Finland: Sulphites Market 2024

Sulphites Market Size in Finland

In 2022, the Finnish sulphites market decreased by -25.9% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a remarkable increase. Sulphites consumption peaked at $X in 2021, and then declined significantly in the following year.

Sulphites Production in Finland

In value terms, sulphites production reached $X in 2022 estimated in export price. In general, production enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 366%. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in years to come.

Sulphites Exports

Exports from Finland

In 2022, overseas shipments of sulphites increased by 157% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,059% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, sulphites exports surged to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,065% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for sulphites exports from Finland, with a 96% share of total exports. It was followed by Germany (X tons), with a 3.2% share of total exports. The third position in this ranking was held by Lithuania (X tons), with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +139.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+184.3% per year) and Lithuania (-11.0% per year).

In value terms, Sweden ($X) remains the key foreign market for sulphites exports from Finland, comprising 95% of total exports. The second position in the ranking was taken by Germany ($X), with a 4.1% share of total exports. It was followed by Lithuania, with a 0.3% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +137.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+96.8% per year) and Lithuania (-10.5% per year).

Export Prices by Country

In 2022, the average sulphites export price amounted to $X per ton, picking up by 17% against the previous year. Overall, the export price, however, saw a slight decrease. The pace of growth was the most pronounced in 2018 an increase of 68%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Lithuania ($X per ton), while the average price for exports to Sweden ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+0.6%), while the prices for the other major destinations experienced a decline.

Sulphites Imports

Imports into Finland

In 2022, overseas purchases of sulphites decreased by -14.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2015 with an increase of 121%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, sulphites imports surged to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +106.7% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 65%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest sulphites supplier to Finland, with a 78% share of total imports. Moreover, sulphites imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.5% per year) and Italy (-7.9% per year).

In value terms, Germany ($X) constituted the largest supplier of sulphites to Finland, comprising 77% of total imports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total imports. It was followed by Italy, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-4.7% per year) and Italy (-6.2% per year).

Import Prices by Country

The average sulphites import price stood at $X per ton in 2022, picking up by 40% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites import price increased by +28.0% against 2019 indices. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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