Finland: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Finland

In 2022, the Finnish aromatic hydrocarbon mixtures market increased by 44% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Aromatic Hydrocarbon Mixtures Production in Finland

In value terms, aromatic hydrocarbon mixtures production surged to $X in 2022 estimated in export price. In general, production enjoyed a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Aromatic Hydrocarbon Mixtures Exports

Exports from Finland

In 2022, approx. X tons of naphthalene and other aromatic hydrocarbon mixtures were exported from Finland; jumping by 41% on the previous year's figure. In general, exports recorded significant growth. The growth pace was the most rapid in 2015 when exports increased by 106,442%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures exports soared to $X in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 57,565%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Finland, with a 70% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+44.4% per year) and the United States (+298.1% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Finland, comprising 65% of total exports. The second position in the ranking was held by Belgium ($X), with a 20% share of total exports. It was followed by the United States, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+61.6% per year) and the United States (+229.9% per year).

Export Prices by Country

The average aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, surging by 48% against the previous year. Overall, the export price, however, recorded a abrupt setback. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Estonia ($X per ton), while the average price for exports to Lithuania ($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 Estonia (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbon Mixtures Imports

Imports into Finland

In 2022, purchases abroad of naphthalene and other aromatic hydrocarbon mixtures decreased by -96.5% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports showed a sharp slump. The most prominent rate of growth was recorded in 2016 when imports increased by 231%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures imports shrank remarkably to $X in 2022. In general, imports recorded a dramatic downturn. The growth pace was the most rapid in 2019 with an increase of 126%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to Finland, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of -2.8%), while purchases for the other leaders experienced a decline.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) were the largest aromatic hydrocarbon mixtures suppliers to Finland, together accounting for 99% of total imports.

Germany, with a CAGR of -1.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average aromatic hydrocarbon mixtures import price amounted to $X per ton, with an increase of 103% against the previous year. Over the period under review, the import price recorded a tangible increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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