Report Update Nov 1, 2024

Finland - Pig Iron and Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Pig Iron Market 2022

Pig Iron Market Size in Finland

In 2021, the Finnish pig iron market increased by 39% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption showed buoyant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Pig Iron Exports

Exports from Finland

In 2021, overseas shipments of pig iron and spiegeleisen increased by 102% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 6,582%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pig iron exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 3,400% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for pig iron exports from Finland, accounting for a 60% share of total exports. Moreover, pig iron exports to Italy exceeded the volume sent to the second major destination, Estonia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+7.5% per year) and Sweden (-15.4% per year).

In value terms, Italy ($X) emerged as the key foreign market for pig iron exports from Finland, comprising 62% of total exports. The second position in the ranking was taken by Estonia ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Italy stood at -12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+8.2% per year) and Sweden (-15.8% per year).

Export Prices by Country

The average pig iron export price stood at $X per ton in 2021, with an increase of 57% against the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 88% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Estonia ($X per ton), while the average price for exports to Sweden ($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 Italy (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Pig Iron Imports

Imports into Finland

In 2021, after two years of decline, there was significant growth in purchases abroad of pig iron and spiegeleisen, when their volume increased by 25% to X tons. Overall, imports, however, showed a perceptible descent. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, pig iron imports soared to $X in 2021. Over the period under review, imports, however, showed a pronounced curtailment. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Sweden (X tons) and Russia (X tons) were the main suppliers of pig iron imports to Finland, together accounting for 80% of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +129.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of pig iron to Finland, comprising 49% of total imports. The second position in the ranking was held by Russia ($X), with a 14% share of total imports. It was followed by Sweden, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +137.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-19.4% per year) and Sweden (+23.2% per year).

Import Prices by Country

The average pig iron import price stood at $X per ton in 2021, jumping by 35% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pig iron import price increased by +101.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 40% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig iron and spiegeleisen in the world?

China remains the largest pig iron consuming country worldwide, accounting for 73% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India, tenfold. The third position in this ranking was occupied by South Korea, with a 4.9% share.

What are the largest producers of pig iron and spiegeleisen in the world?

The country with the largest volume of pig iron production was China, accounting for 73% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India, tenfold. South Korea ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of pig iron and spiegeleisen to Finland?

In value terms, the Netherlands constituted the largest supplier of pig iron to Finland, comprising 49% of total imports. The second position in the ranking was occupied by Russia, with a 14% share of total imports. It was followed by Sweden, with an 11% share.

What are the leading importers of pig iron and spiegeleisen from Finland?

In value terms, Italy emerged as the key foreign market for pig iron exports from Finland, comprising 62% of total exports. The second position in the ranking was occupied by Estonia, with a 28% share of total exports.

What is the average export price for pig iron and spiegeleisen in Finland?

In 2021, the average pig iron export price amounted to $523 per ton, jumping by 57% against the previous year.

What is the average import price for pig iron and spiegeleisen in Finland?

In 2021, the average pig iron import price amounted to $572 per ton, increasing by 35% against the previous year.

This report provides an in-depth analysis of the pig iron market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023