Finland: Natural Sand Market 2022

Natural Sand Market Size in Finland

The Finnish natural sand market fell modestly to $X in 2021, waning by -3.9% against the previous year. Over the period under review, consumption, however, showed a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Natural Sand Production in Finland

In value terms, natural sand production reduced to $X in 2021 estimated in export price. Overall, production showed a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 57%. Natural sand production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Natural Sand Exports

Exports from Finland

In 2021, approx. X tons of natural sands were exported from Finland; which is down by -68.7% against 2020. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 268%. As a result, the exports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, natural sand exports shrank notably to $X in 2021. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 396% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for natural sand exports from Finland, accounting for a 62% share of total exports. Moreover, natural sand exports to Sweden exceeded the volume sent to the second major destination, Russia (X tons), twofold. The third position in this ranking was taken by Latvia (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+58.7% per year) and Latvia (+10.4% per year).

In value terms, Sweden ($X) remains the key foreign market for natural sand exports from Finland, comprising 74% of total exports. The second position in the ranking was held by Russia ($X), with a 16% share of total exports. It was followed by Estonia, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+38.8% per year) and Estonia (+18.9% per year).

Export Prices by Country

The average natural sand export price stood at $X per ton in 2021, reducing by -51.1% against the previous year. In general, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 an increase of 70%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while the average price for exports to Latvia ($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 Estonia (+3.8%), while the prices for the other major destinations experienced a decline.

Natural Sand Imports

Imports into Finland

In 2021, purchases abroad of natural sands increased by 17% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 37%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, natural sand imports rose sharply to $X in 2021. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 -21.4% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 32% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Sweden (X tons) were the main suppliers of natural sand imports to Finland, together comprising 81% of total imports. These countries were followed by Denmark, which accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +64.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Belgium ($X) and the Netherlands ($X) were the largest natural sand suppliers to Finland, with a combined 72% share of total imports. Denmark lagged somewhat behind, comprising a further 15%.

In terms of the main suppliers, Denmark, with a CAGR of +45.7%, recorded the highest growth rate of the value of imports, 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 natural sand import price amounted to $X per ton, reducing by -3.3% against the previous year. In general, the import price, however, continues to indicate a pronounced expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 115%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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