Finland: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Finland

In 2021, the Finnish soap in different forms market decreased by -16.9% to $X for the first time since 2016, thus ending a four-year rising trend. In general, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.5% against 2016 indices. Soap in different forms consumption peaked at $X in 2020, and then dropped sharply in the following year.

Production of Soap In Different Forms in Finland

In value terms, soap in different forms production fell significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate mild growth. The most prominent rate of growth was recorded in 2019 with an increase of 104%. Soap in different forms production peaked at $X in 2020, and then fell dramatically in the following year.

Exports of Soap In Different Forms

Exports from Finland

Soap in different forms exports from Finland shrank modestly to X tons in 2021, which is down by -4.1% on the previous year. Overall, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by 75% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, soap in different forms exports skyrocketed to $X in 2021. In general, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 when exports increased by 117% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for soap in different forms exports from Finland, with a 44% share of total exports. Moreover, soap in different forms exports to Estonia exceeded the volume sent to the second major destination, Russia (X tons), twofold. The third position in this ranking was held by Latvia (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-12.2% per year) and Latvia (+3.0% per year).

In value terms, Estonia ($X), Russia ($X) and Sweden ($X) constituted the largest markets for soap in different forms exported from Finland worldwide, together accounting for 58% of total exports. These countries were followed by Latvia, Germany, Denmark, Lithuania and Norway, which together accounted for a further 20%.

Germany, with a CAGR of +57.1%, recorded the highest rates of growth with regard to 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

The average soap in different forms export price stood at $X per ton in 2021, rising by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Lithuania ($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 Kazakhstan (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into Finland

In 2021, soap in different forms imports into Finland dropped remarkably to X tons, with a decrease of -25.6% against 2020. Over the period under review, imports showed a mild setback. The pace of growth was the most pronounced in 2020 when imports increased by 103%. As a result, imports reached the peak of X tons, and then declined significantly in the following year.

In value terms, soap in different forms imports declined dramatically to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of soap in different forms to Finland, accounting for a 46% share of total imports. Moreover, soap in different forms imports from Denmark exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+21.2% per year) and Sweden (+3.1% per year).

In value terms, Denmark ($X), Sweden ($X) and Poland ($X) constituted the largest soap in different forms suppliers to Finland, together accounting for 81% of total imports. Estonia, Germany, Belgium and Spain lagged somewhat behind, together accounting for a further 12%.

Estonia, with a CAGR of +74.5%, saw the highest growth rate of the value of imports, in terms of 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 soap in different forms import price stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soap in different forms import price decreased by -28.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 66%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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