Price for Chain; Articulated Link, Roller, of Iron or Steel in Finland - 2023

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Finland (CIF) - 2023
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Finland (FOB) - 2023
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Finland
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Finland

Price for Chain; Articulated Link, Roller, of Iron or Steel in Finland (CIF) - 2023

In October 2023, the average import price for chain; articulated link, roller, of iron or steel amounted to $7,188 per ton, falling by -41.4% against the previous month. In general, the import price saw a noticeable decrease. The growth pace was the most rapid in July 2023 an increase of 47% against the previous month. Over the period under review, average import prices reached the maximum at $12,262 per ton in September 2023, and then fell sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($20,662 per ton), while the price for India ($2,769 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Finland (FOB) - 2023

The average export price for chain; articulated link, roller, of iron or steel stood at $38,395 per ton in October 2023, jumping by 36% against the previous month. Overall, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in September 2023 an increase of 47% m-o-m. The export price peaked in October 2023.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the United States ($112K per ton), while the average price for exports to Serbia ($6,894 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Finland

In 2022, approx. 1.6K tons of chain; articulated link, roller, of iron or steel were imported into Finland; picking up by 47% on the year before. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of chain; articulated link, roller, of iron or steel soared to $14M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Finland in 2022:

1. China (444.9 tons)
2. Netherlands (274.2 tons)
3. Germany (254.9 tons)
4. Czech Republic (240.2 tons)
5. India (71.4 tons)
6. Sweden (64.9 tons)
7. Japan (57.1 tons)
8. Italy (48.3 tons)
9. United Kingdom (22.3 tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Finland

In 2022, approx. 167 tons of chain; articulated link, roller, of iron or steel were exported from Finland; increasing by 6.7% on the year before. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, exports of chain; articulated link, roller, of iron or steel expanded to $2.7M in 2022. The total export value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Finland in 2022:

1. Russia (47.1 tons)
2. Estonia (43.4 tons)
3. United States (13.8 tons)
4. Sweden (13.1 tons)
5. Chile (6.6 tons)
6. Latvia (4.8 tons)
7. Germany (3.9 tons)
8. United Kingdom (3.4 tons)
9. France (3.2 tons)
10. Canada (2.8 tons)

Source: IndexBox Market Intelligence Platform