Finland: Non-Alloy Steel U-Section Market 2025

Non-Alloy Steel U-Section Market Size in Finland

In 2022, the Finnish non-alloy steel u-section market increased by 17% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +55.6% against 2019 indices. Non-alloy steel u-section consumption peaked in 2022 and is likely to continue growth in years to come.

Non-Alloy Steel U-Section Production in Finland

In value terms, non-alloy steel u-section production dropped remarkably to $X in 2022 estimated in export price. Overall, production faced a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 69%. Non-alloy steel u-section production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Non-Alloy Steel U-Section Exports

Exports from Finland

In 2022, shipments abroad of u-sections of non-alloy steel increased by 70% to X tons, rising for the third consecutive year after two years of decline. In general, exports posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 304% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, non-alloy steel u-section exports surged to $X in 2022. Over the period under review, exports showed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 349%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Estonia (X tons), Latvia (X tons) and Lithuania (X tons) were the main destinations of non-alloy steel u-section exports from Finland, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +96.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-alloy steel u-section exported from Finland were Estonia ($X), Latvia ($X) and Lithuania ($X), together comprising 96% of total exports.

In terms of the main countries of destination, Latvia, with a CAGR of +103.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average non-alloy steel u-section export price stood at $X per ton in 2022, growing by 3.3% against the previous year. In general, the export price showed a modest increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Lithuania ($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 Latvia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports into Finland

In 2022, non-alloy steel u-section imports into Finland surged to X tons, picking up by 22% on the year before. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 47%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-alloy steel u-section imports soared to $X in 2022. Over the period under review, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +88.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Poland (X tons) and Spain (X tons) were the main suppliers of non-alloy steel u-section imports to Finland, together accounting for 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +5.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest non-alloy steel u-section suppliers to Finland were Germany ($X), Poland ($X) and Spain ($X), together comprising 88% of total imports.

Among the main suppliers, Poland, with a CAGR of +7.1%, saw the highest growth rate of 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

The average non-alloy steel u-section import price stood at $X per ton in 2022, growing by 5.1% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section import price increased by +50.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 43%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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