The Steel Flanges (Excluding Cast Fittings) market in Finland has experienced varying growth patterns from 2013 to 2023. The market observed a significant fall from 2013 to 2015, with year-on-year decreases of 7.32%, 7.89%, and 7.14%, respectively. An upturn occurred in 2016 with a 22.4% increase, followed by moderate growth and slight fluctuations from 2017 to 2023. Notably, the average annual growth rate (CAGR) over the last five years has been 0.57%, whereas in 2023, the market stood at 3.7009 Million Kilograms, showing minor decreases of 0.46% year-on-year consecutively since 2021.
Future trends to watch for include potential market stabilization or modest growth driven by advancements in steel flange manufacturing technologies, shifts towards sustainable production practices, and fluctuations in demand from key industries such as construction and energy. Furthermore, global economic conditions and trade policies could significantly affect market dynamics in the coming years.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 85,444,000 | 2023 | +0.94% | -0.38% | View data |
| 2 | 2 France | 16,314,000 | 2023 | +2.22% | +0.91% | View data |
| 3 | 3 Belgium | 4,059,700 | 2023 | -0.97% | -0.64% | View data |
| 4 | 4 Finland | 3,700,900 | 2023 | -0.46% | +0.57% | |
| 5 | 5 Portugal | 2,741,000 | 2023 | -1.62% | -1.95% | View data |
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