Finland: Ether Market 2024

Ether Market Size in Finland

After three years of decline, the Finnish ether market increased by 20% to $X in 2022. In general, consumption, however, continues to indicate a pronounced descent. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Ether Production in Finland

In value terms, ether production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 2,833%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Ether Exports

Exports from Finland

In 2022, shipments abroad of ethers was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded pronounced growth. The pace of growth appeared the most rapid in 2017 with an increase of 505% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ether exports skyrocketed to $X in 2022. In general, exports saw a pronounced expansion. The most prominent rate of growth was recorded in 2017 with an increase of 274%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for ether exports from Finland, with a 57% share of total exports. Moreover, ether exports to the Netherlands exceeded the volume sent to the second major destination, Lithuania (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+108.9% per year) and Belgium (+85.4% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for ethers exports from Finland, comprising 42% of total exports. The second position in the ranking was taken by Poland ($X), with a 17% share of total exports. It was followed by Estonia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-9.2% per year) and Estonia (+72.6% per year).

Export Prices by Country

The average ether export price stood at $X per ton in 2022, increasing by 40% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 134%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Lithuania ($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 Poland (+18.8%), while the prices for the other major destinations experienced mixed trend patterns.

Ether Imports

Imports into Finland

In 2022, after two years of growth, there was significant decline in supplies from abroad of ethers, when their volume decreased by -37.8% to X tons. Overall, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2013 when imports increased by 231% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, ether imports reduced markedly to $X in 2022. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2013 when imports increased by 131%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of ether imports to Finland, together comprising 72% of total imports. Switzerland, Russia, Japan, the United States and Denmark lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +8.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ether suppliers to Finland were Germany ($X), the Netherlands ($X) and Belgium ($X), together accounting for 63% of total imports.

The Netherlands, with a CAGR of +9.9%, saw the highest rates of growth with regard to 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 ether import price stood at $X per ton in 2022, jumping by 29% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 64%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :