Finland: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Finland

In 2021, the Finnish cement prefabricated structural components market increased by 11% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the near future.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Finland

In value terms, cement prefabricated structural components production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period 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 2018 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Finland

In 2021, overseas shipments of prefabricated structural components of cement, concrete or artificial stone decreased by -47.7% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 354% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, cement prefabricated structural components exports dropped notably to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 244%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Norway (X tons) and Lithuania (X tons) were the main destinations of cement prefabricated structural components exports from Finland, together accounting for 71% of total exports. France, Poland, Slovakia and Spain lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +38,693.1%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Slovakia ($X) appeared to be the largest markets for cement prefabricated structural components exported from Finland worldwide, with a combined 63% share of total exports. These countries were followed by Lithuania, France, Poland and Spain, which together accounted for a further 26%.

In terms of the main countries of destination, Spain, with a CAGR of +56,590.5%, 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

In 2021, the average cement prefabricated structural components export price amounted to $X per ton, growing by 56% against the previous year. Overall, the export price continues to indicate a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Poland ($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 Spain (+46.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Finland

In 2021, overseas purchases of prefabricated structural components of cement, concrete or artificial stone decreased by -5.5% to X tons for the first time since 2014, thus ending a six-year rising trend. In general, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 89%. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, cement prefabricated structural components imports declined to $X in 2021. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 90%. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Estonia (X tons) constituted the largest supplier of cement prefabricated structural components to Finland, accounting for a 72% share of total imports. Moreover, cement prefabricated structural components imports from Estonia exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume from Estonia stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+59.2% per year) and Germany (+5.7% per year).

In value terms, Estonia ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to Finland, comprising 75% of total imports. The second position in the ranking was taken by Russia ($X), with a 17% share of total imports. It was followed by Germany, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from Estonia totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+69.5% per year) and Germany (+15.6% per year).

Import Prices by Country

In 2021, the average cement prefabricated structural components import price amounted to $X per ton, falling by -3.9% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cement prefabricated structural components import price decreased by -22.7% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 101%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Denmark ($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 (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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