Finland: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Finland

The Finnish market for refractory products of siliceous or diatomite earths skyrocketed to $X in 2021, increasing by 40% against the previous year. Over the period under review, consumption recorded a significant increase. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Production of Refractory Products of Siliceous or Diatomite Earths in Finland

In value terms, production of refractory products of siliceous or diatomite earths dropped rapidly to $X in 2021 estimated in export price. In general, production, however, saw a dramatic decrease. The pace of growth appeared the most rapid in 2020 with an increase of 245%. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports from Finland

After two years of growth, overseas shipments of refractory products of siliceous or diatomite earths decreased by -11.5% to X tons in 2021. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of 48,841% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2020, and then shrank in the following year.

In value terms, exports of refractory products of siliceous or diatomite earths skyrocketed to $X in 2021. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 45,869%. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for exports of refractory products of siliceous or diatomite earths from Finland, with a 81% share of total exports. Moreover, exports of refractory products of siliceous or diatomite earths to Sweden exceeded the volume sent to the second major destination, Russia (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +69.2%.

In value terms, Sweden ($X) remains the key foreign market for refractory products of siliceous or diatomite earths exports from Finland, comprising 99% of total exports. The second position in the ranking was held by Russia ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +189.6%.

Export Prices by Country

The average export price for refractory products of siliceous or diatomite earths stood at $X per ton in 2021, increasing by 38% against the previous year. Overall, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+71.2%).

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports into Finland

In 2021, approx. X tons of refractory products of siliceous or diatomite earths were imported into Finland; waning by -3.6% against the previous year's figure. In general, imports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2017 with an increase of 177% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of refractory products of siliceous or diatomite earths amounted to $X in 2021. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 172%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of refractory products of siliceous or diatomite earths to Finland, accounting for a 50% share of total imports. Moreover, imports of refractory products of siliceous or diatomite earths from Denmark exceeded the figures recorded by the second-largest supplier, Estonia (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark totaled -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+110.1% per year) and Spain (0.0% per year).

In value terms, Estonia ($X) constituted the largest supplier of refractory products of siliceous or diatomite earths to Finland, comprising 41% of total imports. The second position in the ranking was held by Denmark ($X), with a 20% share of total imports. It was followed by Norway, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Estonia totaled +83.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-8.5% per year) and Norway (+87.8% per year).

Import Prices by Country

The average import price for refractory products of siliceous or diatomite earths stood at $X per ton in 2021, surging by 9.7% against the previous year. Overall, the import price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 an increase of 153% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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