Finland: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Finland

The Finnish natural rubber and gum market rose significantly to $X in 2022, with an increase of 8.9% against the previous year. In general, consumption, however, showed a mild expansion. Natural rubber and gum consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Natural Rubber And Gums in Finland

In value terms, natural rubber and gum production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average yield of natural rubber and gums in Finland was estimated at less than X kg per ha, approximately reflecting the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of natural rubber and gums in Finland totaled less than X ha, flattening at the year before. Overall, the harvested area showed a relatively flat trend pattern.

Exports of Natural Rubber And Gums

Exports from Finland

In 2022, natural rubber and gum exports from Finland skyrocketed to X tons, jumping by 75% on 2021 figures. In general, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 2,529% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, natural rubber and gum exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,563% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X kg), the United States (X kg) and Vietnam (X kg) were the main destinations of natural rubber and gum exports from Finland, with a combined 61% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +155.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for natural rubber and gums exports from Finland, comprising 62% of total exports. The second position in the ranking was taken by Norway ($X), with an 11% share of total exports. It was followed by Latvia, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +54.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+157.1% per year) and Latvia (+12.7% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, growing by 74% against the previous year. Overall, the export price, however, saw a noticeable contraction. The growth pace was the most rapid in 2014 an increase of 124% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 China (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Natural Rubber And Gums

Imports into Finland

After two years of growth, supplies from abroad of natural rubber and gums decreased by -8.2% to X tons in 2022. In general, imports showed a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of 114% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, natural rubber and gum imports surged to $X in 2022. Overall, imports, however, continue to indicate temperate growth. The pace of growth was the most pronounced in 2020 when imports increased by 104% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Sweden (X tons), Denmark (X tons) and the Netherlands (X tons) were the main suppliers of natural rubber and gum imports to Finland, together accounting for 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +105.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural rubber and gum suppliers to Finland were Denmark ($X), Sweden ($X) and China ($X), together comprising 66% of total imports.

Denmark, with a CAGR of +87.9%, 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

The average natural rubber and gum import price stood at $X per ton in 2022, rising by 36% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 45%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Italy (+42.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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