Finland: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2025

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Finland

In 2022, the Finnish metal liquid fuel appliances market increased by 250% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted measured growth. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in Finland

In value terms, metal liquid fuel appliances production shrank significantly to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 3,435%. Over the period under review, production hit record highs at $X in 2021, and then reduced notably in the following year.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports from Finland

For the third year in a row, Finland recorded growth in overseas shipments of iron or steel liquid fuel domestic appliances, which increased by 56% to X units in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 197% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal liquid fuel appliances exports skyrocketed to $X in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 388%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X units), Norway (X units) and Denmark (X units) were the main destinations of metal liquid fuel appliances exports from Finland, together accounting for 80% of total exports. Sweden, the UK, Germany and Estonia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +423.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal liquid fuel appliances exported from Finland were Norway ($X), the Netherlands ($X) and Sweden ($X), together accounting for 76% of total exports. Denmark, the UK, Germany and Estonia lagged somewhat behind, together comprising a further 22%.

Germany, with a CAGR of +382.7%, recorded the highest rates of growth with regard to 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 2022, the average metal liquid fuel appliances export price amounted to $X per unit, stabilizing at the previous year. Overall, the export price, however, showed a prominent increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 119% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports into Finland

In 2022, purchases abroad of iron or steel liquid fuel domestic appliances increased by 108% to X units, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 130% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, metal liquid fuel appliances imports soared to $X in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by 820% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), South Korea (X units) and Germany (X units) were the main suppliers of metal liquid fuel appliances imports to Finland, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +79.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of iron or steel liquid fuel domestic appliances to Finland, comprising 92% of total imports. The second position in the ranking was held by China ($X), with a 7.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to +118.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.5% per year) and Germany (+9.8% per year).

Import Prices by Country

In 2022, the average metal liquid fuel appliances import price amounted to $X per unit, surging by 14% against the previous year. Overall, the import price showed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 565% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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