Finland: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Finland

In 2021, the Finnish concrete reinforcing wire rod market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate resilient growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Wire Rod Used For Concrete Reinforcing in Finland

In value terms, concrete reinforcing wire rod production dropped to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from Finland

After two years of growth, overseas shipments of wire rod used for concrete reinforcing decreased by -X% to X tons in 2021. In general, exports showed a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, concrete reinforcing wire rod exports fell rapidly to $X in 2021. Overall, exports recorded a precipitous decrease. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons) was the main destination for concrete reinforcing wire rod exports from Finland, accounting for a X% share of total exports. Moreover, concrete reinforcing 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 an X% share.

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

In value terms, Estonia ($X) remains the key foreign market for concrete reinforcing wire rod exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Norway, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Norway (-X% per year).

Export Prices by Country

In 2021, the average concrete reinforcing wire rod export price amounted to $X per ton, declining by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2020, and then fell significantly in the following year.

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

Imports of Wire Rod Used For Concrete Reinforcing

Imports into Finland

In 2021, approx. X tons of wire rod used for concrete reinforcing were imported into Finland; approximately equating the previous year. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing wire rod imports surged to $X in 2021. In general, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Norway (X tons) and Spain (X tons) were the main suppliers of concrete reinforcing wire rod imports to Finland, with a combined X% share of total imports.

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

In value terms, the largest concrete reinforcing wire rod suppliers to Finland were Germany ($X), Norway ($X) and Spain ($X), with a combined X% share of total imports.

Among the main suppliers, Spain, with a CAGR of +X%, recorded 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 concrete reinforcing wire rod import price stood at $X per ton in 2021, jumping by X% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. 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.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Lithuania ($X per ton) and Sweden ($X per ton), while the price for Norway ($X per ton) and Russia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform