Finland: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Finland

The Finnish metal hot-worked helical spring market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption saw a noticeable reduction. Metal hot-worked helical spring consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Iron or Steel Hot-Worked Helical Springs in Finland

In value terms, metal hot-worked helical spring production soared to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a measured increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Finland

In 2021, overseas shipments of iron or steel hot-worked helical springs were finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 29%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring exports expanded significantly to $X in 2021. Overall, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +84.0% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for metal hot-worked helical spring exports from Finland, accounting for a 49% share of total exports. Moreover, metal hot-worked helical spring exports to Sweden exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Estonia (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.9% per year) and Estonia (+11.1% per year).

In value terms, the largest markets for metal hot-worked helical spring exported from Finland were Sweden ($X), China ($X) and Estonia ($X), with a combined 64% share of total exports. These countries were followed by Poland, the Netherlands, Germany, India, the Czech Republic and Belgium, which together accounted for a further 17%.

India, with a CAGR of +16.4%, recorded the highest growth rate of the value of exports, in terms of 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

The average metal hot-worked helical spring export price stood at $X per ton in 2021, surging by 3.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2018 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Finland

In 2021, purchases abroad of iron or steel hot-worked helical springs decreased by -7.4% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2017 when imports increased by 25%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, metal hot-worked helical spring imports surged to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 26% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest metal hot-worked helical spring supplier to Finland, with a 48% share of total imports. Moreover, metal hot-worked helical spring imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-0.3% per year) and Sweden (-5.9% per year).

In value terms, Germany ($X), Sweden ($X) and Denmark ($X) appeared to be the largest metal hot-worked helical spring suppliers to Finland, together comprising 69% of total imports. Italy, Canada, Poland and France lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Poland, with a CAGR of +98.7%, 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 hot-worked helical spring import price amounted to $X per ton, picking up by 26% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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