Finland: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in Finland

The Finnish iron or steel can market plummeted to $X in 2021, dropping by -50.6% against the previous year. In general, consumption saw a abrupt decline. Iron or steel can consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Iron or Steel Cans in Finland

In value terms, iron or steel can production expanded remarkably to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +123.3% against 2016 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 48%. Over the period under review, production attained the maximum level in 2021 and is likely to continue growth in the near future.

Exports of Iron or Steel Cans

Exports from Finland

In 2021, approx. X units of iron or steel cans were exported from Finland; increasing by 4.6% compared with the previous year's figure. In general, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by 195%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, iron or steel can exports stood at $X in 2021. Overall, exports showed prominent growth. The growth pace was the most rapid in 2016 with an increase of 167%. The exports peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Estonia (X units), Poland (X units) and Lithuania (X units) were the main destinations of iron or steel can exports from Finland, together accounting for 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +97.1%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Poland ($X) and Lithuania ($X) constituted the largest markets for iron or steel can exported from Finland worldwide, with a combined 90% share of total exports.

Lithuania, with a CAGR of +86.9%, recorded the highest growth rate of the value of exports, among 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 2021, the average iron or steel can export price amounted to $X per unit, dropping by -3.4% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 22%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.0%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Cans

Imports into Finland

In 2021, iron or steel can imports into Finland shrank significantly to X units, with a decrease of -19.1% against the previous year's figure. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +18.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 46%. As a result, imports reached the peak of X units, and then fell remarkably in the following year.

In value terms, iron or steel can imports contracted modestly to $X in 2021. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.8% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 34%. Over the period under review, imports hit record highs at $X in 2020, and then reduced modestly in the following year.

Imports by Country

The Netherlands (X units), Estonia (X units) and Germany (X units) were the main suppliers of iron or steel can imports to Finland, with a combined 87% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +43.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel can suppliers to Finland were the Netherlands ($X), Estonia ($X) and Germany ($X), with a combined 82% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +23.1%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average iron or steel can import price amounted to $X per unit, picking up by 20% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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