Finland: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Finland

In 2022, the Finnish steel plaited band market increased by 111% to $X, rising for the fifth consecutive year after three years of decline. Over the period under review, consumption recorded a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Steel Plaited Band Exports

Exports from Finland

In 2022, exports of iron or steel plaited bands and slings from Finland reduced slightly to X tons, which is down by -3.9% compared with the previous year. In general, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by 235%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, steel plaited band exports amounted to $X in 2022. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 201%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons), the United States (X tons) and China (X tons) were the main destinations of steel plaited band exports from Finland, with a combined 66% share of total exports. Chile, Estonia, the UK, Norway, Sweden, Latvia, Russia and Saudi Arabia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +216.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel plaited band exported from Finland were Brazil ($X), the United States ($X) and Norway ($X), together comprising 42% of total exports. Chile, China, Estonia, the UK, Sweden, Russia, Saudi Arabia and Latvia lagged somewhat behind, together accounting for a further 29%.

Saudi Arabia, with a CAGR of +174.4%, 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 2022, the average steel plaited band export price amounted to $X per ton, surging by 5.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 133%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Imports

Imports into Finland

In 2022, steel plaited band imports into Finland surged to X tons, increasing by 111% on the previous year's figure. Over the period under review, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, steel plaited band imports skyrocketed to $X in 2022. In general, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) constituted the largest steel plaited band supplier to Finland, accounting for a 46% share of total imports. Moreover, steel plaited band imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden stood at +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.8% per year) and Germany (+30.5% per year).

In value terms, Sweden ($X) constituted the largest supplier of iron or steel plaited bands and slings to Finland, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Sweden amounted to +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and Germany (+12.0% per year).

Import Prices by Country

The average steel plaited band import price stood at $X per ton in 2022, shrinking by -9.4% against the previous year. In general, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :