Finland: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Finland

In 2021, the Finnish ferro-cerium and pyrophoric alloys market was finally on the rise to reach $X after two years of decline. Overall, consumption posted a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Finland

In 2021, shipments abroad of ferro-cerium and pyrophoric alloys increased by 68% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 69% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys exports skyrocketed to $X in 2021. In general, exports posted buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 226%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Finland, with a 57% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Estonia exceeded the volume sent to the second major destination, Latvia (X tons), threefold. Sweden (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+28.4% per year) and Sweden (+8.2% per year).

In value terms, Estonia ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Finland, comprising 55% of total exports. The second position in the ranking was held by Sweden ($X), with a 21% share of total exports. It was followed by Latvia, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia amounted to +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+14.2% per year) and Latvia (+27.6% per year).

Export Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, dropping by -3.6% against the previous year. Overall, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ferro-cerium and pyrophoric alloys export price decreased by -30.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 93% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Germany ($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 Sweden (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Finland

In 2021, after two years of decline, there was significant growth in purchases abroad of ferro-cerium and pyrophoric alloys, when their volume increased by 76% to X tons. In general, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. Overall, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Finland, together comprising 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +113.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and Estonia ($X) constituted the largest ferro-cerium and pyrophoric alloys suppliers to Finland, with a combined 82% share of total imports.

The UK, with a CAGR of +106.1%, recorded the highest growth rate of the value of imports, in terms of 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 ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, reducing by -4% against the previous year. Overall, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+40.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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