Finland: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Finland

The Finnish market for inorganic oxygen compounds of non-metals expanded markedly to $X in 2021, surging by 8% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.2% against 2019 indices. Inorganic oxygen compounds of non-metals consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Inorganic Oxygen Compounds Of Non-Metals in Finland

In value terms, inorganic oxygen compounds of non-metals production soared to $X in 2021 estimated in export price. Overall, production, however, saw a significant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 635% against the previous year. Over the period under review, production hit record highs in 2021 and is likely to continue growth in the immediate term.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Finland

Inorganic oxygen compounds of non-metals exports from Finland soared to X kg in 2021, growing by 1,210% compared with 2020 figures. Over the period under review, exports, however, saw a dramatic curtailment. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals exports soared to $X in 2021. Overall, exports, however, recorded a sharp reduction. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

China (X kg) was the main destination for inorganic oxygen compounds of non-metals exports from Finland, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -85.4%.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -69.8%.

Export Prices by Country

In 2021, the average export price for inorganic oxygen compounds of non-metals amounted to $X per ton, declining by -4.2% against the previous year. Over the period under review, the export price saw a deep setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +106.6% per year.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Finland

In 2021, overseas purchases of inorganic oxygen compounds of non-metals increased by 81% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 99.9%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals imports rose modestly to $X in 2021. In general, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -37.7% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons), Morocco (X tons) and Belgium (X tons) were the main suppliers of inorganic oxygen compounds of non-metals imports to Finland, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +200.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Morocco ($X) and Belgium ($X) constituted the largest inorganic oxygen compounds of non-metals suppliers to Finland, with a combined 85% share of total imports.

Belgium, with a CAGR of +153.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for inorganic oxygen compounds of non-metals amounted to $X per ton, reducing by -43.9% against the previous year. Over the period under review, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 95% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (-5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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