Price for Steel, Alloy; Ingots and Other Primary Forms in Finland - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Finland (FOB) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Finland (CIF) - 2023
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Finland
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Finland
Price for Steel, Alloy; Ingots and Other Primary Forms in Finland (FOB) - 2022
The average export price for steel, alloy; ingots and other primary formses stood at $30,575 per ton in 2022, with a decrease of -84.4% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $234,564 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($253,099 per ton), while the average price for exports to Uruguay ($4,513 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 the Netherlands (-2.8%), while the prices for the other major destinations experienced a decline.
Price for Steel, Alloy; Ingots and Other Primary Forms in Finland (CIF) - 2023
In July 2023, the average import price for steel, alloy; ingots and other primary formses amounted to $32,266 per ton, growing by 322% against the previous month. Overall, the import price posted strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Belgium.
From December 2022 to July 2023, the rate of growth in terms of prices for the Czech Republic amounted to +66.7% per month.
Exports of Steel, Alloy; Ingots and Other Primary Forms in Finland
In 2022, exports of steel, alloy; ingots and other primary formses from Finland soared to 79 tons, surging by 614% on the previous year. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, alloy; ingots and other primary formses reached $2.4M in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,285 | 603 | 1,276 | 1,600 | 7.6% |
| Sweden | 374 | 292 | 315 | 346 | -2.6% |
| Uruguay | N/A | N/A | N/A | 301 | 0% |
| Belgium | 337 | 586 | 375 | 76.4 | -39.0% |
| Others | 147 | 153 | 198 | 88.8 | -15.5% |
| Total | 2,144 | 1,633 | 2,163 | 2,413 | 4.0% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Finland in 2022:
- Uruguay (66.8 tons)
- Netherlands (6.3 tons)
- Sweden (4.9 tons)
- Belgium (0.4 tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in Finland
Imports of steel, alloy; ingots and other primary formses into Finland soared to 31 tons in 2022, rising by 11,195% compared with 2021. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; ingots and other primary formses skyrocketed to $266K in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 132 | 0% |
| Sweden | N/A | 4.9 | 0.2 | 59.0 | 247.0% |
| Czech Republic | N/A | N/A | 0.3 | 35.4 | 11700.0% |
| Belgium | N/A | 14.1 | N/A | 27.2 | 38.9% |
| United States | 3.5 | 1.8 | N/A | 8.9 | 36.5% |
| Others | 8.2 | 3.7 | 1.7 | 3.5 | -24.7% |
| Total | 11.6 | 24.5 | 2.2 | 266 | 184.1% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Finland in 2022:
- South Korea (21.5 tons)
- Sweden (6.8 tons)
- Czech Republic (1.8 tons)
- United States (0.3 tons)
- Belgium (0.3 tons)
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