Finland: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Finland

In 2022, the Finnish market for copper bars, rods and profiles increased by 16% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Copper bar, rod and profile consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Copper Bars, Rods and Profiles in Finland

In value terms, copper bar, rod and profile production surged to $X in 2022 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +79.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Copper Bars, Rods and Profiles

Exports from Finland

In 2022, approx. X tons of copper bars, rods and profiles were exported from Finland; therefore, remained relatively stable against 2021 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 21% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper bar, rod and profile exports expanded remarkably to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of copper bar, rod and profile exports from Finland, with a combined 55% share of total exports. Italy, Denmark, Norway, the UK, Estonia and Russia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +35.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Sweden ($X) and Germany ($X) were the largest markets for copper bar, rod and profile exported from Finland worldwide, together comprising 54% of total exports. Italy, Denmark, Norway, Estonia, the UK and Russia lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Italy, with a CAGR of +30.0%, recorded the highest growth rate of the value of exports, 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 export price for copper bars, rods and profiles amounted to $X per ton, picking up by 9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 an increase of 38%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Estonia ($X per ton) and Russia ($X per ton), while the average price for exports to Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Finland

In 2022, purchases abroad of copper bars, rods and profiles increased by 4.3% to X tons, rising for the third consecutive year after three years of decline. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 20%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, copper bar, rod and profile imports expanded remarkably to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of copper bar, rod and profile to Finland, accounting for a 41% share of total imports. Moreover, copper bar, rod and profile imports from Sweden exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+42.4% per year) and Germany (-6.8% per year).

In value terms, the largest copper bar, rod and profile suppliers to Finland were Germany ($X), Turkey ($X) and Sweden ($X), together accounting for 60% of total imports. Belgium, France, Spain and Poland lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Belgium, with a CAGR of +223.2%, saw 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

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, picking up by 3.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 38% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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