Finland: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Finland

The Finnish market for iron or steel flat spiral or discs springs surged to $X in 2021, jumping by 64% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Metal spiral or discs spring consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in Finland

In value terms, metal spiral or discs spring production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 89%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Finland

In 2021, the amount of iron or steel flat spiral or discs springs exported from Finland declined to X tons, dropping by -7.6% compared with the previous year's figure. Overall, exports saw a slight descent. The most prominent rate of growth was recorded in 2015 when exports increased by 47%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal spiral or discs spring exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X tons), Sweden (X tons) and the Netherlands (X tons) were the main destinations of metal spiral or discs spring exports from Finland, with a combined 50% share of total exports. Romania, Lithuania, Russia, Germany, Denmark, Norway, the Czech Republic, the United States, China and Bulgaria lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +140.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Estonia ($X) and Germany ($X) constituted the largest markets for metal spiral or discs spring exported from Finland worldwide, with a combined 45% share of total exports. These countries were followed by China, Norway, Romania, the United States, Russia, Denmark, Lithuania, the Netherlands, the Czech Republic and Bulgaria, which together accounted for a further 36%.

Bulgaria, with a CAGR of +167.8%, recorded the highest rates of growth with regard to 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 export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, rising by 44% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 China (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Finland

In 2021, approx. X tons of iron or steel flat spiral or discs springs were imported into Finland; increasing by 51% on 2020. In general, imports, however, recorded a perceptible curtailment. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, metal spiral or discs spring imports soared to $X in 2021. Over the period under review, imports, however, showed a mild shrinkage. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Estonia (X tons) and the Czech Republic (X tons) were the main suppliers of metal spiral or discs spring imports to Finland, together accounting for 63% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +72.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel flat spiral or discs springs to Finland, comprising 37% of total imports. The second position in the ranking was held by Estonia ($X), with a 13% share of total imports. It was followed by Sweden, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+18.7% per year) and Sweden (-6.7% per year).

Import Prices by Country

In 2021, the average import price for iron or steel flat spiral or discs springs amounted to $X per ton, dropping by -4.9% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% 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 spiral or discs spring import price decreased by -18.0% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 86%. 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.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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