Finland: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Finland

The Finnish magnesium hydroxide and peroxide market fell notably to $X in 2022, with a decrease of -23.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a significant increase. Magnesium hydroxide and peroxide consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Finland

Magnesium hydroxide and peroxide exports from Finland amounted to X tons in 2022, growing by 10% on 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,271% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 867%. The exports peaked 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 magnesium hydroxide and peroxide exports from Finland, accounting for a 96% share of total exports. Moreover, magnesium hydroxide and peroxide exports to Sweden exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +39.1%.

In value terms, the largest markets for magnesium hydroxide and peroxide exported from Finland were Sweden ($X) and Turkey ($X).

Among the main countries of destination, Sweden, with a CAGR of +20.2%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average magnesium hydroxide and peroxide export price amounted to $X per ton, picking up by 10% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 an increase of 168%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Finland

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were imported into Finland; declining by -17.8% on the previous year. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 238%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide imports dropped remarkably to $X in 2022. Overall, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 131%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of magnesium hydroxide and peroxide to Finland, with a 70% share of total imports. Moreover, magnesium hydroxide and peroxide imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Norway (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to +145.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+79.3% per year) and Norway (+74.2% per year).

In value terms, Sweden ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Finland, comprising 65% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports. It was followed by the United States, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at +119.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+44.0% per year) and the United States (-2.8% per year).

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, with a decrease of -15.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+94.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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