically in the following year.

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 Russia ($X per ton), while the average price for exports to the Czech Republic ($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 China (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports into Finland

In 2022, overseas purchases of castors with mountings of base metal increased by 20% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a perceptible shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal castor mounting imports rose sharply to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Sweden (X tons) and Latvia (X tons) were the main suppliers of metal castor mounting imports to Finland, with a combined 65% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +1,956.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and China ($X) constituted the largest metal castor mounting suppliers to Finland, together comprising 64% of total imports. Italy, the UK, Latvia, Taiwan (Chinese) and Poland lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Latvia, with a CAGR of +669.1%, recorded the highest rates of growth with regard to the value of imports, 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 metal castor mounting import price amounted to $X per ton, shrinking by -6.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced 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 Germany ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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