Finland: Other Chemical Products Market 2024

Other Chemical Products Market Size in Finland

The Finnish other chemical products market reduced modestly to $X in 2022, with a decrease of -2% against the previous year. Overall, consumption showed a mild contraction. Other chemical products consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Production in Finland

In value terms, other chemical products production contracted sharply to $X in 2022 estimated in export price. In general, production continues to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 16%. Other chemical products production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Other Chemical Products Exports

Exports from Finland

In 2016, exports of other chemical products from Finland reached X tons, surging by 15% compared with 2015. The total export volume increased at an average annual rate of +8.3% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. Over the period under review, the exports attained the maximum in 2016 and are expected to retain growth in years to come.

In value terms, other chemical products exports expanded notably to $X in 2016. The total export value increased at an average annual rate of +5.5% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 24%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2016, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Sweden (X tons) and Mexico (X tons) were the main destinations of other chemical products exports from Finland, with a combined 20% share of total exports. Spain, the UK, Poland, Estonia, Latvia, Italy and Denmark lagged somewhat behind, together accounting for a further 4.8%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +41.2%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for other chemical products exports from Finland, comprising 9.1% of total exports. The second position in the ranking was held by Sweden ($X), with a 4.2% share of total exports. It was followed by the UK, with a 2.6% share.

From 2012 to 2016, the average annual rate of growth in terms of value to Russia amounted to -22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-27.1% per year) and the UK (+28.7% per year).

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2016, shrinking by -2.8% against the previous year. In general, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2016, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Finland

In 2016, overseas purchases of other chemical products increased by 57% to X tons for the first time since 2013, thus ending a two-year declining trend. Overall, imports posted a moderate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products imports fell to $X in 2016. In general, imports, however, showed a deep reduction. Imports peaked at $X in 2012; however, from 2013 to 2016, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and France (X tons) were the main suppliers of other chemical products imports to Finland, together accounting for 19% of total imports. The Czech Republic, the UK, Poland, Denmark and Norway lagged somewhat behind, together comprising a further 3.5%.

From 2013 to 2016, the biggest increases were recorded for Norway (with a CAGR of +1,923.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of other chemical products to Finland, comprising 9.9% of total imports. The second position in the ranking was held by Sweden ($X), with a 4% share of total imports. It was followed by the UK, with a 2.2% share.

From 2013 to 2016, the average annual rate of growth in terms of value from Germany stood at -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-0.5% per year) and the UK (+2.1% per year).

Import Prices by Country

In 2016, the average other chemical products import price amounted to $X per ton, with a decrease of -43.3% against the previous year. Overall, the import price recorded a significant contraction. The pace of growth was the most pronounced in 2015 when the average import price decreased by -4.6% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2016, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2013 to 2016, the most notable rate of growth in terms of prices was attained by the UK (+10.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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