Finland: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Finland

In 2022, after two years of decline, there was significant growth in the Finnish salts of acetic acid market, when its value increased by 8.7% to $X. Overall, consumption, however, continues to indicate a abrupt decrease. Salts of acetic acid consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Salts Of Acetic Acid in Finland

In value terms, salts of acetic acid production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a deep reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by 78%. Salts of acetic acid production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Salts Of Acetic Acid

Exports from Finland

For the third year in a row, Finland recorded growth in overseas shipments of salts of acetic acid, which increased by 62% to X tons in 2014. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, salts of acetic acid exports soared to $X in 2014. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons), France (X tons) and Germany (X tons) were the main destinations of salts of acetic acid exports from Finland, with a combined 57% share of total exports. The United States, Mexico, the UK, South Korea, Russia and Spain lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2014, 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 +489.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for salts of acetic acid exported from Finland were India ($X), the United States ($X) and Mexico ($X), together accounting for 59% of total exports. Germany, France, South Korea, the UK, Spain and Russia lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, the UK, with a CAGR of +306.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average salts of acetic acid export price stood at $X per ton in 2014, remaining stable against the previous year. In general, the export price, however, recorded a deep downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2014, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+72.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports into Finland

In 2016, purchases abroad of salts of acetic acid decreased by -4.2% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2014 when imports increased by 29%. As a result, imports attained the peak of X tons. From 2015 to 2016, the growth of imports remained at a somewhat lower figure.

In value terms, salts of acetic acid imports totaled $X in 2016. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2016, the growth of imports failed to regain momentum.

Imports by Country

The UK (X tons), Germany (X tons) and India (X tons) were the main suppliers of salts of acetic acid imports to Finland, together accounting for 73% of total imports. The Netherlands, the United States, Norway, Belgium and Canada lagged somewhat behind, together comprising a further 25%.

From 2012 to 2016, the biggest increases were recorded for the United States (with a CAGR of +407.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), Germany ($X) and India ($X) were the largest salts of acetic acid suppliers to Finland, with a combined 72% share of total imports. The Netherlands, the United States, Norway, Belgium and Canada lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, the United States, with a CAGR of +348.1%, recorded the highest growth rate of 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

The average salts of acetic acid import price stood at $X per ton in 2016, with an increase of 9.9% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2016: its price increased at an average annual rate of +13.5% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, salts of acetic acid import price increased by +66.5% against 2013 indices. The growth pace was the most rapid in 2015 when the average import price increased by 48% against the previous year. The import price peaked in 2016 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2016, amid the top importers, the countries with the highest prices were Canada ($X per ton) and Norway ($X per ton), while the price for the UK ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the UK (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :