Threaded nuts market in Finland

Earlier Report Observations

The market for iron or steel threaded nuts in Finland showed considerable fluctuation between 2018 and 2024. It expanded from 14.8 million USD in 2018 to a peak of 18.2 million USD in 2022, driven primarily by rising import values. After 2022, the market contracted, falling to 14.6 million USD in 2023 and then to 14.2 million USD in 2024.

The slight decline in 2024 coincided with the full implementation of the EU's Carbon Border Adjustment Mechanism (CBAM) from January 2024, which raised costs for steel products and affected import competitiveness. Additionally, a new requirement to declare the country of origin for imported iron and steel goods, introduced in September 2023, added complexity to import procedures. At the same time, growing consumer interest in sustainability and circular economy principles supported demand for recycled steel products, such as Outokumpu's Circle Green® stainless steel, although the overall stainless steel market remained volatile with weak demand and price pressures.

Production threaded nuts in Finland

In value, 2017-2020, K $ US

After two consecutive years of decline, threaded nuts production in Finland showed signs of recovery. In 2020, output reached 749.4 thousand US dollars, marking a 5.6% increase compared to 2019. Looking at the broader period from 2017 to 2020, production decreased by 3.9%, which translates to an annualized growth rate of 1.3%. The lowest production value was recorded in 2019 at 709.5 thousand US dollars, with the largest year-on-year decline of 8.4% also occurring that year.

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

In kind, 2017-2020, t

Following a two-year downward trend, threaded nuts production in Finland began to rebound. In 2020, Finland produced 110.2 tonnes of threaded nuts, representing a 4.8% increase compared to the previous year. Over the four-year period from 2017 to 2020, production decreased by 4.2%, equivalent to an annualized decline of 1.4%. The lowest production volume was recorded in 2019 at 105.1 tonnes, while the most significant year-on-year decrease of 5.2% occurred in 2018.

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

Exports threaded nuts from Finland

Exports in kind, t

The export market for threaded nuts from Finland experienced significant volatility during this period. In 2019, exports reached their lowest point at just 40 tonnes, but rebounded dramatically in 2020 to 602 tonnes - representing a staggering 1,399.6% increase year-on-year. This created a remarkable 15-fold difference between the minimum in 2019 and the maximum in 2020. The most substantial decline occurred in 2019, when exports fell by 93.3%.

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

Between 2017 and 2020, Finland's threaded nuts exports were primarily directed to three key markets. Sweden accounted for 41.1% of export volumes, followed by Estonia with 18.5%, and Russia with 10.9%. Together, these three destinations represented 70.5% of Finland's total threaded nuts exports during this period.

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 threaded nuts exports showed mixed performance between 2017 and 2020. In 2020, export value reached 3,741 thousand US dollars, representing a 9.2% increase compared to 2019. Over the four-year period, exports grew by 2.2%, equivalent to an annualized growth rate of 0.7%. The lowest export value was recorded in 2019 at 3,427 thousand US dollars, while the highest occurred in 2018 at 4,182 thousand US dollars. The most significant decline of 18.1% took place in 2019, while the largest increase of 14.2% was recorded in 2018.

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

From 2017 to 2020, Finland's threaded nuts exports by value were concentrated in three main markets. Estonia was the leading destination with 25.3% of export value, followed by Sweden with 18.8%, and Russia with 12.0%. Collectively, these three countries accounted for 56.2% of Finland's total threaded nuts export value during this period.

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

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

Imports threaded nuts to Finland

Imports in kind, t

Finland's threaded nuts imports displayed extreme volatility between 2017 and 2020. In 2019, imports hit their lowest point at just 100 tonnes, but surged dramatically in 2020 to 3,728 tonnes - representing an extraordinary 3,615.8% increase compared to the previous year. This created a massive 37-fold difference between the minimum in 2019 and the peak in 2020. The most substantial decline occurred in 2019, when imports fell by 97.2%.

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

Between 2017 and 2020, Finland's threaded nuts imports by volume were dominated by three key sources. China was the largest supplier, accounting for 44.5% of import volumes, followed by Germany with 22.6%, and Asia (not elsewhere specified) with 9.1%. Together, these three sources represented 76.3% of Finland's total threaded nuts imports during this period.

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 threaded nuts imports by value declined for the second consecutive year in 2020, reaching 16,713 thousand US dollars - an 8.1% decrease compared to 2019. However, looking at the broader period from 2017 to 2020, imports actually increased by 6.2%, equivalent to an annualized growth rate of 2.0%. The highest import value was recorded in 2018 at 18,190 thousand US dollars, which also saw the largest year-on-year increase of 15.5%.

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

From 2017 to 2020, Finland's threaded nuts imports by value were concentrated in three main source markets. Germany was the leading supplier with 32.5% of import value, followed by China with 22.3%, and Asia (not elsewhere specified) with 9.1%. Collectively, these three sources accounted for 63.9% of Finland's total threaded nuts import value during this period.

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

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