Finland: Copper Foil Market 2024

Copper Foil Market Size in Finland

The Finnish copper foil market rose markedly to $X in 2022, increasing by 9.5% against the previous year. Overall, consumption, however, saw a buoyant expansion. Copper foil consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Copper Foil Production in Finland

In value terms, copper foil production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. Copper foil production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Copper Foil Exports

Exports from Finland

In 2022, approx. X tons of copper foil were exported from Finland; which is down by -33.3% on 2021. Overall, exports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 383%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, copper foil exports contracted remarkably to $X in 2022. In general, exports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 158% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for copper foil exports from Finland, accounting for a 65% share of total exports. Moreover, copper foil exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was taken by the Netherlands (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+153.9% per year) and the Netherlands (+12.2% per year).

In value terms, Germany ($X) emerged as the key foreign market for copper foil exports from Finland, comprising 42% of total exports. The second position in the ranking was taken by Russia ($X), with an 8% share of total exports. It was followed by the United States, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-19.6% per year) and the United States (+170.2% per year).

Export Prices by Country

In 2022, the average copper foil export price amounted to $X per ton, picking up by 2.1% against the previous year. Overall, the export price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of 40% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the United States ($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 Spain (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Foil Imports

Imports into Finland

In 2022, approx. X tons of copper foil were imported into Finland; waning by -6.3% on the year before. Overall, imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2014 when imports increased by 152%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, copper foil imports rose significantly to $X in 2022. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 95% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of copper foil to Finland, with a 60% share of total imports. Moreover, copper foil imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Sweden (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.7% per year) and Sweden (+3.8% per year).

In value terms, Italy ($X) constituted the largest supplier of copper foil to Finland, comprising 39% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+29.4% per year) and Germany (-3.4% per year).

Import Prices by Country

The average copper foil import price stood at $X per ton in 2022, increasing by 14% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper foil import price increased by +58.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39% 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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform