Finland: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Finland

In 2022, the Finnish reaction initiators and accelerators market increased by 31% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption enjoyed a resilient increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Finland

In value terms, reaction initiators and accelerators production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2013 when the production volume increased by 111% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Finland

In 2022, overseas shipments of reaction initiators, reaction accelerators and catalytic preparations increased by 4.7% to X tons, rising for the seventh consecutive year after two years of decline. Overall, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.1% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of 17% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, reaction initiators and accelerators exports dropped slightly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 42%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons), Estonia (X tons) and Austria (X tons) were the main destinations of reaction initiators and accelerators exports from Finland, together accounting for 61% of total exports. Poland, Sweden, the United Arab Emirates, Russia and France lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +43.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for reaction initiators and accelerators exported from Finland were Austria ($X), Sweden ($X) and Estonia ($X), together comprising 48% of total exports. The United Arab Emirates, Latvia, Poland, Russia and France lagged somewhat behind, together accounting for a further 25%.

The United Arab Emirates, with a CAGR of +60.4%, recorded the highest rates of growth with regard to 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 reaction initiators and accelerators export price amounted to $X per ton, declining by -8.7% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to France ($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 the United Arab Emirates (+12.1%), while the prices for the other major destinations experienced a decline.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Finland

In 2022, reaction initiators and accelerators imports into Finland skyrocketed to X tons, growing by 87% on 2021 figures. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, 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.

In value terms, reaction initiators and accelerators imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Germany (X tons) and France (X tons) were the main suppliers of reaction initiators and accelerators imports to Finland, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +13.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest reaction initiators and accelerators suppliers to Finland were the United States ($X), Germany ($X) and the Netherlands ($X), with a combined 84% share of total imports.

Germany, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average reaction initiators and accelerators import price stood at $X per ton in 2022, waning by -16.2% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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