Finland: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Finland

The Finnish market for copper bars, wire and plates soared to $X in 2021, picking up by 44% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Copper Bars, Wire And Plates in Finland

In value terms, copper bars, wire and plates production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Copper Bars, Wire And Plates

Exports from Finland

In 2021, overseas shipments of copper bars, wire and plates increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. Overall, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and France (X tons) were the main destinations of copper bars, wire and plates exports from Finland, together comprising 46% of total exports. These countries were followed by Italy, Sweden, the UK, Spain, the Netherlands, Norway, Estonia, Slovakia, China and Denmark, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +36.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bars, wire and plates exported from Finland were Germany ($X), the United States ($X) and France ($X), with a combined 45% share of total exports. These countries were followed by Sweden, Italy, the UK, China, Spain, the Netherlands, Norway, Estonia, Slovakia and Denmark, which together accounted for a further 42%.

Spain, with a CAGR of +25.9%, 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

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, picking up by 34% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Finland

In 2021, approx. X tons of copper bars, wire and plates were imported into Finland; with an increase of 8.6% against 2020 figures. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 23% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, copper bars, wire and plates imports surged to $X in 2021. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of copper bars, wire and plates to Finland, with a 46% share of total imports. Moreover, copper bars, wire and plates imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 21% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-1.0% per year) and Italy (+36.6% per year).

In value terms, Germany ($X) constituted the largest supplier of copper bars, wire and plates to Finland, comprising 47% of total imports. The second position in the ranking was held by Italy ($X), with a 21% share of total imports. It was followed by Sweden, with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+38.5% per year) and Sweden (+0.3% per year).

Import Prices by Country

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, with an increase of 47% against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Italy ($X per ton), while the price for Turkey ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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