Finland: Polycarbonate Market 2024

Polycarbonate Market Size in Finland

For the third year in a row, the Finnish polycarbonate market recorded growth in sales value, which increased by 19% to $X in 2022. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +96.3% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Polycarbonate Production in Finland

In value terms, polycarbonate production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 144% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Polycarbonate Exports

Exports from Finland

In 2022, polycarbonate exports from Finland skyrocketed to X tons, increasing by 85% against the year before. Over the period under review, exports, however, showed a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of 144% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, polycarbonate exports surged to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 144% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tons) was the main destination for polycarbonate exports from Finland, with a 58% share of total exports. Moreover, polycarbonate exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), twofold. The third position in this ranking was held by Austria (X tons), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania totaled +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-10.3% per year) and Austria (+120.6% per year).

In value terms, Lithuania ($X), Estonia ($X) and Austria ($X) were the largest markets for polycarbonate exported from Finland worldwide, with a combined 87% share of total exports.

Austria, with a CAGR of +75.2%, saw the highest growth rate of the value of exports, in terms of 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 2022, the average polycarbonate export price amounted to $X per ton, with a decrease of -17.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarbonate Imports

Imports into Finland

Polycarbonate imports into Finland soared to X tons in 2022, rising by 31% compared with 2021 figures. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polycarbonate imports surged to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +113.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of polycarbonate imports to Finland, with a combined 69% share of total imports. Sweden, Italy, Poland and South Korea lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarbonate suppliers to Finland were the Netherlands ($X), Spain ($X) and Germany ($X), together accounting for 66% of total imports. Sweden, Italy, Poland and South Korea lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Sweden, with a CAGR of +12.3%, 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

The average polycarbonate import price stood at $X per ton in 2022, waning by -7.4% against the previous year. Overall, the import price saw a mild downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Sweden ($X per ton), while the price for the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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