Finland: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Finland

The Finnish sodium phosphates market surged to $X in 2021, jumping by 65% against the previous year. Overall, consumption, however, saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sodium Phosphates Production in Finland

In value terms, sodium phosphates production fell rapidly to $X in 2021 estimated in export price. In general, production saw a dramatic setback. Over the period under review, production attained the maximum level at $X in 2020, and then contracted significantly in the following year.

Sodium Phosphates Exports

Exports from Finland

In 2021, approx. X tons of phosphates of mono- or di-sodium were exported from Finland; which is down by -81.1% against 2020. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 20,056%. As a result, the exports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, sodium phosphates exports contracted markedly to $X in 2021. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 16,678%. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Sweden (X tons) was the main destination for sodium phosphates exports from Finland, with a 97% share of total exports. It was followed by Latvia (X kg), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to -81.6%.

In value terms, Sweden ($X) remains the key foreign market for phosphates of mono- or di-sodium exports from Finland, comprising 95% of total exports. The second position in the ranking was held by Latvia ($X), with a 2.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at -83.5%.

Export Prices by Country

The average sodium phosphates export price stood at $X per ton in 2021, reducing by -7.9% against the previous year. Over the period under review, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 115%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Sodium Phosphates Imports

Imports into Finland

In 2021, the amount of phosphates of mono- or di-sodium imported into Finland contracted rapidly to X tons, dropping by -50.2% compared with the year before. Overall, imports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 75%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, sodium phosphates imports declined significantly to $X in 2021. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 58%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest sodium phosphates supplier to Finland, accounting for a 51% share of total imports. Moreover, sodium phosphates imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.4% per year) and the Czech Republic (+1.5% per year).

In value terms, Sweden ($X), Poland ($X) and Germany ($X) appeared to be the largest sodium phosphates suppliers to Finland, together accounting for 84% of total imports.

Among the main suppliers, Poland, with a CAGR of +21.6%, recorded 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 sodium phosphates import price amounted to $X per ton, surging by 49% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of 54% against the previous year. The import price peaked 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 Belgium ($X per ton), while the price for Slovenia ($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 (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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