Finland: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Finland

The Finnish scouring pastes and powders market contracted markedly to $X in 2021, which is down by -31.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt descent. Scouring pastes and powders consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Scouring Pastes And Powders

Exports from Finland

For the third consecutive year, Finland recorded growth in overseas shipments of scouring pastes and powders, which increased by 24% to X tons in 2021. In general, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 354% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, scouring pastes and powders exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 325%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Sweden (X tons), Russia (X tons) and Norway (X kg) were the main destinations of scouring pastes and powders exports from Finland, together comprising 93% of total exports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +81.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Russia ($X) and Norway ($X) constituted the largest markets for scouring pastes and powders exported from Finland worldwide, with a combined 96% share of total exports.

In terms of the main countries of destination, Norway, with a CAGR of +101.8%, saw the highest rates of growth with regard to 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 scouring pastes and powders export price stood at $X per ton in 2021, falling by -5.3% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 58%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Scouring Pastes And Powders

Imports into Finland

In 2021, scouring pastes and powders imports into Finland reduced markedly to X tons, with a decrease of -42.8% compared with the previous year's figure. Overall, imports recorded a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 32%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, scouring pastes and powders imports contracted to $X in 2021. In general, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2016 with an increase of 63% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Sweden (X tons) constituted the largest scouring pastes and powders supplier to Finland, with a 42% share of total imports. Moreover, scouring pastes and powders imports from Sweden exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Hungary (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden amounted to +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-5.6% per year) and Hungary (-11.2% per year).

In value terms, the largest scouring pastes and powders suppliers to Finland were Hungary ($X), Sweden ($X) and Italy ($X), together accounting for 60% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +60.1%, saw 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

In 2021, the average scouring pastes and powders import price amounted to $X per ton, growing by 56% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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