Finland: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Finland

In 2021, the Finnish amine-function compounds market decreased by -85.8% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a abrupt setback. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Amine-Function Compounds Production in Finland

In value terms, amine-function compounds production shrank remarkably to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 236% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Amine-Function Compounds Exports

Exports from Finland

In 2021, shipments abroad of amine-function compounds decreased by -58.7% to X tons, falling for the third year in a row after two years of growth. In general, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by 657% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, amine-function compounds exports declined significantly to $X in 2021. Overall, exports recorded a perceptible descent. The pace of growth was the most pronounced in 2020 when exports increased by 570% against the previous year. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

China (X tons), Russia (X tons) and Germany (X tons) were the main destinations of amine-function compounds exports from Finland, together accounting for 39% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +162.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for amine-function compounds exports from Finland, comprising 51% of total exports. The second position in the ranking was held by Lithuania ($X), with a 23% share of total exports. It was followed by China, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+164.0% per year) and China (+140.4% per year).

Export Prices by Country

The average amine-function compounds export price stood at $X per ton in 2021, declining by -83.6% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The growth pace was the most rapid in 2020 an increase of 1,573% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($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 Netherlands (+59.6%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Finland

In 2021, the amount of amine-function compounds imported into Finland surged to X tons, with an increase of 215% on the previous year's figure. In general, imports enjoyed a noticeable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, amine-function compounds imports soared to $X in 2021. Overall, imports continue to indicate notable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of amine-function compounds to Finland, accounting for a 57% share of total imports. Moreover, amine-function compounds imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+25.1% per year) and China (+3.1% per year).

In value terms, Germany ($X), the Netherlands ($X) and China ($X) appeared to be the largest amine-function compounds suppliers to Finland, together comprising 71% of total imports.

The Netherlands, with a CAGR of +25.2%, 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

The average amine-function compounds import price stood at $X per ton in 2021, falling by -45.6% against the previous year. Over the period under review, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 an increase of 32%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then contracted sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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