Finland: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Finland

In 2022, after two years of growth, there was significant decline in the Finnish saturated acyclic monocarboxylic acids market, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Saturated Acyclic Monocarboxylic Acids in Finland

In value terms, saturated acyclic monocarboxylic acids production expanded notably to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Saturated acyclic monocarboxylic acids production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Finland

In 2022, shipments abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids exports surged to $X in 2022. Overall, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from Finland, with a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Italy (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for saturated acyclic monocarboxylic acids exports from Finland, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

The average saturated acyclic monocarboxylic acids export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, recorded a deep setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Finland

In 2022, after two years of growth, there was significant decline in overseas purchases of saturated acyclic monocarboxylic acids, when their volume decreased by X% to X tons. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids imports expanded to $X in 2022. Over the period under review, imports recorded a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Finland, with a combined X% share of total imports. Sweden, Russia, Indonesia, China, Denmark, Switzerland, the United States, Estonia, Malaysia and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Belgium ($X) appeared to be the largest saturated acyclic monocarboxylic acids suppliers to Finland, with a combined X% share of total imports. The Netherlands, Sweden, Russia, Denmark, China, Indonesia, Switzerland, Estonia, Malaysia and the UK lagged somewhat behind, together comprising a further X%.

Estonia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average saturated acyclic monocarboxylic acids import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Estonia ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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