Finland: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Finland

In 2022, the Finnish cellulose fibrecement sheet market increased by 119% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded mild growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cellulose Fibrecement Sheet Production in Finland

In value terms, cellulose fibrecement sheet production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of 25%. Cellulose fibrecement sheet production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cellulose Fibrecement Sheet Exports

Exports from Finland

In 2022, after two years of growth, there was significant decline in overseas shipments of sheets, panels and tiles of cellulose fibrecement, when their volume decreased by -15.6% to X tons. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +48.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, cellulose fibrecement sheet exports shrank to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Sweden (X tons), Denmark (X tons) and Estonia (X tons) were the main destinations of cellulose fibrecement sheet exports from Finland, together comprising 72% of total exports. Norway, Hungary, the Netherlands, Italy, Poland, the UK and Russia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +44.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cellulose fibrecement sheet exported from Finland were Sweden ($X), Denmark ($X) and Norway ($X), with a combined 66% share of total exports. Estonia, Hungary, Italy, the Netherlands, Poland, the UK and Russia lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, Hungary, with a CAGR of +46.7%, 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

In 2022, the average cellulose fibrecement sheet export price amounted to $X per ton, surging by 7.9% against the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 13%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Norway ($X per ton), while the average price for exports to the UK ($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 Hungary (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into Finland

In 2022, imports of sheets, panels and tiles of cellulose fibrecement into Finland fell notably to X tons, dropping by -24.5% compared with 2021. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 700% 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 lower figure.

In value terms, cellulose fibrecement sheet imports shrank sharply to $X in 2022. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 361%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of cellulose fibrecement sheet to Finland, accounting for a 71% share of total imports. Moreover, cellulose fibrecement sheet imports from Hungary exceeded the figures recorded by the second-largest supplier, Belgium (X tons), eightfold. Poland (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary amounted to +162.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.9% per year) and Poland (-8.3% per year).

In value terms, Hungary ($X) constituted the largest supplier of sheets, panels and tiles of cellulose fibrecement to Finland, comprising 64% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports. It was followed by Italy, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from Hungary totaled +160.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.3% per year) and Italy (-19.7% per year).

Import Prices by Country

In 2022, the average cellulose fibrecement sheet import price amounted to $X per ton, declining by -9.7% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cellulose fibrecement sheet import price increased by +13.7% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 139% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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 ($X per ton), while the price for Poland ($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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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