Cold-formed or cold-finished iron or non-alloy steel angles, shapes and sections market in Finland

Earlier Report Observations

From 2018 to 2019, the market volume for cold-formed steel angles and shapes in Finland increased from 11.6 thousand tons to 15.6 thousand tons, driven by rising investments in construction and industry which boosted demand. Major companies strengthened their positions, while consumer preferences shifted toward lightweight and durable materials. In 2020, the COVID-19 pandemic caused temporary raw material supply chain disruptions and a slowdown in construction activity, reducing the market volume to 12.2 thousand tons. However, state-owned companies and EU and Finnish stimulus packages for infrastructure projects provided market support, cushioning the decline.

Market recovery began in 2021, with volume rising to 13.1 thousand tons, fueled by growing demand for lightweight and sustainable steel structures and the emergence of innovative eco-friendly products. Manufacturers expanded production in response. In 2022, market volume surged to a peak of 19.6 thousand tons, supported by the continued recovery in construction and industrial investment. New EU labeling requirements for steel products and a policy emphasis on circular economy influenced production processes, while international supply chain disruptions added price pressures.

Following the 2022 peak, market volume in physical terms declined to 15.0 thousand tons in 2023 and 14.8 thousand tons in 2024. In value terms, however, the market remained high, reaching 30.0 million US dollars in 2024, indicating sustained demand and a possible shift toward higher-value products.

Production cold-formed angles and shapes in Finland

In value, 2017-2020, K $ US

Finland's production of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections declined for the second year in a row. In 2020, output was valued at 27 436 thousand US dollars, marking a significant year-on-year drop of 16.4%. Over the 2017-2020 period, production fell by 21.7%, with an average annual decline of 7.9%. The peak was in 2018 at 35 760 thousand US dollars, which also saw the largest increase of 2.0%.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

In kind, 2017-2020, t

Finland's production of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections declined for the third consecutive year. In 2020, 18 886 tonnes were produced, showing a notable reduction of 21.8% compared to 2019. From 2017 to 2020, production decreased by 38.6%, with an average annual decline of 15.0%.

Annual dynamics of production in Finland in kind, 2017-2020, t

Exports cold-formed angles and shapes from Finland

Exports in kind, t

Finland's exports of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections declined for the second year in a row. In 2020, exports totaled 9 524 tonnes, representing a gradual decline of 3.3% from the previous year. Between 2017 and 2020, exports fell by 32.8%, equating to an annualized rate of 12.4%. The peak was in 2018 at 15 896 tonnes, which also saw the largest increase of 12.1%. The largest decline occurred in 2019 at 38.0%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

From 2017 to 2020, Sweden, Poland, and Norway were the leading destinations for Finland's exports in kind, accounting for 31.9%, 14.8%, and 9.8% of the total, respectively. Together, they made up 56.5% of all export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

Finland's exports of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections declined for the second consecutive year. In 2020, exports were valued at 11 905 thousand US dollars, marking a drop of 26.1% year-on-year. Between 2017 and 2020, exports decreased by 27.2%, with an annualized rate of 10.0%. The peak was in 2018 at 19 028 thousand US dollars, which also saw the largest increase of 16.3%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

From 2017 to 2020, three key markets—Sweden, Estonia, and Poland—together accounted for 59.5% of Finland's total export value for cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports cold-formed angles and shapes to Finland

Imports in kind, t

The data shows irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2017 and peaked in 2020, with a 2.3-fold difference between these years. In 2020, Finland's imports were recorded at 2 840 tonnes, reflecting a sharp increase of 111.5% compared to 2019. The largest decline was in 2019 at 0.4%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

From 2017 to 2020, Finland's supplier portfolio for cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections was broad. Germany, Belgium, and Estonia were the top suppliers, contributing 16.2%, 13.4%, and 12.9% of imports in kind, respectively. Together, they accounted for 42.5% of total imports, with many other countries holding smaller but notable shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

Finland imported 4 284 thousand US dollars worth of cold-formed or cold-finished iron or non-alloy steel angles, shapes, and sections in 2020, up by 32.6% from the prior year. Over the 2017-2020 period, imports increased by 46.4%, with an average annual growth rate of 13.5%. The largest decline was in 2019 at 0.2%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

From 2017 to 2020, Germany, Belgium, and Estonia were the primary suppliers to Finland in value terms, accounting for 22.0%, 17.9%, and 13.4% of imports, respectively. Together, they made up 53.3% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020