Finland: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Finland

The Finnish heterocyclic compound market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption showed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Heterocyclic Compound Production in Finland

In value terms, heterocyclic compound production contracted dramatically to $X in 2022 estimated in export price. In general, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Heterocyclic compound production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Heterocyclic Compound Exports

Exports from Finland

In 2022, after two years of growth, there was significant decline in shipments abroad of heterocyclic compounds, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, heterocyclic compound exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X tons), France (X tons) and Portugal (X tons) were the main destinations of heterocyclic compound exports from Finland, with a combined X% share of total exports.

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

In value terms, France ($X) emerged as the key foreign market for heterocyclic compounds exports from Finland, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Portugal (X% per year).

Export Prices by Country

In 2022, the average heterocyclic compound export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price posted prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X,967 per ton), while the average price for exports to Switzerland ($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 Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Heterocyclic Compound Imports

Imports into Finland

In 2022, supplies from abroad of heterocyclic compounds decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, heterocyclic compound imports contracted dramatically to $X in 2022. In general, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of heterocyclic compound to Finland, with a X% share of total imports. Moreover, heterocyclic compound imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

In value terms, Sweden ($X), Denmark ($X) and Germany ($X) constituted the largest heterocyclic compound suppliers to Finland, with a combined X% share of total imports. China, Italy, Belgium, France, India and the United States lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest growth rate of 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 heterocyclic compound import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price showed a buoyant increase. 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 2022, amid the top importers, the country with the highest price was Sweden ($X,564 per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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