Finland: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Finland

In 2021, after two years of decline, there was significant growth in the Finnish industrial monocarboxylic fatty acids market, when its value increased by 38% to $X. Over the period under review, consumption posted a significant increase. Industrial monocarboxylic fatty acids consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Finland

In 2021, exports of industrial monocarboxylic fatty acids from Finland surged to X tons, rising by 3,348% on 2020 figures. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 39,066% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. Overall, exports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 82,926%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for industrial monocarboxylic fatty acids exports from Finland, accounting for a 70% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to the United Arab Emirates exceeded the volume sent to the second major destination, Sweden (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +67.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-26.8% per year) and Germany (-19.3% per year).

In value terms, the United Arab Emirates ($X), Sweden ($X) and Germany ($X) were the largest markets for industrial monocarboxylic fatty acids exported from Finland worldwide, together accounting for 99.9% of total exports.

The United Arab Emirates, with a CAGR of +64.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, picking up by 10% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 181%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($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 Germany (+28.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Finland

In 2021, purchases abroad of industrial monocarboxylic fatty acids increased by 9.1% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 1,524%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2021. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 1,117%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest industrial monocarboxylic fatty acids supplier to Finland, accounting for a 82% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Indonesia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled +68.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+48.5% per year) and Malaysia (+2.8% per year).

In value terms, Indonesia ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Finland, comprising 80% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 5.1% share of total imports. It was followed by Sweden, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia stood at +67.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+37.3% per year) and Sweden (-2.1% per year).

Import Prices by Country

In 2021, the average industrial monocarboxylic fatty acids import price amounted to $X per ton, growing by 37% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Denmark ($X per ton) and Sweden ($X per ton), while the price for the Netherlands ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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