Finland: Sisal Binder Market 2024

Sisal Binder Market Size in Finland

The Finnish sisal binder market surged to $X in 2022, picking up by 57% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.5% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sisal Binder Production in Finland

In value terms, sisal binder production expanded notably to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 78%. Sisal binder production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sisal Binder Exports

Exports from Finland

In 2022, sisal binder exports from Finland contracted remarkably to X tons, which is down by -93.6% against 2021 figures. In general, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2017 with an increase of 126% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sisal binder exports contracted dramatically to $X in 2022. Over the period under review, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 153%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X kg), Sweden (X kg) and Latvia (X kg) were the main destinations of sisal binder exports from Finland, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +154.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Norway ($X) emerged as the key foreign market for sisal binder or baler (agricultural) twines exports from Finland, comprising 49% of total exports. The second position in the ranking was held by Latvia ($X), with a 23% share of total exports. It was followed by Sweden, with a 21% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to +70.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+193.6% per year) and Sweden (-29.8% per year).

Export Prices by Country

The average sisal binder export price stood at $X per ton in 2022, surging by 69% against the previous year. Overall, the export price showed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Sweden ($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 Estonia (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sisal Binder Imports

Imports into Finland

In 2022, the amount of sisal binder or baler (agricultural) twines imported into Finland contracted to X tons, with a decrease of -14.8% on 2021. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 41%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sisal binder imports contracted to $X in 2022. Over the period under review, imports showed a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 65%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of sisal binder to Finland, accounting for a 67% share of total imports. Moreover, sisal binder imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Denmark (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at -13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.4% per year) and Denmark (-4.1% per year).

In value terms, the largest sisal binder suppliers to Finland were Brazil ($X), China ($X) and Denmark ($X), together accounting for 91% of total imports.

China, with a CAGR of +4.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average sisal binder import price amounted to $X per ton, growing by 9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2014 an increase of 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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