Finland: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Finland

After two years of decline, the Finnish oxygen-function amino-compound market increased by 36% to $X in 2021. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Oxygen-Function Amino-Compound Production in Finland

In value terms, oxygen-function amino-compound production contracted sharply to $X in 2021 estimated in export price. In general, production continues to indicate a dramatic contraction. The growth pace was the most rapid in 2020 when the production volume increased by 733%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Oxygen-Function Amino-Compound Exports

Exports from Finland

In 2021, after two years of growth, there was significant decline in overseas shipments of oxygen-function amino-compounds, when their volume decreased by -37.5% to X tons. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2017 when exports increased by 146% 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, oxygen-function amino-compound exports surged to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 33%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for oxygen-function amino-compound exports from Finland, with a 65% share of total exports. Moreover, oxygen-function amino-compound exports to Germany exceeded the volume sent to the second major destination, Russia (X tons), eightfold. The third position in this ranking was held by Croatia (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-27.9% per year) and Croatia (-3.4% per year).

In value terms, Sweden ($X), the United States ($X) and Croatia ($X) constituted the largest markets for oxygen-function amino-compound exported from Finland worldwide, together comprising 48% of total exports. These countries were followed by Canada, Germany, Poland, Russia, Estonia, Denmark and Latvia, which together accounted for a further 8%.

Denmark, with a CAGR of +88.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average oxygen-function amino-compound export price amounted to $X per ton, picking up by 86% against the previous year. In general, the export price posted prominent growth. The growth pace was the most rapid in 2018 an increase of 275%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, 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 Sweden (+156.1%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into Finland

In 2021, supplies from abroad of oxygen-function amino-compounds was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, oxygen-function amino-compound imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Sweden (X tons) were the main suppliers of oxygen-function amino-compound imports to Finland, together comprising 82% 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 +63.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxygen-function amino-compound suppliers to Finland were Belgium ($X), China ($X) and the Netherlands ($X), with a combined 63% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +50.4%, saw the highest rates of growth with regard to 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 oxygen-function amino-compound import price amounted to $X per ton, with an increase of 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2020 an increase of 21%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the near future.

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 the UK ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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