Finland: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Finland

The Finnish articles of fiber cement market reduced to $X in 2022, shrinking by -12% against the previous year. In general, consumption saw a deep slump. Articles of fiber cement consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Finland

In value terms, articles of fiber cement production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2021 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Finland

Articles of fiber cement exports from Finland expanded to X tons in 2022, increasing by 4.7% compared with the previous year. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 132%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, articles of fiber cement exports dropped modestly to $X in 2022. Overall, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.8% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Sweden (X tons) was the main destination for articles of fiber cement exports from Finland, with a 41% share of total exports. Moreover, articles of fiber cement exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), twofold. Estonia (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+10.2% per year) and Estonia (+16.4% per year).

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) constituted the largest markets for articles of fiber cement exported from Finland worldwide, together comprising 66% of total exports. Estonia, Hungary, the Netherlands, Ireland, Poland, the UK and Russia lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Hungary, with a CAGR of +47.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, which is down by -8.5% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2019 when the average export price increased by 111% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, 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 Norway ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Finland

Articles of fiber cement imports into Finland contracted markedly to X tons in 2022, falling by -16.6% against 2021. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 700% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, articles of fiber cement imports reduced notably to $X in 2022. Overall, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 360% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of articles of fiber cement to Finland, with a 71% share of total imports. Moreover, articles of fiber cement imports from Hungary exceeded the figures recorded by the second-largest supplier, Belgium (X tons), eightfold. The third position in this ranking was taken by Poland (X tons), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary totaled +167.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+2.6% per year) and Poland (-6.7% per year).

In value terms, Hungary ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Finland, comprising 63% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports. It was followed by Italy, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary totaled +162.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.9% per year) and Italy (-18.7% per year).

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, dropping by -12.4% against the previous year. In general, the import price, however, saw a mild increase. The most prominent rate of growth was recorded in 2019 an increase of 194%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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