Finland: Metal Hammer Market 2025

Metal Hammer Market Size in Finland

The Finnish metal hammer market dropped slightly to $X in 2022, with a decrease of -4.3% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then dropped slightly in the following year.

Metal Hammer Production in Finland

In value terms, metal hammer production declined slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 13%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Metal Hammer Exports

Exports from Finland

For the third consecutive year, Finland recorded growth in overseas shipments of hammers and sledge hammers with working part of metal, which increased by 7.3% to X tons in 2022. In general, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 47%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal hammer exports dropped slightly to $X in 2022. Over the period under review, exports enjoyed a moderate expansion. The pace of growth was the most pronounced in 2017 when exports increased by 157%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons), Denmark (X tons) and Sweden (X tons) were the main destinations of metal hammer exports from Finland, with a combined 64% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +258.0%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Estonia ($X) and Sweden ($X) constituted the largest markets for metal hammer exported from Finland worldwide, together comprising 55% of total exports. Canada, Lithuania, Norway, Latvia, Russia and the United Arab Emirates lagged somewhat behind, together comprising a further 35%.

Canada, with a CAGR of +191.0%, recorded the highest rates of growth with regard to 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 2022, the average metal hammer export price amounted to $X per ton, declining by -9.2% against the previous year. Over the period under review, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 106% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Latvia (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Hammer Imports

Imports into Finland

In 2022, metal hammer imports into Finland declined modestly to X tons, which is down by -3.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of X tons, and then fell slightly in the following year.

In value terms, metal hammer imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal hammer supplier to Finland, with a 70% share of total imports. Moreover, metal hammer imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.2% per year) and Germany (-1.9% per year).

In value terms, China ($X) constituted the largest supplier of hammers and sledge hammers with working part of metal to Finland, comprising 44% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total imports. It was followed by Germany, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.4% per year) and Germany (-3.4% per year).

Import Prices by Country

In 2022, the average metal hammer import price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 4.7% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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