Flexible iron or steel tubing market in Finland

Earlier Report Observations

The market for flexible iron or steel tubing in Finland, measured in value, stood at 11.4 million USD in 2018 before contracting to 10.4 million USD in 2019. A strong recovery followed, with the market expanding to 13.2 million USD in 2020 and growing further to reach 16.2 million USD in 2021 and a peak of 17.7 million USD in 2022.

In 2023, the market value declined to 13.9 million USD. This downturn coincided with cautious conditions in the broader mechanical engineering sector, where new order intake had been falling for two years, signaling reduced demand for metal products including tubing. The following year saw a modest recovery to 14.7 million USD. This growth occurred alongside a period where Finland's metals industry faced lower turnover and industrial action, but the market was supported by the country's leading role in sustainable steel innovation and growth opportunities in power-intensive industries, which sustained demand for specialized tubing.

Production flexible iron or steel tubing in Finland

In value, 2017-2020, K $ US

In 2020, Finland's production of flexible iron or steel tubing was valued at 9 641 thousand US dollars, marking a significant increase of 40.4% compared to 2019. The lowest value during this period was recorded in 2019 at 6 867 thousand US dollars, which saw the largest decline of 14.2%. From 2017 to 2020, overall production grew by 21%, translating to an annualized growth rate of 6.6%.

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

In kind, 2017-2020, t

Finland's production volume of flexible iron or steel tubing declined for the second consecutive year. In 2020, the country produced 296.3 tonnes, showing a decrease of 9.6% from the previous year. Over the period from 2017 to 2020, production fell by 13%, which corresponds to an annualized decline rate of 4.5%.

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

Exports flexible iron or steel tubing from Finland

Exports in kind, t

The export market for flexible iron or steel tubing from Finland showed an unstable trend throughout the timeframe. Exports reached their lowest point in 2019 at 10.2 tonnes, with the largest decline that year at 93.3%. From this trough in 2019 to the peak in 2017, exports changed by a factor of 18. In 2020, Finland exported 124.7 tonnes, reflecting a sharp increase of 1,124.7% compared to 2019.

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

From 2017 to 2020, the Netherlands, Sweden, and France were the top buyers of flexible iron or steel tubing from Finland in terms of volume. The Netherlands accounted for 31.8% of exports, Sweden for 16.5%, and France for 8.9%. Together, these three countries represented 57.2% of Finland's total exports in kind.

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

After two years of growth, Finland's exports of flexible iron or steel tubing in value terms declined. In 2020, exports amounted to 5 140 thousand US dollars, indicating a solid decrease of 15.1% compared to the previous year. The highest value was recorded in 2019 at 6 055 thousand US dollars, which also saw the largest increase of 9.4%.

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

Throughout 2017 to 2020, the Netherlands, Sweden, and China remained the main markets for Finland's exports of flexible iron or steel tubing in value terms. The Netherlands held a 27.2% share, Sweden 14.1%, and China 10.3%. Collectively, these three countries accounted for 51.6% of total export flows.

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

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

Imports flexible iron or steel tubing to Finland

Imports in kind, t

Import volumes of flexible iron or steel tubing into Finland experienced noticeable fluctuations during the period. The lowest point was in 2019 at 17.2 tonnes, with the largest decline that year at 96.6%. From the peak in 2017 to this trough in 2019, imports changed by a factor of 35. In 2020, Finland imported 495.0 tonnes, up by 2,780.9% compared to 2019.

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

In the period from 2017 to 2020, Germany, Denmark, and Italy were the primary sources for Finland's imports of flexible iron or steel tubing in terms of volume. Germany contributed 35.6% of imports, Denmark 15.9%, and Italy 8.0%. Together, these three countries made up 59.5% of total import flows.

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

After two years of improvement, Finland's imports of flexible iron or steel tubing in value terms declined. In 2020, imports totaled 8 733 thousand US dollars, showing a moderate decrease of 9.1% year-over-year. The highest value was recorded in 2019 at 9 607 thousand US dollars, while the largest increase occurred in 2018 at 18.0%. From 2017 to 2020, overall imports increased by 15.1%, equating to an annualized growth rate of 4.8%.

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

From 2017 to 2020, three key markets—Germany, Denmark, and Italy—collectively accounted for 56.4% of Finland's total imports of flexible iron or steel tubing in value terms.

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

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