Finland: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Finland

The Finnish market for unsaturated polyesters in primary forms shrank to $X in 2021, declining by -13.3% against the previous year. In general, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Unsaturated Polyesters In Primary Forms in Finland

In value terms, unsaturated polyesters in primary forms production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Finland

In 2021, overseas shipments of unsaturated polyesters in primary forms increased by 6.2% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 13%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2021. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for unsaturated polyesters in primary forms exports from Finland, accounting for a 54% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Poland exceeded the volume sent to the second major destination, Russia (X tons), fivefold. The UK (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-6.5% per year) and the UK (-1.2% per year).

In value terms, Poland ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Finland, comprising 52% of total exports. The second position in the ranking was taken by Russia ($X), with a 10% share of total exports. It was followed by the UK, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-7.4% per year) and the UK (+0.1% per year).

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, increasing by 53% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Latvia ($X per ton), while the average price for exports to Russia ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Finland

In 2021, the amount of unsaturated polyesters in primary forms imported into Finland rose rapidly to X tons, increasing by 10% on 2020. Over the period under review, imports, however, recorded a abrupt descent. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms imports rose markedly to $X in 2021. Overall, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons), Sweden (X tons) and Italy (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Finland, with a combined 78% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +30.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest unsaturated polyesters in primary forms suppliers to Finland were Poland ($X), Sweden ($X) and Italy ($X), with a combined 75% share of total imports.

Poland, with a CAGR of +27.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for unsaturated polyesters in primary forms stood at $X per ton in 2021, shrinking by -1.8% against the previous year. In general, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsaturated polyesters in primary forms import price increased by +57.4% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Norway (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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