Finland: Graphite Market 2024

Graphite Market Size in Finland

The Finnish graphite market stood at $X in 2021, approximately mirroring the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by 0.8%. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Graphite Production in Finland

In value terms, graphite production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 0.5%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Graphite Exports

Exports from Finland

In 2021, the amount of graphite (natural) exported from Finland fell modestly to X tons, leveling off at 2020. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 1,056%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, graphite exports fell sharply to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 1,140% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons), Canada (X tons) and Russia (X kg) were the main destinations of graphite exports from Finland, with a combined 93% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +245.3%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) emerged as the key foreign market for graphite exports from Finland, comprising 79% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports. It was followed by Russia, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Bulgaria stood at +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Russia (+21.8% per year).

Export Prices by Country

The average graphite export price stood at $X per ton in 2021, waning by -43.9% against the previous year. In general, the export price saw a abrupt slump. The growth pace was the most rapid in 2017 an increase of 33%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Canada ($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 Iran (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Graphite Imports

Imports into Finland

Graphite imports into Finland surged to X tons in 2021, growing by 55% against the previous year. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 375% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, graphite imports surged to $X in 2021. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 204% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest graphite supplier to Finland, accounting for a 86% share of total imports. Moreover, graphite imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +407.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.8% per year) and the UK (+8.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of graphite to Finland, comprising 70% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +472.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.8% per year) and the UK (+13.9% per year).

Import Prices by Country

The average graphite import price stood at $X per ton in 2021, growing by 5.8% against the previous year. Overall, the import price, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 38%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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