Finland: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Finland

In 2021, after two years of decline, there was significant growth in the Finnish silicon-electrical steel flat-rolled product market, when its value increased by 8.9% to $X. Overall, consumption, however, saw a abrupt decrease. Silicon-electrical steel flat-rolled product consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Finland

In value terms, silicon-electrical steel flat-rolled product production surged to $X in 2021 estimated in export price. In general, production continues to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 1,965% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Finland

In 2021, shipments abroad of flat-rolled products of silicon-electrical steel increased by 38% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 60%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports skyrocketed to $X in 2021. Overall, exports showed a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 75% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Finland, accounting for a 68% share of total exports. Moreover, silicon-electrical steel flat-rolled product exports to Estonia exceeded the volume sent to the second major destination, Turkey (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Estonia stood at +44.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+2.7% per year) and the Netherlands (+85.5% per year).

In value terms, Estonia ($X), Turkey ($X) and the Netherlands ($X) constituted the largest markets for silicon-electrical steel flat-rolled product exported from Finland worldwide, with a combined 76% share of total exports. Sweden, Poland, the United Arab Emirates and Italy lagged somewhat behind, together comprising a further 15%.

The United Arab Emirates, with a CAGR of +170.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 silicon-electrical steel flat-rolled product export price amounted to $X per ton, rising by 3% against the previous year. In general, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 9.6% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Estonia ($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 the Netherlands (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Finland

In 2021, the amount of flat-rolled products of silicon-electrical steel imported into Finland dropped sharply to X tons, with a decrease of -15.3% against the previous year. In general, imports showed a significant decrease. The pace of growth appeared the most rapid in 2015 with an increase of 1,697% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports fell to $X in 2021. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 1,339%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of silicon-electrical steel flat-rolled product to Finland, accounting for a 73% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fivefold. Poland (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-24.2% per year) and Poland (+40.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to Finland, comprising 80% of total imports. The second position in the ranking was held by Sweden ($X), with an 8% share of total imports. It was followed by Poland, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-24.4% per year) and Poland (+33.1% per year).

Import Prices by Country

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2021, picking up by 16% against the previous year. In general, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 147%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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