Report Update Nov 1, 2024

Finland - Styrene - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Styrene Market 2024

Styrene Market Size in Finland

In 2021, the Finnish styrene market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a mild slump. Styrene consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Styrene Exports

Exports from Finland

In 2021, approx. X kg of styrene were exported from Finland; picking up by 7.8% on the previous year's figure. Overall, exports, however, showed a precipitous setback. The pace of growth appeared the most rapid in 2017 with an increase of 742% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, styrene exports skyrocketed to $X in 2021. In general, exports, however, recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 794%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X kg) was the main destination for styrene exports from Finland, accounting for a 97% share of total exports. It was followed by Estonia (X kg), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -20.2%.

In value terms, Russia ($X) remains the key foreign market for styrene exports from Finland, comprising 74% of total exports. The second position in the ranking was held by Estonia ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -20.2%.

Export Prices by Country

The average styrene export price stood at $X per ton in 2021, picking up by 78% against the previous year. Overall, the export price showed prominent growth. The pace of growth was the most pronounced in 2020 an increase of 348% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external 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 Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Styrene Imports

Imports into Finland

In 2021, supplies from abroad of styrene was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, styrene imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a mild slump. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), the Netherlands (X tons) and Germany (X kg) were the main suppliers of styrene imports to Finland, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +2.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest styrene suppliers to Finland, together accounting for 99% of total imports.

Russia, with a CAGR of +1.2%, recorded 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 mixed trend patterns.

Import Prices by Country

The average styrene import price stood at $X per ton in 2021, increasing by 30% against the previous year. Over the period under review, the import price, however, showed a slight descent. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+26.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for styrene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 37% share of global consumption.

What are the largest producers of styrene in the world?

The countries with the highest volumes of in 2021 were the United States, China and Saudi Arabia, together accounting for 35% of global production.

What are the leading suppliers of styrene to Finland?

In value terms, the largest styrene suppliers to Finland were Russia and the Netherlands.

What are the leading importers of styrene from Finland?

In value terms, Russia remains the key foreign market for styrene exports from Finland, comprising 74% of total exports. The second position in the ranking was occupied by Estonia $711), with a 26% share of total exports.

What is the average export price for styrene in Finland?

In 2021, the average styrene export price amounted to $8,557 per ton, rising by 51% against the previous year.

What is the average import price for styrene in Finland?

In 2021, the average styrene import price amounted to $1,377 per ton, surging by 38% against the previous year.

This report provides an in-depth analysis of the styrene market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141250 - Styrene

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023