Finland: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in Finland

The Finnish flat-rolled steel products market shrank sharply to $X in 2021, with a decrease of -44.4% against the previous year. In general, consumption recorded a sharp slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Flat-Rolled Steel Products Production in Finland

In value terms, flat-rolled steel products production shrank remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 205% against the previous year. Flat-rolled steel products production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Flat-Rolled Steel Products Exports

Exports from Finland

In 2021, the amount of flat-rolled products of iron or non-alloy steel exported from Finland soared to X tons, rising by 318% on the previous year's figure. In general, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 550%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, flat-rolled steel products exports surged to $X in 2021. Over the period under review, exports saw a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 500% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for flat-rolled steel products exports from Finland, accounting for a 70% share of total exports. Moreover, flat-rolled steel products exports to Sweden exceeded the volume sent to the second major destination, Poland (X tons), threefold. Estonia (X tons) ranked third in terms of total exports with a 1.1% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+10.4% per year) and Estonia (-30.8% per year).

In value terms, Poland ($X) remains the key foreign market for flat-rolled products of iron or non-alloy steel exports from Finland, comprising 70% of total exports. The second position in the ranking was held by Sweden ($X), with a 15% share of total exports. It was followed by Estonia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Poland amounted to +73.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+40.2% per year) and Estonia (+0.7% per year).

Export Prices by Country

The average flat-rolled steel products export price stood at $X per ton in 2021, which is down by -62.9% against the previous year. Over the period under review, the export price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 848% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Sweden ($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 Russia (+93.3%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into Finland

In 2021, overseas purchases of flat-rolled products of iron or non-alloy steel increased by 51% to X tons, rising for the second year in a row after six years of decline. In general, imports, however, showed a abrupt descent. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, flat-rolled steel products imports surged to $X in 2021. Overall, imports, however, showed a deep setback. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of flat-rolled steel products to Finland, accounting for a 76% share of total imports. Moreover, flat-rolled steel products imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.9% per year) and Taiwan (Chinese) (-24.6% per year).

In value terms, China ($X) constituted the largest supplier of flat-rolled products of iron or non-alloy steel to Finland, comprising 73% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.6% per year) and Taiwan (Chinese) (-20.9% per year).

Import Prices by Country

In 2021, the average flat-rolled steel products import price amounted to $X per ton, picking up by 63% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.9% 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 country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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