Finland: Polyethylene Binder Market 2024

Polyethylene Binder Market Size in Finland

In 2022, after three years of growth, there was significant decline in the Finnish polyethylene binder market, when its value decreased by -40.3% to $X. Overall, consumption, however, recorded a remarkable increase. Polyethylene binder consumption peaked at $X in 2021, and then dropped markedly in the following year.

Polyethylene Binder Production in Finland

In value terms, polyethylene binder production soared to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 88% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Polyethylene Binder Exports

Exports from Finland

Polyethylene binder exports from Finland amounted to X tons in 2022, standing approx. at the year before. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 24%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polyethylene binder exports amounted to $X in 2022. In general, exports enjoyed modest growth. The growth pace was the most rapid in 2013 with an increase of 30%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ukraine (X tons), Germany (X tons) and Australia (X tons) were the main destinations of polyethylene binder exports from Finland, with a combined 50% share of total exports. The Netherlands, Lithuania, France, Denmark, New Zealand, Switzerland, Hungary, Belgium and Sweden lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +107.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene binder exported from Finland were Ukraine ($X), Germany ($X) and Australia ($X), together accounting for 51% of total exports. The Netherlands, France, Lithuania, Denmark, New Zealand, Switzerland, Hungary, Belgium and Sweden lagged somewhat behind, together accounting for a further 47%.

Denmark, with a CAGR of +108.4%, recorded the highest rates of growth with regard to 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 2022, the average polyethylene binder export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price enjoyed a mild increase. The most prominent rate of growth was recorded in 2013 an increase of 4.5% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Sweden ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Binder Imports

Imports into Finland

Polyethylene binder imports into Finland soared to X tons in 2022, increasing by 44% compared with 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 248%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, polyethylene binder imports soared to $X in 2022. In general, imports continue to indicate slight growth. The pace of growth was the most pronounced in 2019 with an increase of 133%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of polyethylene binder to Finland, accounting for a 61% share of total imports. Moreover, polyethylene binder imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Sweden (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic stood at +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.2% per year) and Sweden (+77.9% per year).

In value terms, the Czech Republic ($X), Poland ($X) and Sweden ($X) constituted the largest polyethylene binder suppliers to Finland, with a combined 95% share of total imports.

Sweden, with a CAGR of +54.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyethylene binder import price stood at $X per ton in 2022, reducing by -2.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 63% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+37.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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