Finland: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Finland

For the third consecutive year, the Finnish market for iron, steel or aluminium reservoirs, tanks, vats and similar containers recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, the total consumption indicated notable growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by X% against 2016 indices. Over the period under review, the market reached the maximum level in 2020 and is likely to see steady growth in the near future.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Finland

In value terms, iron, steel or aluminium reservoir production shrank to $X in 2020 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2020, production failed to regain momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Finland

In 2020, after two years of growth, there was significant decline in shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by X% to X units. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports declined modestly to $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X units), Russia (X units) and Saudi Arabia (X units) were the main destinations of iron, steel or aluminium reservoir exports from Finland, together comprising X% of total exports. Norway, Estonia, Latvia and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Sweden ($X) and Russia ($X) appeared to be the largest markets for iron, steel or aluminium reservoir exported from Finland worldwide, with a combined X% share of total exports. Estonia, Norway, Germany and Latvia lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, picking up by X% against the previous year. Overall, the export price enjoyed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Finland

In 2020, approx. X units of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Finland; which is down by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2020, imports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir imports stood at $X in 2020. In general, total imports indicated a remarkable increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by X% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Estonia (X units) and Poland (X units) were the main suppliers of iron, steel or aluminium reservoir imports to Finland, with a combined X% share of total imports. Germany, Sweden, Latvia, Portugal, Italy and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Poland ($X) appeared to be the largest iron, steel or aluminium reservoir suppliers to Finland, with a combined X% share of total imports. Estonia, Sweden, Italy, Latvia, Portugal and Austria lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, recorded a pronounced descent. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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