Finland: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Finland

The Finnish aromatic alcohols market soared to $X in 2021, growing by 33% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +87.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Aromatic Alcohols Exports

Exports from Finland

In 2021, shipments abroad of aromatic alcohols and their derivatives decreased by 0% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded tangible growth. The growth pace was the most rapid in 2016 when exports increased by 282%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, aromatic alcohols exports amounted to $X in 2021. Overall, exports showed notable growth. The most prominent rate of growth was recorded in 2016 with an increase of 295% against the previous year. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

Sweden (X tons) was the main destination for aromatic alcohols exports from Finland, with a 95% share of total exports. Moreover, aromatic alcohols exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +21.2%.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +23.6%.

Export Prices by Country

The average aromatic alcohols export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 53%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign 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 Sweden amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Alcohols Imports

Imports into Finland

In 2021, overseas purchases of aromatic alcohols and their derivatives increased by 20% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 42% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, aromatic alcohols imports surged to $X in 2021. Overall, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.7% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 47% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest aromatic alcohols supplier to Finland, with a 46% share of total imports. Moreover, aromatic alcohols imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.4% per year) and the Netherlands (+121.3% per year).

In value terms, Germany ($X) constituted the largest supplier of aromatic alcohols and their derivatives to Finland, comprising 45% of total imports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 12% 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: Belgium (-6.4% per year) and the Netherlands (+110.3% per year).

Import Prices by Country

In 2021, the average aromatic alcohols import price amounted to $X per ton, picking up by 20% against the previous year. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Canada ($X per ton) and Belgium ($X per ton), while the price for China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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