Finland: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Finland

The Finnish organo-inorganic compounds market stood at $X in 2021, with an increase of 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.6% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Organo-Inorganic Compounds Exports

Exports from Finland

In 2021, shipments abroad of organo-inorganic compounds (excluding organo-sulphur compounds) decreased by -9.1% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 81% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, organo-inorganic compounds exports expanded notably to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 76%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for organo-inorganic compounds exports from Finland, with a 47% share of total exports. Moreover, organo-inorganic compounds exports to Austria exceeded the volume sent to the second major destination, Russia (X tons), threefold. The third position in this ranking was taken by Estonia (X tons), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Austria amounted to +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-35.6% per year) and Estonia (+59.5% per year).

In value terms, the largest markets for organo-inorganic compounds exported from Finland were Austria ($X), Russia ($X) and Belgium ($X), with a combined 85% share of total exports. India, the United States, Estonia, the UK, Sweden and the Netherlands lagged somewhat behind, together accounting for a further 12%.

Among the main countries of destination, India, with a CAGR of +268.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average organo-inorganic compounds export price stood at $X per ton in 2021, surging by 26% against the previous year. Over the period under review, the export price showed prominent growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 114% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($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 Belgium (+47.4%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into Finland

In 2021, supplies from abroad of organo-inorganic compounds (excluding organo-sulphur compounds) increased by 6.6% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% 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 increased by +42.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 33%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, organo-inorganic compounds imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest organo-inorganic compounds supplier to Finland, with a 59% share of total imports. Moreover, organo-inorganic compounds imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.6% per year) and the Netherlands (+14.7% per year).

In value terms, Germany ($X) constituted the largest supplier of organo-inorganic compounds (excluding organo-sulphur compounds) to Finland, comprising 38% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+0.9% per year) and China (+29.1% per year).

Import Prices by Country

In 2021, the average organo-inorganic compounds import price amounted to $X per ton, rising by 4.3% against the previous year. Overall, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Canada ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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