Finland: Petroleum Market 2020

Petroleum Market Size in Finland

The revenue of the petroleum market in Finland amounted to $X in 2017, coming up by X% against the previous year. Overall, petroleum consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, when it surged by X% year-to-year. In that year, the petroleum market attained their peak level of $X. From 2013 to 2017, growth of the petroleum market failed to regain its momentum.

Petroleum Production in Finland

In 2017, approx. X tons of petroleum were produced in Finland; rising by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The growth pace was the most rapid in 2016, with an increase of X% against the previous year. Finland petroleum production peaked in 2017, and is expected to retain its growth in the immediate term.

Petroleum Exports from Finland

Petroleum exports from Finland amounted to X tons in 2017, going down by -X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. Finland exports peaked of X tons in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, petroleum exports amounted to $X in 2017. In general, petroleum exports continue to indicate a relatively flat trend pattern. Finland exports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Petroleum Exports by Country from Finland

In 2017, the U.S. (X tons), followed by Russia (X tons), Singapore (X tons), the Netherlands (X tons), South Korea (X tons) and India (X tons) were the major exporters of petroleum, together generating X% of total exports. China (X tons), Belgium (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Canada (X tons) and Malaysia (X tons) took the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum markets worldwide were the U.S. ($X), Russia ($X) and Singapore ($X), together accounting for X% of total exports.

In terms of the main exporting countries , the U.S. (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Finland

The petroleum export price in Finland stood at $X per ton in 2017, rising by X% against the previous year. In general, petroleum export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2017, when it surged by X% year-to-year. Over the period under review, the export prices for petroleum attained its maximum level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports into Finland

In 2017, approx. X tons of petroleum were imported into Finland; coming down by -X% against the previous year. Overall, petroleum imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when imports increased by X% y-o-y. In that year, the petroleum imports reached their peak volume of X tons. From 2014 to 2017, growth of the petroleum imports stood at a somewhat lower level.

In value terms, petroleum imports amounted to $X in 2017. Overall, petroleum imports continue to indicate a relatively flat trend pattern. Over the period under review, the petroleum imports attained its maximum level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Petroleum Imports by Country into Finland

The U.S. (X tons) and Singapore (X tons) represented roughly X% of total imports of petroleum in 2017. It was followed by the Netherlands (X tons), comprising X% share of total imports. Mexico (X tons), Belgium (X tons), Germany (X tons), Malaysia (X tons), France (X tons), China (X tons), the UK (X tons), Indonesia (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Singapore ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2017, together accounting for X% of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Finland lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries , Malaysia (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Finland

In 2017, the petroleum import price in Finland amounted to $X per ton, increasing by X% against the previous year. Overall, petroleum import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, an increase of X% against the previous year. Finland import price peaked of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in the UK ($X per ton) and Germany ($X per ton), while China ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform