Finland: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2025

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Finland

The Finnish market for railway or tramway track construction material of iron or steel surged to $X in 2021, jumping by 46% against the previous year. Over the period under review, consumption recorded a measured expansion. Consumption of peaked in 2021 and is likely to see gradual growth in years to come.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Finland

In value terms, production of railway or tramway track construction material of iron or steel expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 21%. Production of peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Finland

Exports of railway or tramway track construction material of iron or steel from Finland reduced to X tons in 2021, falling by -1.7% on the previous year's figure. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 67%. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. Over the period under review, exports saw a drastic downturn. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from Finland, accounting for a 52% share of total exports. Moreover, exports of railway or tramway track construction material of iron or steel to Poland exceeded the volume sent to the second major destination, India (X tons), twofold. The third position in this ranking was taken by China (X tons), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+473.0% per year) and China (-12.3% per year).

In value terms, India ($X) emerged as the key foreign market for railway or tramway track construction material of iron or steel exports from Finland, comprising 56% of total exports. The second position in the ranking was held by China ($X), with a 26% share of total exports. It was followed by Poland, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +473.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7.1% per year) and Poland (-5.1% per year).

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, jumping by 46% against the previous year. Overall, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Poland ($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 China (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Finland

In 2021, approx. X tons of railway or tramway track construction material of iron or steel were imported into Finland; growing by 44% against the previous year's figure. Overall, imports saw a slight expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 156% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. In general, imports recorded a strong expansion. The growth pace was the most rapid in 2016 with an increase of 78%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The UK (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of imports of railway or tramway track construction material of iron or steel to Finland, with a combined 61% share of total imports. These countries were followed by Poland, Sweden, Luxembourg, China, Austria and France, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +171.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel railway construction materials suppliers to Finland were Poland ($X), Germany ($X) and Sweden ($X), with a combined 53% share of total imports. Spain, the UK, China, Luxembourg, Austria and France lagged somewhat behind, together accounting for a further 42%.

China, with a CAGR of +138.6%, 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 railway or tramway track construction material of iron or steel stood at $X per ton in 2021, increasing by 3.7% against the previous year. Over the period under review, the import price continues to indicate noticeable growth. The growth pace was the most rapid in 2017 when the average import price increased by 86% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 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 France ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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