Finland: Market for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Finland

The Finnish market for soap and organic surface-active products in bars other than for toilet use shrank sharply to $X in 2022, falling by -16.2% 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). Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -19.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Exports from Finland

In 2022, the amount of soap and organic surface-active products in bars other than for toilet use exported from Finland fell significantly to X tons, shrinking by -20.7% against 2021. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 120%. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use contracted dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 142%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X tons), Norway (X tons) and Russia (X tons) were the main destinations of exports of soap and organic surface-active products in bars other than for toilet use from Finland, together comprising 75% of total exports. Sweden, Lithuania, Latvia and Hungary lagged somewhat behind, together accounting for 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 Sweden (with a CAGR of +28.8%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Estonia ($X) constituted the largest markets for soap in bars other than for toilet use exported from Finland worldwide, with a combined 78% share of total exports.

Sweden, with a CAGR of +34.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 export price for soap and organic surface-active products in bars other than for toilet use amounted to $X per ton, which is down by -6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2014 an increase of 24% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Hungary ($X per ton), while the average price for exports to Estonia ($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 Latvia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Imports into Finland

For the third year in a row, Finland recorded growth in supplies from abroad of soap and organic surface-active products in bars other than for toilet use, which increased by 6.5% to X tons in 2022. Over the period under review, imports saw buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 69%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use shrank remarkably to $X in 2022. Overall, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -43.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 72%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of soap in bars other than for toilet use to Finland, accounting for a 59% share of total imports. Moreover, imports of soap and organic surface-active products in bars other than for toilet use from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. Israel (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+74.2% per year) and Israel (+103.9% per year).

In value terms, China ($X) constituted the largest supplier of soap and organic surface-active products in bars other than for toilet use to Finland, comprising 32% of total imports. The second position in the ranking was held by France ($X), with a 9.9% share of total imports. It was followed by Germany, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.4% per year) and Germany (-8.6% per year).

Import Prices by Country

The average import price for soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, which is down by -40% against the previous year. In general, the import price showed a noticeable reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, 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 ($X per ton), while the price for China ($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 (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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