Finland: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Finland

The Finnish metal link chain parts market reduced sharply to $X in 2021, which is down by -34.1% against the previous year. Over the period under review, consumption saw a abrupt setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Finland

In value terms, metal link chain parts production reduced remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 199% against the previous year. As a result, production reached the peak level of $X, and then fell remarkably in the following year.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Finland

After three years of decline, shipments abroad of iron or steel parts of articulated link chain increased by 81% to X tons in 2021. In general, exports saw a pronounced expansion. The most prominent rate of growth was recorded in 2017 with an increase of 106% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal link chain parts exports skyrocketed to $X in 2021. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 102% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Sweden (X tons), Estonia (X tons) and Russia (X tons) were the main destinations of metal link chain parts exports from Finland, with a combined 54% share of total exports. These countries were followed by Ukraine, Germany, Austria and Chile, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +88.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal link chain parts exported from Finland were Estonia ($X), Sweden ($X) and Russia ($X), together comprising 59% of total exports. These countries were followed by Germany, Austria, Chile and Ukraine, which together accounted for a further 17%.

Ukraine, with a CAGR of +65.9%, 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

In 2021, the average metal link chain parts export price amounted to $X per ton, declining by -7% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% 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 parts export price decreased by -12.0% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 61% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Ukraine ($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 Estonia (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Finland

In 2021, after three years of decline, there was growth in purchases abroad of iron or steel parts of articulated link chain, when their volume increased by 3.1% to X tons. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal link chain parts imports rose rapidly to $X in 2021. Overall, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 35%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain parts to Finland, with a 83% share of total imports. Moreover, metal link chain parts imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.4% per year) and Italy (+27.0% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel parts of articulated link chain to Finland, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by France, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.1% per year) and France (-5.4% per year).

Import Prices by Country

In 2021, the average metal link chain parts import price amounted to $X per ton, picking up by 6.4% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain parts import price decreased by -8.9% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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