Finland: Metal Link Chain Market 2024

Metal Link Chain Market Size in Finland

After two years of decline, the Finnish metal link chain market increased by 5.4% to $X in 2021. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -25.8% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Link Chain Production in Finland

In value terms, metal link chain production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 19%. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Metal Link Chain Exports

Exports from Finland

In 2021, approx. X tons of iron or steel articulated link chain were exported from Finland; picking up by 14% against the year before. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for metal link chain exports from Finland, accounting for a 30% share of total exports. Moreover, metal link chain exports to Sweden exceeded the volume sent to the second major destination, Russia (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+17.0% per year) and Austria (+1.0% per year).

In value terms, Sweden ($X) remains the key foreign market for iron or steel articulated link chain exports from Finland, comprising 28% of total exports. The second position in the ranking was taken by Russia ($X), with an 11% share of total exports. It was followed by Austria, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+17.3% per year) and Austria (+4.4% per year).

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2021, increasing by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Denmark ($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 Denmark (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Finland

After two years of decline, overseas purchases of iron or steel articulated link chain increased by 24% to X tons in 2021. Overall, imports saw a perceptible increase. The pace of growth appeared the most rapid in 2017 with an increase of 76% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, metal link chain imports surged to $X in 2021. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 42% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and France (X tons) were the main suppliers of metal link chain imports to Finland, together accounting for 75% of total imports. These countries were followed by Taiwan (Chinese), Sweden, Italy and Belgium, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +44.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Taiwan (Chinese) ($X) and China ($X) constituted the largest metal link chain suppliers to Finland, with a combined 66% share of total imports.

Among the main suppliers, China, with a CAGR of +51.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, rising by 6.3% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain import price increased by +103.8% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 43%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+63.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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