Finland: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Finland

For the third year in a row, the Finnish activated natural mineral products market recorded decline in sales value, which decreased by -28.5% to $X in 2021. In general, consumption saw a slight decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Activated Natural Mineral Products in Finland

In value terms, activated natural mineral products production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production posted a noticeable expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 129%. Activated natural mineral products production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Activated Natural Mineral Products

Exports from Finland

In 2021, overseas shipments of activated natural mineral products decreased by -5.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 84% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, activated natural mineral products exports contracted modestly to $X in 2021. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 125% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then contracted modestly in the following year.

Exports by Country

Russia (X tons) was the main destination for activated natural mineral products exports from Finland, accounting for a 78% share of total exports. Moreover, activated natural mineral products exports to Russia exceeded the volume sent to the second major destination, Sweden (X tons), eightfold. Slovakia (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +93.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-36.7% per year) and Slovakia (+44.2% per year).

In value terms, Russia ($X) remains the key foreign market for activated natural mineral products exports from Finland, comprising 69% of total exports. The second position in the ranking was held by Sweden ($X), with a 16% share of total exports. It was followed by Slovakia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +75.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-17.9% per year) and Slovakia (+45.3% per year).

Export Prices by Country

In 2021, the average activated natural mineral products export price amounted to $X per ton, surging by 4.8% against the previous year. Over the period under review, the export price, however, saw a slight decrease. The pace of growth was the most pronounced in 2014 an increase of 49% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average 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 ($X per ton), while the average price for exports to Russia ($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 Sweden (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Activated Natural Mineral Products

Imports into Finland

Activated natural mineral products imports into Finland reduced markedly to X tons in 2021, falling by -29.7% compared with 2020 figures. Overall, imports recorded a mild slump. The growth pace was the most rapid in 2013 with an increase of 104%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, activated natural mineral products imports fell sharply to $X in 2021. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -40.7% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 49% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and Turkey (X tons) were the main suppliers of activated natural mineral products imports to Finland, with a combined 84% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +57.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest activated natural mineral products suppliers to Finland were Denmark ($X), the Netherlands ($X) and Turkey ($X), with a combined 77% share of total imports.

Denmark, with a CAGR of +27.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 activated natural mineral products import price amounted to $X per ton, growing by 8.5% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, activated natural mineral products import price decreased by -15.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 62%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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