Finland: Acetone Market 2025

Acetone Market Size in Finland

The Finnish acetone market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Acetone Production in Finland

In value terms, acetone production declined slightly to $X in 2021 estimated in export price. Overall, production saw a perceptible descent. The growth pace was the most rapid in 2016 with an increase of 28%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Acetone Exports

Exports from Finland

In 2021, shipments abroad of acetone decreased by -37.2% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2016 with an increase of 87% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, acetone exports reduced modestly to $X in 2021. In general, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 46% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for acetone exports from Finland, accounting for a 50% share of total exports. Moreover, acetone exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-29.5% per year) and Belgium (-15.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for acetone exports from Finland, comprising 46% of total exports. The second position in the ranking was taken by the UK ($X), with a 14% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-18.4% per year) and Germany (-6.8% per year).

Export Prices by Country

In 2021, the average acetone export price amounted to $X per ton, increasing by 56% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Acetone Imports

Imports into Finland

After two years of growth, purchases abroad of acetone decreased by -81.6% to X tons in 2021. Over the period under review, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2014 with an increase of 1,900%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, acetone imports declined notably to $X in 2021. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2014 when imports increased by 1,436% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Latvia (X tons) constituted the largest supplier of acetone to Finland, with a 50% share of total imports. Moreover, acetone imports from Latvia exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Latvia totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+27.8% per year) and Germany (+11.1% per year).

In value terms, the largest acetone suppliers to Finland were Latvia ($X), Germany ($X) and Lithuania ($X), with a combined 72% share of total imports.

Among the main suppliers, Lithuania, with a CAGR of +32.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average acetone import price amounted to $X per ton, picking up by 202% against the previous year. Over the period under review, the import price showed strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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