Finland: Concrete Reinforcing Bar Market 2025

Concrete Reinforcing Bar Market Size in Finland

In 2022, the Finnish concrete reinforcing bar market increased by 17% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a buoyant increase. Concrete reinforcing bar consumption peaked in 2022 and is expected to retain growth in the immediate term.

Concrete Reinforcing Bar Production in Finland

In value terms, concrete reinforcing bar production contracted to $X in 2022 estimated in export price. Overall, production, however, saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. Over the period under review, production attained the peak level at $X in 2021, and then declined in the following year.

Concrete Reinforcing Bar Exports

Exports from Finland

In 2022, concrete reinforcing bar exports from Finland shrank markedly to X tons, which is down by -20.2% against 2021. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume 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, exports increased by +54.9% against 2012 indices. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, concrete reinforcing bar exports contracted to $X in 2022. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Sweden (X tons) was the main destination for concrete reinforcing bar exports from Finland, accounting for a 60% share of total exports. Moreover, concrete reinforcing bar exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), threefold. Estonia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+4.7% per year) and Estonia (+20.1% per year).

In value terms, Sweden ($X) remains the key foreign market for concrete reinforcing bars exports from Finland, comprising 61% of total exports. The second position in the ranking was held by Denmark ($X), with a 21% share of total exports. It was followed by Estonia, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+6.2% per year) and Estonia (+17.3% per year).

Export Prices by Country

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, picking up by 8.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 22% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Norway ($X per ton) and the United States ($X per ton), while the average price for exports to Estonia ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports into Finland

In 2022, purchases abroad of concrete reinforcing bars increased by 9% to X tons, rising for the second year in a row after three years of decline. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, concrete reinforcing bar imports skyrocketed to $X in 2022. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 136%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Spain (X tons), Norway (X tons) and Russia (X tons) were the main suppliers of concrete reinforcing bar imports to Finland, together comprising 80% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +89.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Spain ($X) and Russia ($X) constituted the largest concrete reinforcing bar suppliers to Finland, together accounting for 72% of total imports.

Spain, with a CAGR of +86.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete reinforcing bar import price stood at $X per ton in 2022, picking up by 7.6% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +59.1% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :