Finland: Market for Extruded Solid Rubber Rods And Profiles 2025

Market Size for Extruded Solid Rubber Rods And Profiles in Finland

In 2022, after two years of growth, there was significant decline in the Finnish extruded solid rubber rod market, when its value decreased by -20.3% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Extruded Solid Rubber Rods And Profiles in Finland

In value terms, extruded solid rubber rod production contracted dramatically to $X in 2022 estimated in export price. In general, production showed a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 28%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Finland

In 2022, extruded solid rubber rod exports from Finland contracted notably to X tons, shrinking by -20.7% against 2021 figures. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, extruded solid rubber rod exports dropped to $X in 2022. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Norway (X tons) and Estonia (X tons) were the main destinations of extruded solid rubber rod exports from Finland, together accounting for 62% of total exports. Sweden, Germany, France, Canada, Belgium, Poland, Latvia, Brazil, the Netherlands and Denmark lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +76.7%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Norway ($X) and Sweden ($X) constituted the largest markets for extruded solid rubber rod exported from Finland worldwide, together comprising 52% of total exports. Estonia, Poland, Germany, France, Belgium, Canada, Brazil, the Netherlands, Latvia and Denmark lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, Canada, with a CAGR of +70.9%, saw 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

The average extruded solid rubber rod export price stood at $X per ton in 2022, picking up by 9.9% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extruded solid rubber rod export price increased by +49.7% against 2016 indices. The growth pace was the most rapid in 2013 when the average export price increased by 34%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Canada ($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 (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Finland

In 2022, overseas purchases of extruded solid rubber rods and profiles decreased by -15.2% to X tons, falling for the second year in a row after four years of growth. Overall, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2014 when imports increased by 28%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, extruded solid rubber rod imports reduced rapidly to $X in 2022. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X tons), Slovakia (X tons) and Italy (X tons) were the main suppliers of extruded solid rubber rod imports to Finland, together accounting for 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +120.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded solid rubber rod suppliers to Finland were Germany ($X), Slovakia ($X) and the Czech Republic ($X), together accounting for 68% of total imports.

The Czech Republic, with a CAGR of +122.6%, recorded 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 extruded solid rubber rod import price stood at $X per ton in 2022, which is down by -2.5% against the previous year. Overall, the import price showed a slight reduction. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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