The 2011 Import and Export Market for Copper Alloy Bars, Rods, and Profiles in Finland by ICONGroup


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									The 2011 Import and Export
Market for Copper Alloy Bars,
Rods, and Profiles in Finland

                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)                                      ©2011 ICON Group Ltd.

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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.

                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.

Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.                                                    ©2011 ICON Group Ltd.

                           About ICON Group Ltd.
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                                                               Contents        v

Table of Contents
1     INTRODUCTION AND METHODOLOGY                                         6
2     FINLAND AND THE WORLD MARKET                                         8
    2.1        Imports in Finland in 2011                                  8
    2.2        Exports from Finland in 2011                                9
3     IMPORTS IN FINLAND                                                  10
    3.1      Europe                                                       10
       3.1.1    Denmark                                                   10
       3.1.2    Estonia                                                   10
       3.1.3    France                                                    11
       3.1.4    Germany                                                   12
       3.1.5    Italy                                                     13
       3.1.6    Poland                                                    14
       3.1.7    Spain                                                     15
       3.1.8    Sweden                                                    16
       3.1.9    Switzerland                                               17
       3.1.10 the United Kingdom                                          18
    3.2      the Middle East                                              19
       3.2.1    Turkey                                                    19
4     EXPORTS FROM FINLAND                                                20
    4.1        Asia                                                       20
       4.1.1      China                                                   20
       4.1.2      Taiwan                                                  21
    4.2        Europe                                                     22
       4.2.1      Denmark                                                 22
       4.2.2      Estonia                                                 22
       4.2.3      France                                                  23
       4.2.4      Norway                                                  24
       4.2.5      Poland                                                  25
       4.2.6      Spain                                                   26
       4.2.7      Sweden                                                  27
       4.2.8      the United Kingdom                                      28
    4.3        Latin America                                              29
       4.3.1      Mexico                                                  29
    4.4        North America & the Caribbean                              30
       4.4.1      Canada                                                  30
       4.4.2      the United States                                       31
    4.5        the Middle East                                            32
       4.5.1      Armenia                                                 32
    5.1        Disclaimers & Safe Harbor                                  33
    5.2        ICON Group Ltd. User Agreement Provisions                  34                                    ©2011 ICON Group Ltd.
                                             Copper Alloy Bars, Rods, and Profiles in Finland     6

On the demand side, exporters and strategic planners focusing on copper alloy bars, rods, and
profiles in Finland face a number of questions. Which countries are supplying copper alloy bars,
rods, and profiles to Finland? How important is Finland compared to others in terms of the entire
global and regional market? How much do the imports of copper alloy bars, rods, and profiles
vary from one country of origin to another in Finland? On the supply side, Finland also exports
copper alloy bars, rods, and profiles. Which countries receive the most exports from Finland?
How are these exports concentrated across buyers? What is the value of these exports and which
countries are the largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for copper alloy bars, rods, and
profiles in Finland. With the globalization of this market, managers can no longer be contented
with a local view. Nor can managers be contented with out-of-date statistics which appear
several years after the fact. I have developed a methodology, based on macroeconomic and trade
models, to estimate the market for copper alloy bars, rods, and profiles for those countries serving
Finland via exports, or supplying from Finland via imports. It does so for the current year based
on a variety of key historical indicators and econometric models.

In what follows, Chapter 2 begins by summarizing where Finland fits into the world market for
imported and exported copper alloy bars, rods, and profiles. The total level of imports and
exports on a worldwide basis, and those for Finland in particular, is estimated using a model
which aggregates across over 150 key country markets and projects these to the current year.
From there, each country represents a percent of the world market. This market is served from a
number of competitive countries of origin. Based on both demand- and supply-side dynamics,
market shares by country of origin are then calculated across each country market destination.
These shares lead to a volume of import and export values for each country and are aggregated to
regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of
both the value of each market and the share that Finland is likely to receive this year. From these
figures, rankings are calculated to allow managers to prioritize Finland compared to other major
country markets. In this way, all the figures provided in this report are forecasts that can be
combined with internal information sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of copper alloy bars,
rods, and profiles, Chapter 3 goes into detail on imports, but for each major country of origin
serving Finland. A “major” market is defined as a country where Finland represents a
substantially large share of either imports or exports. For each major country exporting to
Finland, one can thus observe how important Finland is to that exporting country compared to
other countries of the world. Chapter 4 does the same, but for exports of copper alloy bars, rods,
and profiles originating from Finland, for each major country of destination. In doing so, one can
discover the share that Finland has in each major market; this share value is often used as a
measure of competitiveness for Finland. In all cases, the total dollar volume and percentage share                                                        ©2011 ICON Group Ltd.
                                              Copper Alloy Bars, Rods, and Profiles in Finland      7

values by major trading partner are provided. Combined, Chapters 3 and 4 present a the total
picture for imports and exports of copper alloy bars, rods, and profiles to and from Finland to and
from all other major countries in the world. "Copper Alloy Bars, Rods, and Profiles" as a
category is defined in this report following the definition given by the United Nations Statistics
Division Classification Registry using the Standard International Trade Classification, Revision 3
(SITC, Rev. 3). The SITC code that defined "copper alloy bars, rods, and profiles" is 68232 . For
more information on this definition, please refer to the following web site: .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.                                                         ©2011 ICON Group Ltd.
                                                Copper Alloy Bars, Rods, and Profiles in Finland        8

2.1         IMPORTS IN FINLAND IN 2011
            Imported Copper Alloy Bars, Rods, and Profiles in Finland, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
Sweden                            1                     6,543               43.86                   43.86
Germany                           2                     3,178               21.30                   65.17
Poland                            3                     2,555               17.13                   82.30
the United Kingdom                4                       610                4.09                   86.38
Spain                             5                       539                3.61                   90.00
Italy                             6                       391                2.62                   92.62
France                            7                       345                2.31                   94.93
Switzerland                       8                       316                2.12                   97.05
the United States                 9                       142                0.95                   98.00
Denmark                          10                       132                0.88                   98.89
Turkey                           11                        85                0.57                   99.46
Estonia                          12                        81                0.54                  100.00
Total                                                  14,917              100.00                  100.00
    Source: Philip M. PARKER, Professor, INSEAD, copyright 2011,                                                           ©2011 ICON Group Ltd.
                                                Copper Alloy Bars, Rods, and Profiles in Finland        9

2.2         EXPORTS FROM FINLAND IN 2011
           Copper Alloy Bars, Rods, and Profiles Exports from Finland, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
the United States                 1                     3,337               58.49                   58.49
France                            2                       735               12.88                   71.38
Sweden                            3                       488                8.55                   79.93
Armenia                           4                       385                6.75                   86.68
Spain                             5                       166                2.91                   89.59
China                             6                       146                2.56                   92.15
Estonia                           7                       135                2.37                   94.51
the United Kingdom                8                        96                1.68                   96.20
Canada                            9                        64                1.12                   97.32
Taiwan                           10                        53                0.93                   98.25
Norway                           11                        41                0.72                   98.97
Germany                          12                        28                0.49                   99.46
Poland                           13                        17                0.30                   99.75
Denmark                          14                         8                0.14                   99.89
Mexico                           15                         6                0.11                  100.00
Total                                                   5,705              100.00                  100.00
   Source: Philip M. PARKER, Professor, INSEAD, copyright 2011,                                                           ©2011 ICON Group Ltd.
                                                Copper Alloy Bars, Rods, and Profiles in Finland       10

3.1         EUROPE
3.1.1          Denmark
          Copper Alloy Bars, Rods, and Profiles Exports from Denmark, 2
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