Finland: Silicates Market 2024

Silicates Market Size in Finland

In 2021, the Finnish silicates market increased by 69% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Silicates Production in Finland

In value terms, silicates production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. Silicates production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silicates Exports

Exports from Finland

For the fourth consecutive year, Finland recorded growth in shipments abroad of silicates, commercial alkali metal silicates, which increased by 50% to X tons in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1,052% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicates exports declined to $X in 2021. Overall, exports showed temperate growth. The most prominent rate of growth was recorded in 2020 with an increase of 674% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of silicates exports from Finland, together accounting for 62% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +217.3%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for silicates, commercial alkali metal silicates exports from Finland, comprising 48% of total exports. The second position in the ranking was held by Russia ($X), with an 18% share of total exports. It was followed by China, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to Estonia amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-6.0% per year) and China (+50.8% per year).

Export Prices by Country

In 2021, the average silicates export price amounted to $X per ton, falling by -42.4% against the previous year. Over the period under review, the export price, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 227%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to France ($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 Estonia (+19.4%), while the prices for the other major destinations experienced mixed trend patterns.

Silicates Imports

Imports into Finland

In 2021, purchases abroad of silicates, commercial alkali metal silicates increased by 356% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicates imports surged to $X in 2021. Over the period under review, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of silicates to Finland, with a 74% share of total imports. Moreover, silicates imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. The third position in this ranking was taken by Denmark (X tons), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+95.0% per year) and Denmark (+1.2% per year).

In value terms, Poland ($X), Germany ($X) and Denmark ($X) were the largest silicates suppliers to Finland, with a combined 94% share of total imports.

Poland, with a CAGR of +87.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicates import price stood at $X per ton in 2021, increasing by 28% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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