Finland: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Finland

In 2021, the Finnish hot-rolled silico-manganese steel bar market decreased by -93.8% to $X, falling for the fifth consecutive year after five years of growth. In general, consumption showed a dramatic setback. Hot-rolled silico-manganese steel bar consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in Finland

In value terms, hot-rolled silico-manganese steel bar production declined remarkably to $X in 2021 estimated in export price. Overall, production saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 109%. Hot-rolled silico-manganese steel bar production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Finland

In 2021, overseas shipments of hot-rolled bars of silico-manganese steel decreased by -86.8% to X tons, falling for the second consecutive year after four years of growth. Overall, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2018 when exports increased by 77% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar exports shrank remarkably to $X in 2021. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 104%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from Finland, with a 65% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to France exceeded the volume sent to the second major destination, Germany (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to -23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+185.2% per year) and Estonia (-7.8% per year).

In value terms, France ($X) remains the key foreign market for hot-rolled bars of silico-manganese steel exports from Finland, comprising 65% of total exports. The second position in the ranking was taken by Germany ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France amounted to -22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+185.5% per year) and Estonia (-9.0% per year).

Export Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, increasing by 17% against the previous year. Overall, the export price recorded a modest expansion. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Germany ($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 France (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Finland

In 2021, purchases abroad of hot-rolled bars of silico-manganese steel was finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. In general, imports, however, showed a sharp curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 175%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by 137%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest hot-rolled silico-manganese steel bar supplier to Finland, accounting for a 70% share of total imports. Moreover, hot-rolled silico-manganese steel bar imports from Denmark exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Denmark amounted to -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-31.8% per year) and Germany (+11.1% per year).

In value terms, Denmark ($X), Sweden ($X) and Germany ($X) constituted the largest hot-rolled silico-manganese steel bar suppliers to Finland, with a combined 99.9% share of total imports.

Among the main suppliers, Germany, with a CAGR of +5.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar import price amounted to $X per ton, rising by 62% against the previous year. In general, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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