Finland: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Finland

In 2022, after two years of growth, there was decline in the Finnish metal-reinforced rubber hose market, when its value decreased by -1% to $X. In general, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.9% against 2018 indices. As a result, consumption reached the peak level of $X, and then reduced slightly in the following year.

Metal-Reinforced Rubber Hose Production in Finland

In value terms, metal-reinforced rubber hose production reached $X in 2022 estimated in export price. Overall, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 80%. Metal-reinforced rubber hose production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from Finland

In 2022, the amount of rubber hose reinforced with metal exported from Finland fell to X tons, waning by -5.3% on 2021. Overall, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2019 when exports increased by 70%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports rose sharply to $X in 2022. Over the period under review, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 59%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for metal-reinforced rubber hose exports from Finland, with a 59% share of total exports. Moreover, metal-reinforced rubber hose exports to the Netherlands exceeded the volume sent to the second major destination, Russia (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +51.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-13.0% per year) and Spain (+77.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for rubber hose reinforced with metal exports from Finland, comprising 53% of total exports. The second position in the ranking was taken by Russia ($X), with a 17% share of total exports. It was followed by Spain, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +31.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-14.2% per year) and Spain (+73.5% per year).

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2020 an increase of 24% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Metal-Reinforced Rubber Hose Imports

Imports into Finland

In 2022, purchases abroad of rubber hose reinforced with metal decreased by -16.9% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, metal-reinforced rubber hose imports totaled $X in 2022. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 41%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), Austria (X tons) and Turkey (X tons) were the main suppliers of metal-reinforced rubber hose imports to Finland, with a combined 61% share of total imports. Germany, Japan, Malaysia, Morocco, Poland and China lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +59.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose suppliers to Finland were Italy ($X), Austria ($X) and Germany ($X), with a combined 60% share of total imports. Turkey, Japan, Malaysia, Poland, Morocco and China lagged somewhat behind, together comprising a further 28%.

Japan, with a CAGR of +57.3%, saw the highest rates of growth with regard to 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 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, rising by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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