Finland: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Finland

In 2021, the Finnish rubber-to-metal and moulded article market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Rubber-to-metal and moulded article consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Rubber-to-Metal and Moulded Articles in Finland

In value terms, rubber-to-metal and moulded article production rose markedly to $X in 2021 estimated in export price. In general, production, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 34% against the previous year. Rubber-to-metal and moulded article production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Finland

Rubber-to-metal and moulded article exports from Finland surged to X tons in 2021, picking up by 25% against 2020. The total export volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, rubber-to-metal and moulded article exports surged to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Sweden (X tons) and France (X tons) were the main destinations of rubber-to-metal and moulded article exports from Finland, together comprising 36% of total exports. These countries were followed by Estonia, the United States, Poland, Russia, the UK, Belgium, Italy, Brazil, Australia and Norway, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +16.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Sweden ($X) and Russia ($X) were the largest markets for rubber-to-metal and moulded article exported from Finland worldwide, with a combined 30% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +20.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rubber-to-metal and moulded article export price stood at $X per ton in 2021, surging by 2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 11%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to France ($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 Norway (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Finland

In 2021, purchases abroad of rubber-to-metal and moulded articles increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 28% against the previous year. Imports peaked at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 30% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Finland, together accounting for 44% of total imports. These countries were followed by Thailand, Sweden, Turkey, Italy, Poland, the Netherlands, Romania, the Czech Republic, India and Belgium, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +138.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to Finland were Germany ($X), the United States ($X) and Sweden ($X), with a combined 47% share of total imports. These countries were followed by China, Turkey, the Netherlands, Thailand, Italy, Belgium, the Czech Republic, Poland, Romania and India, which together accounted for a further 38%.

Romania, with a CAGR of +125.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, growing by 6.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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