Finland: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Finland

In 2021, the Finnish ethyl acetate market increased by 79% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a pronounced decrease. Ethyl acetate consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Ethyl Acetate Production in Finland

In value terms, ethyl acetate production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. Ethyl acetate production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ethyl Acetate Exports

Exports from Finland

Ethyl acetate exports from Finland reduced sharply to X tons in 2021, with a decrease of -64.6% on the year before. Over the period under review, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 2,347% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, ethyl acetate exports declined markedly to $X in 2021. In general, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 1,089% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for ethyl acetate exports from Finland, accounting for a 55% share of total exports. Moreover, ethyl acetate exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-6.2% per year) and the United Arab Emirates (0.0% per year).

In value terms, the largest markets for ethyl acetate exported from Finland were Sweden ($X), the United Arab Emirates ($X) and Estonia ($X), with a combined 97% share of total exports.

Sweden, with a CAGR of +22.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average ethyl acetate export price stood at $X per ton in 2021, rising by 17% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Estonia ($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 Estonia (-4.2%), while the prices for the other major destinations experienced a decline.

Ethyl Acetate Imports

Imports into Finland

After two years of decline, purchases abroad of ethyl acetate increased by 26% to X tons in 2021. Over the period under review, imports, however, saw a deep downturn. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ethyl acetate imports soared to $X in 2021. In general, imports, however, continue to indicate a mild setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of ethyl acetate imports to Finland, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +16.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest ethyl acetate suppliers to Finland were Sweden ($X), Belgium ($X) and the Netherlands ($X), together comprising 97% of total imports.

Among the main suppliers, Belgium, with a CAGR of +21.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average ethyl acetate import price stood at $X per ton in 2021, with an increase of 96% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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