Iron or steel articulated link chain excluding roller chain market in Finland

Earlier Report Observations

The market for iron or steel articulated link chain in Finland showed considerable volatility from 2018 to 2024. Market size fell from 18.9 million USD in 2018 to a low of 14.7 million USD in 2020. This was followed by a three-year recovery, peaking at 18.7 million USD in 2023, before a slight contraction to 18.1 million USD in 2024.

Domestic production followed a similar trajectory, declining from 31.8 million USD in 2018 to 28.6 million USD in 2020, then rising strongly to a high of 36.3 million USD in 2023. The market's net size was significantly shaped by export activity, which surged after 2020 to exceed 21 million USD in 2022, reducing the volume available for domestic consumption.

By the end of the period, the market had stabilized at a level above the 2020 trough but below the 2023 peak. The overall dynamic was characterized by a post-2020 expansion in both output and foreign sales, which subsequently moderated.

Production iron or steel articulated link chain in Finland

In value, 2017-2020, K $ US

Finland's production of iron or steel articulated link chain, excluding roller chain, declined for the second year in a row. In 2020, output was valued at 28 579 thousand US dollars, marking a modest 5.6% decrease from 2019. Over the period from 2017 to 2020, production grew by 6.5%, which translates to an annualized rate of 2.1%. The peak value occurred in 2018 at 31 798 thousand US dollars, with the largest annual increase also recorded that year at 18.4%.

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

In kind, 2017-2020, t

Following two years of growth, Finland's production of iron or steel articulated link chain, excluding roller chain, saw a decline. In 2020, output totaled 5 664 tonnes, representing a significant 25.7% drop from 2019. From 2017 to 2020, production increased by 3.1%, averaging 1.0% per year. The highest volume was achieved in 2019 at 7 623 tonnes, while the largest annual increase was in 2018 at 31.0%.

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

Exports iron or steel articulated link chain from Finland

Exports in kind, t

The data shows irregular fluctuations, pointing to a volatile market environment. The lowest export volume was recorded in 2019 at 15 tonnes, while the peak occurred in 2017, resulting in a peak-to-trough ratio of 210 times. In 2020, exports from Finland reached 3 015 tonnes, a dramatic increase of 19,589.8% compared to 2019. The largest decline was in 2019 at 99.5%.

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

From 2017 to 2020, Sweden, Austria, and Germany were the core destinations for Finland's exports in kind. Sweden accounted for 37.6% of exports, Austria for 12.1%, and Germany for 9.0%, together making up 58.6% of total 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

After two years of growth, Finland's export value of iron or steel articulated link chain, excluding roller chain, declined. In 2020, exports amounted to 15 817 thousand US dollars, reflecting a modest 5.9% reduction from 2019. Between 2017 and 2020, exports rose by 6.3%, equivalent to an annualized rate of 2.1%. The highest value was in 2019 at 16 803 thousand US dollars, with the largest increase also that year at 7.2%.

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

During 2017–2020, Sweden, Austria, and Estonia were the main destinations for Finland's exports in value terms. Sweden represented 33.1% of exports, Austria 12.1%, and Estonia 7.7%, collectively accounting for 52.9% of total export value.

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

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

Imports iron or steel articulated link chain to Finland

Imports in kind, t

The data indicates irregular changes, suggesting a volatile market. The minimum import volume was in 2019 at 8 tonnes, while the maximum was in 2018 at 427 tonnes, showing a 53-fold difference between these years. In 2020, imports into Finland totaled 166 tonnes, a sharp rise of 1,947.9% from 2019. The largest decline occurred in 2019 at 98.1%.

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

From 2017 to 2020, Germany, China, and Turkey were the primary sources for Finland's imports in kind. Germany contributed 28.5% of imports, China 25.6%, and Turkey 16.6%, together representing 70.7% of total 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

Finland's import value of iron or steel articulated link chain, excluding roller chain, fell for the second consecutive year. In 2020, imports were valued at 1 971 thousand US dollars, a sharp 27.7% decrease from 2019. The peak value was recorded in 2018 at 2 759 thousand US dollars, with the largest increase also in 2018 at 42.2%.

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

Over the period 2017–2020, Germany, China, and France were the leading sources in Finland's import structure by value. Germany accounted for 36.6% of imports, China for 16.4%, and France for 11.0%, with a combined share of 64.0% of total flows.

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

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