Finland: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Finland

The Finnish market for iron, steel or aluminium reservoirs, tanks, vats and similar containers surged to $X in 2020, jumping by X% against the previous year. In general, the total consumption indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Iron, steel or aluminium reservoir consumption peaked in 2020 and is expected to retain growth in years to come.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Finland

In value terms, iron, steel or aluminium reservoir production contracted to $X in 2020 estimated in export prices. Overall, production showed a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Finland

In 2020, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports contracted slightly to $X in 2020. Over the period under review, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Russia (X tons) and Saudi Arabia (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Finland, together comprising X% of total exports. These countries were followed by Norway, Estonia, Latvia and Germany, which together accounted for a further X 2007 to 2020, the biggest increases were in Germany, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Sweden ($X) and Russia ($X) appeared to be the largest markets for iron, steel or aluminium reservoir exported from Finland worldwide, together accounting for X% of total exports. Estonia, Norway, Germany and Latvia lagged somewhat behind, together accounting for a further X saw 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

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the export price recorded a prominent increase. As a result, 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 external markets. In 2020, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Finland

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Finland; which is down by -X% against 2019. Overall, imports, however, showed pronounced growth. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports reached $X in 2020. In general, imports, however, showed a tangible expansion. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2017 to 2020, the growth imports failed to regain the momentum.

Imports by Country

China (X tons), Estonia (X tons) and Poland (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Finland, together accounting for X% of total imports. Germany, Sweden, Latvia and Portugal lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Latvia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Finland were China ($X), Germany ($X) and Poland ($X), with a combined X% share of total imports. These countries were followed by Estonia, Sweden, Latvia and Portugal, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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