Finland: Cold-Rolled Steel Products Market 2025

Cold-Rolled Steel Products Market Size in Finland

The Finnish cold-rolled steel products market declined markedly to $X in 2022, falling by -95.5% against the previous year. Overall, consumption showed a significant decline. The pace of growth appeared the most rapid in 2021 when the market value increased by 7.3% against the previous year. Cold-rolled steel products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cold-Rolled Steel Products Production in Finland

In value terms, cold-rolled steel products production reduced to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 8.7% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cold-Rolled Steel Products Exports

Exports from Finland

In 2022, shipments abroad of flat-rolled products of iron or steel (not further worked than cold-rolled) increased by 4,903% to X tons, rising for the third year in a row after three years of decline. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cold-rolled steel products exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons) was the main destination for cold-rolled steel products exports from Finland, accounting for a 55% share of total exports. Moreover, cold-rolled steel products exports to Denmark exceeded the volume sent to the second major destination, Lithuania (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark stood at +94.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+133.7% per year) and Poland (+72.2% per year).

In value terms, Denmark ($X) emerged as the key foreign market for flat-rolled products of iron or steel (not further worked than cold-rolled) exports from Finland, comprising 52% of total exports. The second position in the ranking was held by Lithuania ($X), with a 13% share of total exports. It was followed by Estonia, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark totaled +84.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+135.7% per year) and Estonia (+83.4% per year).

Export Prices by Country

In 2022, the average cold-rolled steel products export price amounted to $X per ton, reducing by -56.7% against the previous year. Over the period under review, the export price showed a abrupt contraction. The growth pace was the most rapid in 2021 an increase of 21%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 Lithuania (+0.9%), while the prices for the other major destinations experienced a decline.

Cold-Rolled Steel Products Imports

Imports into Finland

In 2022, cold-rolled steel products imports into Finland dropped slightly to X tons, which is down by -5% compared with the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 23% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cold-rolled steel products imports soared to $X in 2022. Overall, imports, however, posted a pronounced increase. The pace of growth was the most pronounced in 2021 with an increase of 55%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of cold-rolled steel products imports to Finland, together accounting for 48% of total imports. Belgium, South Korea, South Africa, Spain, France, Italy, Turkey, Taiwan (Chinese), Poland and Latvia lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +37.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cold-rolled steel products suppliers to Finland were Sweden ($X), Germany ($X) and Belgium ($X), with a combined 53% share of total imports. South Africa, Spain, France, the Netherlands, Italy, South Korea, Taiwan (Chinese), Poland, Turkey and Latvia lagged somewhat behind, together comprising a further 37%.

Among the main suppliers, Turkey, with a CAGR of +49.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cold-rolled steel products import price stood at $X per ton in 2022, rising by 26% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cold-rolled steel products import price increased by +62.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 32%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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