Welded iron or steel tubes, pipes and hollow profiles market in Finland

Earlier Report Observations

In 2018, welded steel tubes were widely used in machinery and vehicle manufacturing for machine parts and chassis, supporting demand. Cold-formed welded tubes meeting EN 10305-3 and EN 10305-5 standards became a cost-effective alternative to seamless tubes. By 2019, the product range expanded to include painted, galvanized, and threaded pipes for demanding applications, with several well-known manufacturers ensuring competition and compliance with industry standards. However, the market size contracted from USD 432 million in 2018 to USD 367 million in 2020, before rebounding sharply to USD 513 million in 2021.

After 2021, the market stabilized around USD 500 million, dipping slightly to USD 487 million in 2023 and recovering to USD 497 million in 2024. During 2024, ongoing construction sector activity maintained demand for welded tubes in projects. At the same time, full capacity utilization in stainless steel production and strikes at European plants such as Outokumpu and Acerinox affected the availability and pricing of steel tubes in Finland. Additionally, revisions to the building services industry collective agreements introduced changes regarding chemical treatment of weld seams and wage structures, potentially impacting production processes.

Production welded iron or steel tubes, pipes and hollow profiles in Finland

In value, 2017-2020, M $ US

Finland's production of welded iron or steel tubes, pipes and hollow profiles declined for the second year in a row. In 2020, output was valued at 345.5 million US dollars, marking a substantial 12.4% decrease compared to 2019. Production peaked in 2018 at 430.8 million US dollars, which represented a 10.1% increase from the previous year. Over the period from 2017 to 2020, production fell by 11.7%, equating to an annualized decline of 4.1%.

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

Exports welded iron or steel tubes, pipes and hollow profiles from Finland

Exports in kind, t

Finland's export volume of welded iron or steel tubes, pipes and hollow profiles reached 22 611 tonnes in 2020, which is 41.2% higher than in 2019. The volume peaked in 2018 at 24 519 tonnes, but then dropped to its lowest point in 2019 at 16 010 tonnes, representing a 34.7% decline from the previous year.

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

From 2017 to 2020, Sweden, Norway, and Germany were the largest buyers of welded iron or steel tubes, pipes and hollow profiles from Finland, accounting for 16.7%, 15.9%, and 12.6% of exports in kind, respectively. However, their combined share was only 45.2% of total exports, indicating a diversified market structure.

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, M $ US

After increasing for two consecutive years, Finland's exports of welded iron or steel tubes, pipes and hollow profiles declined in 2020. The export value stood at 91.6 million US dollars, marking a significant 17.2% contraction compared to 2019. The value had peaked in 2019 at 110.7 million US dollars, following a 19.6% increase in 2018.

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

Between 2017 and 2020, Finland's exports of welded iron or steel tubes, pipes and hollow profiles in value terms were not heavily concentrated in a few key markets. Norway, Sweden, and Germany accounted for 17.1%, 15.0%, and 12.0% of exports in value terms, respectively, with their combined share totaling only 44.1% of total 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 welded iron or steel tubes, pipes and hollow profiles to Finland

Imports in kind, t

Finland's import volume of welded iron or steel tubes, pipes and hollow profiles amounted to 96 345 tonnes in 2020, representing a steep 25.8% increase year-over-year. Over the period from 2017 to 2020, imports grew by 40.7%, with a compound annual growth rate of 12.0%. The only decline during this period was a modest 3.6% drop in 2019.

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

From 2017 to 2020, Russia, Italy, and the United Kingdom were the principal suppliers of welded iron or steel tubes, pipes and hollow profiles to Finland, accounting for 29.2%, 15.3%, and 12.7% of imports in kind, respectively. Together, they formed 57.3% of total imports in kind.

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, M $ US

Finland imported 112.8 million US dollars worth of welded iron or steel tubes, pipes and hollow profiles in 2020, showing no significant change compared to 2019. The import value had peaked in 2019 at 112.8 million US dollars, following a 3.3% increase from the previous year. Over the period from 2017 to 2020, imports increased by 5.8%, with a compound annual growth rate of 1.9%.

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

Between 2017 and 2020, Italy, Russia, and Germany continued to be the main suppliers of welded iron or steel tubes, pipes and hollow profiles to Finland in value terms, accounting for 25.2%, 15.2%, and 10.8% of imports in value terms, respectively. Their combined share totaled 51.3% of total imports 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