Finland: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Finland

The Finnish tall oil fatty acids market reduced rapidly to $X in 2021, shrinking by -35.1% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Industrial Tall Oil Fatty Acids in Finland

In value terms, tall oil fatty acids production declined sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2013 when the production volume increased by 21% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports from Finland

For the third consecutive year, Finland recorded growth in overseas shipments of industrial tall oil fatty acids, which increased by 10% to X tons in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 42% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, tall oil fatty acids exports rose notably to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Sweden (X tons) and Japan (X tons) were the main destinations of tall oil fatty acids exports from Finland, with a combined 36% 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 Japan (with a CAGR of +403.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Sweden ($X) and Germany ($X) were the largest markets for tall oil fatty acids exported from Finland worldwide, with a combined 42% share of total exports. These countries were followed by Italy, Russia, Poland, Japan, Belgium, Malaysia, Turkey, the United Arab Emirates, China and Mexico, which together accounted for a further 39%.

Japan, with a CAGR of +386.8%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2021, the average tall oil fatty acids export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price showed a slight downturn. The most prominent rate of growth was recorded in 2015 an increase of 52%. The export price peaked 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 the Netherlands ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Netherlands (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Tall Oil Fatty Acids

Imports into Finland

In 2021, purchases abroad of industrial tall oil fatty acids increased by 209% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, saw a abrupt downturn. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, tall oil fatty acids imports surged to $X in 2021. In general, imports, however, saw a deep contraction. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest tall oil fatty acids supplier to Finland, with a 65% share of total imports. Moreover, tall oil fatty acids imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at -23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.6% per year) and the Netherlands (+4.4% per year).

In value terms, France ($X), Italy ($X) and the Netherlands ($X) constituted the largest tall oil fatty acids suppliers to Finland, together comprising 95% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +39.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average tall oil fatty acids import price amounted to $X per ton, falling by -12.7% against the previous year. In general, the import price, however, showed a pronounced increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 111% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+49.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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