Finland: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Finland

For the fourth consecutive year, the Finnish double or complex silicates market recorded decline in sales value, which decreased by -43.1% to $X in 2021. Over the period under review, consumption recorded a abrupt slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Double Or Complex Silicates in Finland

In value terms, double or complex silicates production fell rapidly to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 79% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Double Or Complex Silicates

Exports from Finland

In 2021, exports of double or complex silicates from Finland totaled X tons, approximately equating 2020. Overall, exports enjoyed temperate growth. The most prominent rate of growth was recorded in 2013 when exports increased by 12% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, double or complex silicates exports amounted to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 8.8%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main destinations of double or complex silicates exports from Finland, with a combined 87% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +98.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for double or complex silicates exported from Finland were Germany ($X), Poland ($X) and Switzerland ($X), together accounting for 82% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +92.2%, saw the highest rates of growth with regard to 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

The average double or complex silicates export price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price decreased by -2.5% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Sweden ($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 China (+47.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Double Or Complex Silicates

Imports into Finland

In 2021, supplies from abroad of double or complex silicates decreased by -15.2% to X tons, falling for the third consecutive year after three years of growth. Overall, imports, however, showed a slight increase. The most prominent rate of growth was recorded in 2016 when imports increased by 601%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, double or complex silicates imports stood at $X in 2021. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 553%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of double or complex silicates imports to Finland, together accounting for 87% of total imports. Denmark, Lithuania, Belgium, the United States and Italy lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +74.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of double or complex silicates to Finland, comprising 48% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by the United States, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +92.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+31.3% per year) and the United States (+17.8% per year).

Import Prices by Country

The average double or complex silicates import price stood at $X per ton in 2021, picking up by 18% against the previous year. Overall, the import price posted resilient growth. The pace of growth was the most pronounced in 2014 an increase of 337%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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