Finland: Copper Wire Market 2024

Copper Wire Market Size in Finland

The Finnish copper wire market soared to $X in 2021, surging by 39% against the previous year. Overall, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.0% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Copper Wire Production in Finland

In value terms, copper wire production amounted to $X in 2021 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 88% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Copper Wire Exports

Exports from Finland

Copper wire exports from Finland rose markedly to X tons in 2021, picking up by 11% against the year before. In general, exports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 17% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper wire exports surged to $X in 2021. Overall, exports, however, continue to indicate a mild downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons), the United States (X tons) and Norway (X tons) were the main destinations of copper wire exports from Finland, with a combined 71% share of total exports. China, Brazil, Poland, Germany and Italy lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +76.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and the UK ($X) appeared to be the largest markets for copper wire exported from Finland worldwide, together comprising 73% of total exports. Norway, Germany, Brazil, Poland and Italy lagged somewhat behind, together accounting for a further 22%.

In terms of the main countries of destination, Germany, with a CAGR of +88.5%, 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 2021, the average copper wire export price amounted to $X per ton, with an increase of 9.4% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper wire export price increased by +36.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Brazil ($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 (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports

Imports into Finland

In 2021, the amount of copper wire imported into Finland amounted to X tons, growing by 4.9% on 2020 figures. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 39%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, copper wire imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Sweden (X tons) and Italy (X tons) were the main suppliers of copper wire imports to Finland, together comprising 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +55.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Italy ($X) appeared to be the largest copper wire suppliers to Finland, with a combined 92% share of total imports.

Italy, with a CAGR of +56.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average copper wire import price stood at $X per ton in 2021, growing by 48% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably 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 Germany ($X per ton) and Russia ($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 (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform