Finland: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Finland

The Finnish market for ribbed or other deformed wire rod of non-alloy steel skyrocketed to $X in 2021, increasing by 15% against the previous year. Overall, consumption showed a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Finland

In value terms, deformed non-alloy steel wire rod production surged to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible slump. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Finland

After three years of growth, shipments abroad of ribbed or other deformed wire rod of non-alloy steel decreased by -47% to X tons in 2021. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 48,373%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod exports shrank rapidly to $X in 2021. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 22,219%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for deformed non-alloy steel wire rod exports from Finland, accounting for a 79% share of total exports. Moreover, deformed non-alloy steel wire rod exports to Estonia exceeded the volume sent to the second major destination, Sweden (X tons), sevenfold. The third position in this ranking was taken by Canada (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Estonia amounted to +54.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+147.9% per year) and Canada (-5.0% per year).

In value terms, Estonia ($X) emerged as the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from Finland, comprising 77% of total exports. The second position in the ranking was taken by Canada ($X), with a 12% share of total exports. It was followed by Sweden, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia stood at +52.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+4.4% per year) and Sweden (+25.0% per year).

Export Prices by Country

In 2021, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, waning by -14.9% against the previous year. In general, the export price saw a deep contraction. The growth pace was the most rapid in 2014 when the average export price increased by 167% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Estonia ($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 Canada (+9.8%), while the prices for the other major destinations experienced a decline.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Finland

In 2021, the amount of ribbed or other deformed wire rod of non-alloy steel imported into Finland rose to X tons, growing by 2.1% compared with the year before. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 23%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod imports soared to $X in 2021. In general, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Norway (X tons) constituted the largest supplier of deformed non-alloy steel wire rod to Finland, accounting for a 67% share of total imports. Moreover, deformed non-alloy steel wire rod imports from Norway exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.1% per year) and Spain (+90.3% per year).

In value terms, Norway ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to Finland, comprising 62% of total imports. The second position in the ranking was held by Germany ($X), with a 26% share of total imports. It was followed by Spain, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.2% per year) and Spain (+111.6% per year).

Import Prices by Country

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, rising by 55% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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