Finland: Non-Alloy Steel I-Sections Market 2025

Non-Alloy Steel I-Sections Market Size in Finland

The Finnish non-alloy steel i-sections market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, continues to indicate a pronounced reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Alloy Steel I-Sections Exports

Exports from Finland

Non-alloy steel i-sections exports from Finland skyrocketed to X tons in 2021, growing by 761% compared with the previous year. Over the period under review, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-alloy steel i-sections exports surged to $X in 2021. In general, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by 614%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Estonia (X tons), Sweden (X tons) and Latvia (X tons) were the main destinations of non-alloy steel i-sections exports from Finland, with a combined 93% share of total exports. These countries were followed by Ukraine, Norway and Russia, which together accounted for a further 5.6%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +2,593.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-alloy steel i-sections exported from Finland were Estonia ($X), Sweden ($X) and Latvia ($X), together accounting for 88% of total exports. These countries were followed by Ukraine, Norway and Russia, which together accounted for a further 6.1%.

Among the main countries of destination, Ukraine, with a CAGR of +475.6%, recorded the highest rates of growth with regard to the value of exports, 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 non-alloy steel i-sections export price amounted to $X per ton, shrinking by -28% against the previous year. Overall, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-alloy steel i-sections export price increased by +68.4% against 2017 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 63% against the previous year. The export price peaked at $X per ton in 2020, and then declined notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($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 Russia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports into Finland

For the third consecutive year, Finland recorded growth in overseas purchases of i-sections of non-alloy steel, which increased by 5.1% to X tons in 2021. In general, imports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 9.4% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-alloy steel i-sections imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a perceptible downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Luxembourg (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of non-alloy steel i-sections imports to Finland, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +6.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Luxembourg ($X), Germany ($X) and Poland ($X) constituted the largest non-alloy steel i-sections suppliers to Finland, together accounting for 93% of total imports.

Among the main suppliers, Luxembourg, with a CAGR of +7.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-alloy steel i-sections import price stood at $X per ton in 2021, growing by 48% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. 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.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Estonia ($X per ton) and the Czech Republic ($X per ton), while the price for Poland ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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