Finland: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Finland

The Finnish market for prepared glues and other prepared adhesives reached $X in 2021, approximately reflecting the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Finland

In value terms, production of prepared glues and other prepared adhesives surged to $X in 2021 estimated in export price. Overall, production saw a perceptible shrinkage. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Finland

In 2021, exports of prepared glues and other prepared adhesives from Finland surged to X tons, picking up by 15% compared with the year before. In general, exports continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 158%. The exports peaked at X tons in 2013; afterwards, it flattened through to 2021.

In value terms, exports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Estonia (X tons) and Poland (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Finland, together accounting for 53% of total exports. These countries were followed by Sweden, Lithuania, Ukraine and Latvia, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +21.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared glues and other prepared adhesives exported from Finland were Russia ($X), Estonia ($X) and Poland ($X), with a combined 46% share of total exports. Sweden, Latvia, Lithuania and Ukraine lagged somewhat behind, together accounting for a further 34%.

Lithuania, with a CAGR of +20.5%, 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

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 155% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per ton) and Latvia ($X per ton), while the average price for exports to Poland ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Finland

In 2021, overseas purchases of prepared glues and other prepared adhesives increased by 4.5% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +110.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 101% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of prepared glues and other prepared adhesives soared to $X in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Finland, with a combined 71% share of total imports. These countries were followed by the Netherlands, Denmark, the UK, Japan and France, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +56.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives suppliers to Finland were Germany ($X), Sweden ($X) and Belgium ($X), with a combined 67% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +24.9%, 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

In 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, increasing by 15% against the previous year. In general, the import price saw a noticeable expansion. The most prominent rate of growth was recorded in 2019 an increase of 92%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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 Japan ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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