Industry Statistics and Rankings
How does this industry perform in Finland compared to Europe?
Country Benchmarking
Industry Data Finland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#20 In EuropeBusiness
#19 In EuropeEmployees
#24 In EuropeWages
#17 In EuropeThe European Iron and Steel Casting industry has evolved significantly in recent years, shaped by geopolitical, economic and technological factors. Casters have wrestled with considerable challenges resulting from global trade wars, Brexit-related uncertainties, stringent environmental regulations and volatility in metal prices. More recently, high interest rates and escalating building costs led to a manufacturing downturn over the past couple of years, denting iron and steel casters’ sales. Revenue is expected to drop at a compound annual rate of 5.6% over the five years through 2024 to €23.4 billion, including an estimated 3.3% slump in 2024.
Enterprises
Number of businesses in 2024
Biggest companies in the Iron & Steel Casting in Finland
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Iron & Steel Casting in Finland industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Iron & Steel Casting industry in Finland in 2024?
The market size of the Iron & Steel Casting industry in Finland is €152.2m in 2024.
How many businesses are there in the Iron & Steel Casting in Finland industry in 2024?
There are 20 businesses in the Iron & Steel Casting industry in Finland, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Iron & Steel Casting industry in Finland grown or declined over the past 5 years?
The market size of the Iron & Steel Casting industry in Finland has been declining at a CAGR of 5.5 % between 2019 and 2024.
What is the forecast growth of the Iron & Steel Casting industry in Finland over the next 5 years?
Over the next five years, the Iron & Steel Casting industry in Finland is expected to decline.
What does the Iron & Steel Casting in Finland include?
Steel castings for machinery and mechanical appliances and Steel castings for locomotives and rolling stock are part of the Iron & Steel Casting industry.
How competitive is the Iron & Steel Casting industry in Finland?
The level of competition is moderate and steady in the Iron & Steel Casting industry in Finland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
Table of Contents
About this industry
Industry definition
Iron and steel casters operate foundries that produce iron or steel products. The production process involves pouring molten iron or steel into moulds to create products of various shapes and sizes, including tubes, pipes and related fittings.
Related Terms
FERROUS METALLURGY CENTRIFUGAL MACHINEALLOY STEELWhat's included in this industry?
Steel castings for machinery and mechanical appliancesSteel castings for locomotives and rolling stock Steel and iron tube and pipe fittingsSteel castings for land vehicles Grey iron castings Ductile iron castings Malleable iron castingsCompanies
Industry Code
2431 - Casting of iron and steel in Finland
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Iron & Steel Casting in Finland industry?
Outlook
Analysis
What's driving the Iron & Steel Casting in Finland industry outlook?
Volatility
Analysis
What influences volatility in the Iron & Steel Casting in Finland industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Iron & Steel Casting in Finland industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Steel casting production faces pressure from high interest rates. Environmental concerns about the significant energy required to produce steel castings is also putting a squeeze on sales.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Iron & Steel Casting in Finland industry's products and services performing?
Analysis
What are innovations in the Iron & Steel Casting in Finland industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Iron & Steel Casting in Finland industry?
International Trade
Highlights
- Total Imports into Finland
- Total Exports into Finland
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Moderate concentration characterises Europe’s iron and steel casting market. While a few dominant manufacturers control a significant portion of the market, competition is still fierce.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Iron & Steel Casting in Finland located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
European iron and steel casters come up against stringent regulations. European laws necessitate the reduction of carbon emissions and energy usage, enforce anti-dumping duties and promote fair competition.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Iron & Steel Casting in Finland industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising energy costs damage profit. Russia’s invasion of Ukraine drove a huge surge in energy prices, pushing up casters’ costs and eating into their returns. It also cut into demand for iron and steel commodities, further limiting profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Iron & Steel Casting in Finland industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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