Finland: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Finland

The Finnish market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) reached $X in 2021, with an increase of 8.2% against the previous year. In general, consumption saw a slight reduction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Finland

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw slight growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 66%. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Finland

In 2021, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Finland skyrocketed to X tons, with an increase of 34% against the year before. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 82%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. Overall, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons), Russia (X tons) and Poland (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Finland, with a combined 75% share of total exports. These countries were followed by Denmark, Ukraine, the UK, Latvia, Estonia and Germany, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +137.2%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Russia ($X) and Poland ($X) constituted the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Finland worldwide, with a combined 74% share of total exports. Denmark, the UK, Ukraine, Latvia, Estonia and Germany lagged somewhat behind, together accounting for a further 22%.

Denmark, with a CAGR of +125.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, surging by 56% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 74% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Ukraine ($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 (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Finland

In 2021, purchases abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 10% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 44%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplier to Finland, with a 41% share of total imports. Moreover, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. France (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.2% per year) and France (-4.8% per year).

In value terms, Germany ($X) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Finland, comprising 41% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Sweden, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.7% per year) and Sweden (-4.8% per year).

Import Prices by Country

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform