Finland: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2025

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Finland

The Finnish market for tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021, growing by 1,367% against the previous year. Overall, consumption showed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Finland

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Finland

In 2021, exports of tubes, pipes and hollow profiles (of iron or steel) from Finland surged to X tons, jumping by 87% compared with the previous year's figure. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 1,081% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) skyrocketed to $X in 2021. Overall, exports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of 486% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Germany (X tons) and the United States (X tons) were the main destinations of exports of tubes, pipes and hollow profiles (of iron or steel) from Finland, with a combined 42% share of total exports. These countries were followed by Poland, Norway, the UK, Estonia, France, Denmark, Switzerland, the Netherlands, Austria and Italy, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of -0.9%), while the other leaders experienced a decline.

In value terms, Sweden ($X), the United States ($X) and Germany ($X) were the largest markets for iron or steel pipe and tube exported from Finland worldwide, with a combined 42% share of total exports. Norway, the UK, Poland, France, Denmark, the Netherlands, Switzerland, Estonia, Austria and Italy lagged somewhat behind, together accounting for a further 42%.

Among the main countries of destination, France, with a CAGR of +5.8%, saw the highest growth rate of 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

The average export price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, reducing by -22.3% against the previous year. Overall, the export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 an increase of 225% against the previous year. As a result, the export price reached the peak level of $X per ton, and then plummeted in the following year.

There were significant differences in the average prices for the major foreign 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 France (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Finland

Imports of tubes, pipes and hollow profiles (of iron or steel) into Finland fell slightly to X tons in 2021, therefore, remained relatively stable against the year before. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 567%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) skyrocketed to $X in 2021. In general, imports, however, continue to indicate slight growth. The growth pace was the most rapid in 2017 with an increase of 478%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Germany (X tons), Russia (X tons) and Italy (X tons) were the main suppliers of imports of tubes, pipes and hollow profiles (of iron or steel) to Finland, together accounting for 48% of total imports. Poland, the UK, Turkey, Estonia, Romania, Sweden, the Czech Republic, Latvia and France lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +53.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel pipe and tube suppliers to Finland were Germany ($X), Italy ($X) and Poland ($X), with a combined 45% share of total imports. These countries were followed by Sweden, Russia, Estonia, the UK, Romania, France, Turkey, the Czech Republic and Latvia, which together accounted for a further 41%.

In terms of the main suppliers, Turkey, with a CAGR of +45.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, increasing by 30% against the previous year. In general, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for tubes, pipes and hollow profiles (of iron or steel) increased by +78.5% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 50% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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