Finland: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Finland

In 2021, the Finnish unvulcanised rubber market decreased by -21.2% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a deep slump. Unvulcanised rubber consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Unvulcanised Rubber Production in Finland

In value terms, unvulcanised rubber production reduced to $X in 2021 estimated in export price. In general, production saw a abrupt decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 10%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Unvulcanised Rubber Exports

Exports from Finland

In 2021, overseas shipments of unvulcanised rubber increased by 143% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 410%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, unvulcanised rubber exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 493% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for unvulcanised rubber exports from Finland, accounting for a 93% share of total exports. It was followed by Hungary (X tons), with a 2.6% share of total exports. Estonia (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+231.9% per year) and Estonia (-1.5% per year).

In value terms, Russia ($X) remains the key foreign market for unvulcanised rubber exports from Finland, comprising 82% of total exports. The second position in the ranking was taken by Hungary ($X), with an 8.1% share of total exports. It was followed by Sweden, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+254.7% per year) and Sweden (-0.1% per year).

Export Prices by Country

In 2021, the average unvulcanised rubber export price amounted to $X per ton, shrinking by -10.8% against the previous year. Overall, the export price recorded a perceptible decrease. The growth pace was the most rapid in 2019 an increase of 100%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Russia ($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 Hungary (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Unvulcanised Rubber Imports

Imports into Finland

In 2021, approx. X tons of unvulcanised rubber were imported into Finland; surging by 7.5% on 2020. Overall, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 21% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, unvulcanised rubber imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 when imports increased by 34%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Germany (X tons) and Russia (X tons) were the main suppliers of unvulcanised rubber imports to Finland, together accounting for 77% of total imports. These countries were followed by Turkey, the UK, the United States and the Netherlands, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +55.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanised rubber suppliers to Finland were Sweden ($X), Germany ($X) and the UK ($X), together comprising 63% of total imports. Russia, the United States, Turkey and the Netherlands lagged somewhat behind, together comprising a further 31%.

The United States, with a CAGR of +53.0%, 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 unvulcanised rubber import price stood at $X per ton in 2021, rising by 20% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 the UK ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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