Finland: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Finland

For the third consecutive year, the Finnish unwrought aluminium alloys market recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption recorded a pronounced slump. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Unwrought Aluminium Alloys Production in Finland

In value terms, unwrought aluminium alloys production shrank modestly to $X in 2020 estimated in export prices. Overall, production continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Unwrought Aluminium Alloys Exports

Exports from Finland

In 2020, shipments abroad of unwrought aluminium alloys decreased by -X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, total exports indicated a notable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, unwrought aluminium alloys exports surged to $X in 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Sweden (X tons) was the main destination for unwrought aluminium alloys exports from Finland, accounting for a X% share of total exports. Moreover, unwrought aluminium alloys exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Sweden amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Poland (+X% per year).

In value terms, Sweden ($X), China ($X) and Germany ($X) appeared to be the largest markets for unwrought aluminium alloys exported from Finland worldwide, with a combined X% share of total exports. These countries were followed by Poland, Japan, France and Portugal, which together accounted for a further X the main countries of destination, Portugal (+X% per year) saw the highest rates of growth with regard to 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

In 2020, the average unwrought aluminium alloys export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was China ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced mixed trend patterns.

Unwrought Aluminium Alloys Imports

Imports into Finland

In 2020, the amount of unwrought aluminium alloys imported into Finland shrank markedly to X tons, waning by -X% on the previous year. Overall, imports saw a noticeable decline. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. from 2018 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, unwrought aluminium alloys imports reduced remarkably to $X in 2020. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Norway (X tons) constituted the largest unwrought aluminium alloys supplier to Finland, accounting for a X% share of total imports. Moreover, unwrought aluminium alloys imports from Norway exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold.

From 2007 to 2020, the average annual growth rate of volume from Norway was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-X% per year) and the United Arab Emirates (+X% per year).

In value terms, Norway ($X) constituted the largest supplier of unwrought aluminium alloys to Finland, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Norway amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2020, the average unwrought aluminium alloys import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Sweden ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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