Iron or steel containers with capacity ≤300 l market in Finland

Earlier Report Observations

The market for iron or steel containers with capacity not exceeding 300 l in Finland expanded significantly from 2018 to 2021, with market size increasing by 26% to reach 53.5 million USD. This growth was followed by a contraction in 2022 and 2023, bringing the market value down to 44.4 million USD, before a slight recovery to 45.5 million USD in 2024.

Domestic production showed volatility, declining from 20.2 million USD in 2018 to 16.5 million USD in 2024. Imports played a key role in market expansion, rising from 32.2 million USD to a peak of 41.7 million USD in 2021, then moderating. Exports decreased initially from 10.0 million USD in 2018 to 7.6 million USD in 2019, before gradually increasing to around 9.3–10.6 million USD in subsequent years.

Overall, the Finnish market for these containers experienced a period of growth driven by import growth, offsetting a decline in domestic production. The market then adjusted with reduced imports and production, leading to a smaller market size in recent years.

Production iron or steel containers with capacity ≤300 l in Finland

In value, 2017-2020, K $ US

In 2020, Finland's production of iron or steel containers with a capacity of 300 liters or less was valued at 18 553 thousand US dollars, marking an 8.4% decrease compared to the previous year. Over the period from 2017 to 2020, production declined by 8.2%, with an average annual growth rate of -2.8%. The highest production value was recorded in 2019 at 20 266 thousand US dollars, which saw a modest increase of 0.3% that year.

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

Exports iron or steel containers with capacity ≤300 l from Finland

Exports in kind, t

The market showed an unstable trend during this period. In 2019, Finland's exports of iron or steel containers with a capacity of 300 liters or less reached their lowest point at 941 metric tons, representing a significant decline of 53.5%. By 2020, exports surged to 2 132 metric tons, a 126.4% increase from 2019, with import levels fluctuating 2.3 times between these two years.

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

From 2017 to 2020, Estonia, Poland, and Lithuania were the primary markets for Finland's exports of iron or steel containers with a capacity of 300 liters or less. Estonia accounted for 39.7% of exports in kind, Poland for 28.0%, and Lithuania for 16.7%, collectively making up 84.5% of total 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

In 2020, Finland's exports of iron or steel containers with a capacity of 300 liters or less amounted to 8 042 thousand US dollars, up 5.7% year-over-year. Between 2017 and 2020, exports grew by 9.9%, with an average annual rate of 3.2%. The peak value was recorded in 2018 at 9 989 thousand US dollars, which saw a substantial increase of 36.5%. However, in 2019, exports dropped by 23.8%.

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

During 2017–2020, Estonia, Poland, and Sweden were the leading destinations for Finland's exports in value terms. Estonia held 28.4% of exports, Poland 21.3%, and Sweden 12.3%, together accounting for 61.9% 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 iron or steel containers with capacity ≤300 l to Finland

Imports in kind, t

The data indicates irregular changes, reflecting a volatile market environment. In 2019, Finland's imports of iron or steel containers with a capacity of 300 liters or less hit a low of 5 102 metric tons, a sharp decline of 51.2%. By 2020, imports rose to 9 716 metric tons, a 90.4% increase from the previous year, with imports changing by a factor of 2.1 from the peak in 2017 to the trough in 2019.

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

From 2017 to 2020, Sweden, Russia, and the Netherlands were the main sources of imports in kind for Finland. Sweden dominated with 66.9% of imports, followed by Russia at 6.8% and the Netherlands at 5.0%, collectively representing 78.7% 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

In 2020, Finland's imports of iron or steel containers with a capacity of 300 liters or less totaled 36 581 thousand US dollars, showing a notable increase of 16.5% year-over-year. Between 2017 and 2020, imports grew by 26.4%, with an average annual rate of 8.1%. The largest decline occurred in 2019, with a decrease of 2.4%.

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

Over 2017–2020, Sweden, Poland, and the Netherlands were the key suppliers of iron or steel containers with a capacity of 300 liters or less to Finland in value terms. Sweden accounted for 57.0% of imports, Poland for 6.7%, and the Netherlands for 6.2%, together comprising 69.8% of total imports.

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

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