Report Update Nov 1, 2024

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

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Finland: Tanker Market 2024

Tanker Market Size in Finland

The Finnish tanker market amounted to less than $X in 2021, approximately mirroring the previous year. Overall, consumption, however, saw a sharp reduction. The most prominent rate of growth was recorded in 2018 when the market value decreased by 99.9%. Tanker consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Tanker Production in Finland

In value terms, tanker production amounted to $X in 2021 estimated in export price. In general, production saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the production volume decreased by 99.9%. Tanker production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Tanker Exports

Exports from Finland

Tanker exports from Finland stood at X units in 2017, almost unchanged from 2016 figures. Overall, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2016. The exports peaked in 2017 and are likely to continue growth in the near future.

In value terms, tanker exports amounted to $X in 2017. In general, exports faced a dramatic curtailment. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2017, the exports failed to regain momentum.

Exports by Country

From 2015 to 2019, the average annual growth rate of volume to No country was relatively modest.

From 2015 to 2019, the average annual rate of growth in terms of value to No country was relatively modest.

Export Prices by Country

The average tanker export price stood at $X per unit in 2017, flattening at the previous year. In general, the export price recorded a dramatic decline. The pace of growth was the most pronounced in 2016 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2017, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2015 to 2017, the rate of growth in terms of prices for the Netherlands amounted to +49.6% per year.

Tanker Imports

Imports into Finland

In 2021, tanker imports into Finland stood at X units, approximately reflecting 2020 figures. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, tanker imports stood at $X in 2021. In general, imports showed a relatively flat trend pattern. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, South Korea (X units) constituted the largest tanker supplier to Finland, with a 86% share of total imports. Moreover, tanker imports from South Korea exceeded the figures recorded by the second-largest supplier, Sweden (X units), sixfold.

From 2021 to 2021, the average annual rate of growth in terms of volume from South Korea was relatively modest.

In value terms, South Korea ($X) constituted the largest supplier of tankers to Finland, comprising 99.9% of total imports. The second position in the ranking was taken by Sweden ($X), with less than 0.1% share of total imports.

From 2021 to 2021, the average annual rate of growth in terms of value from South Korea was relatively modest.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tankers in the world?

The countries with the highest volumes of in 2021 were China, Germany and Indonesia, with a combined 54% share of global consumption. Poland, Brazil, Belgium and France lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of tankers in the world?

The countries with the highest volumes of in 2021 were China, Germany and South Korea, with a combined 90% share of global production.

What are the leading suppliers of tankers to Finland?

In value terms, the Netherlands constituted the largest supplier of tanker to Finland.

What are the leading importers of tankers from Finland?

In value terms, Cyprus remains the key foreign market for tanker exports from Finland, comprising 98% of total exports. The second position in the ranking was occupied by Russia, with a 1.9% share of total exports.

What is the average export price for tankers in Finland?

The average tanker export price stood at $267,864 per unit in 2019, falling by -31.4% against the previous year.

What is the average import price for tankers in Finland?

In 2017, the average tanker import price amounted to $71,787 per unit, with an increase of 19% against the previous year.

This report provides an in-depth analysis of the tanker 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 30112210 - Crude oil tankers
Prodcom 30112230 - Oil product tankers
Prodcom 30112250 - Chemical tankers
Prodcom 30112270 - Gas carriers

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