Finland: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in Finland

In 2022, the Finnish steel stranded wire market increased by 102% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption showed a prominent increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Steel Stranded Wire Production in Finland

In value terms, steel stranded wire production surged to $X in 2022 estimated in export price. In general, production faced a significant contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 8,514% against the previous year. Steel stranded wire production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Steel Stranded Wire Exports

Exports from Finland

In 2022, the amount of iron or steel stranded wire, ropes and cables exported from Finland dropped significantly to X tons, which is down by -21.7% against 2021. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 77% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, steel stranded wire exports contracted to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 73%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Poland (X tons) and France (X tons) were the main destinations of steel stranded wire exports from Finland, with a combined 49% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +95.7%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Poland ($X) constituted the largest markets for steel stranded wire exported from Finland worldwide, together accounting for 24% of total exports.

Poland, with a CAGR of +76.2%, 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 stranded wire export price amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the export price saw prominent growth. The pace of growth appeared the most rapid in 2018 an increase of 41% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Sweden ($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 Denmark (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports into Finland

In 2022, purchases abroad of iron or steel stranded wire, ropes and cables increased by 64% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, steel stranded wire imports surged to $X in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of steel stranded wire imports to Finland, together accounting for 62% of total imports. Turkey, China, Spain, South Korea, Portugal, Russia and Malaysia lagged somewhat behind, together comprising a further 26%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest steel stranded wire suppliers to Finland were Vietnam ($X), Sweden ($X) and Germany ($X), with a combined 63% share of total imports.

Among the main suppliers, Sweden, with a CAGR of +27.6%, recorded the highest growth rate of 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 2022, the average steel stranded wire import price amounted to $X per ton, with an increase of 17% against the previous year. Over the period under review, import price indicated temperate growth from 2013 to 2022: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel stranded wire import price increased by +31.8% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 57% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :