Finland: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Finland

The Finnish polypropylene in primary forms market shrank sharply to $X in 2022, which is down by -28.3% against the previous year. In general, consumption saw a deep setback. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Polypropylene in Primary Forms in Finland

In value terms, polypropylene in primary forms production contracted sharply to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. As a result, production attained the peak level of $X, and then declined markedly in the following year.

Exports of Polypropylene in Primary Forms

Exports from Finland

In 2022, overseas shipments of polypropylene in primary forms decreased by -12.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed strong growth. The growth pace was the most rapid in 2013 with an increase of 524% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, polypropylene in primary forms exports shrank remarkably to $X in 2022. In general, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 506% against the previous year. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and Sweden (X tons) were the main destinations of polypropylene in primary forms exports from Finland, together accounting for 42% of total exports. Austria, the Czech Republic, the UK, Turkey, Serbia, Belgium, Switzerland, Norway, China and Poland lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +62.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for polypropylene in primary forms exports from Finland, comprising 23% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by Sweden, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+33.3% per year) and Sweden (+29.6% per year).

Export Prices by Country

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, with a decrease of -9.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 61% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Poland ($X per ton), while the average price for exports to Belgium ($X per ton) and Switzerland ($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 Poland (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Finland

In 2022, supplies from abroad of polypropylene in primary forms decreased by -18.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polypropylene in primary forms imports dropped significantly to $X in 2022. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of polypropylene in primary forms to Finland, with a 25% share of total imports. Moreover, polypropylene in primary forms imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by Austria (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-12.2% per year) and Austria (+5.6% per year).

In value terms, Germany ($X), Belgium ($X) and Denmark ($X) were the largest polypropylene in primary forms suppliers to Finland, with a combined 47% share of total imports. Austria, Sweden, the UK, the Netherlands, Saudi Arabia, Italy, France, Russia, Spain and the United States lagged somewhat behind, together comprising a further 47%.

Among the main suppliers, Russia, with a CAGR of +43.2%, 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 2022, the average polypropylene in primary forms import price amounted to $X per ton, with a decrease of -6.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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