Finland: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Finland

In 2021, after three years of decline, there was significant growth in the Finnish vulcanised rubber erases market, when its value increased by 14% to $X. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vulcanised Rubber Erases Exports

Exports from Finland

In 2021, overseas shipments of erasers of vulcanised rubber increased by 158% to X kg, rising for the second consecutive year after two years of decline. Overall, exports saw a pronounced increase. The most prominent rate of growth was recorded in 2013 when exports increased by 261% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports surged to $X in 2021. Over the period under review, exports showed temperate growth. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X kg) was the main destination for vulcanised rubber erases exports from Finland, accounting for a 52% share of total exports. Moreover, vulcanised rubber erases exports to Norway exceeded the volume sent to the second major destination, China (X kg), threefold. The third position in this ranking was held by Sweden (X kg), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and Sweden (-13.3% per year).

In value terms, the largest markets for vulcanised rubber erases exported from Finland were Norway ($X), Sweden ($X) and Latvia ($X), with a combined 54% share of total exports. China, Estonia and Russia lagged somewhat behind, together accounting for a further 8.5%.

China, with a CAGR of +74,300.0%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, rising by 17% against the previous year. Overall, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases export price decreased by -21.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 50% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to China ($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 (+44.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Finland

In 2021, after two years of growth, there was significant decline in purchases abroad of erasers of vulcanised rubber, when their volume decreased by -11.8% to X tons. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 22%. Over the period under review, imports reached the maximum at X tons in 2020, and then reduced in the following year.

In value terms, vulcanised rubber erases imports surged to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Sweden (X tons) and Denmark (X tons) were the main suppliers of vulcanised rubber erases imports to Finland, with a combined 80% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +40.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Sweden ($X) and Germany ($X) appeared to be the largest vulcanised rubber erases suppliers to Finland, with a combined 77% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +40.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, surging by 53% against the previous year. Overall, the import price, however, showed a mild slump. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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