Finland: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Finland

The Finnish medical gel preparations market contracted to $X in 2022, declining by -14.8% against the previous year. In general, consumption saw a abrupt slump. Medical gel preparations consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Production in Finland

In value terms, medical gel preparations production rose significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Medical Gel Preparations Exports

Exports from Finland

In 2022, exports of gel preparations for human or veterinary medicine from Finland soared to X tons, growing by 72% compared with 2021 figures. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 780%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, medical gel preparations exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 370%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for medical gel preparations exports from Finland, accounting for a 91% share of total exports. Moreover, medical gel preparations exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +91.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+29.3% per year) and the United Arab Emirates (-37.4% per year).

In value terms, the United Arab Emirates ($X), Sweden ($X) and Estonia ($X) were the largest markets for medical gel preparations exported from Finland worldwide, together comprising 56% of total exports.

Sweden, with a CAGR of +95.0%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average medical gel preparations export price amounted to $X per ton, which is down by -31.5% against the previous year. In general, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 66% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+77.6%), while the prices for the other major destinations experienced mixed trend patterns.

Medical Gel Preparations Imports

Imports into Finland

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into Finland; falling by -13.1% compared with the previous year. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, medical gel preparations imports rose sharply to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of medical gel preparations to Finland, with a 50% share of total imports. Moreover, medical gel preparations imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.0% per year) and France (+98.2% per year).

In value terms, the United States ($X), France ($X) and Sweden ($X) appeared to be the largest medical gel preparations suppliers to Finland, with a combined 68% share of total imports.

Among the main suppliers, France, with a CAGR of +98.0%, saw the highest rates of growth with regard to 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 2022, the average medical gel preparations import price amounted to $X per ton, jumping by 30% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 31%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+37.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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