Finland: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2025

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Finland

In 2021, the Finnish vulcanised cellular rubber articles market decreased by -14.9% to $X, falling for the second year in a row after six years of growth. Overall, consumption, however, saw a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Finland

In value terms, vulcanised cellular rubber articles production rose to $X in 2021 estimated in export price. Overall, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 214%. Vulcanised cellular rubber articles production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Finland

In 2021, vulcanised cellular rubber articles exports from Finland skyrocketed to X tons, rising by 53% against 2020. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 173% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, vulcanised cellular rubber articles exports soared to $X in 2021. In general, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 233% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for vulcanised cellular rubber articles exports from Finland, accounting for a 89% share of total exports. It was followed by Estonia (X kg), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +38.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-3.7% per year) and South Africa (-30.6% per year).

In value terms, Russia ($X) remains the key foreign market for vulcanised cellular rubber articles for technical uses exports from Finland, comprising 56% of total exports. The second position in the ranking was taken by Estonia ($X), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+4.9% per year) and South Africa (-37.8% per year).

Export Prices by Country

The average vulcanised cellular rubber articles export price stood at $X per ton in 2021, shrinking by -5.2% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Estonia ($X per ton), while the average price for exports to South Africa ($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 Estonia (+8.8%), while the prices for the other major destinations experienced a decline.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Finland

In 2021, purchases abroad of vulcanised cellular rubber articles for technical uses decreased by -14.7% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 55% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles imports declined to $X in 2021. Over the period under review, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 51% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of vulcanised cellular rubber articles imports to Finland, together accounting for 79% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +48.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of vulcanised cellular rubber articles for technical uses to Finland, comprising 38% of total imports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total imports. It was followed by Hungary, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+7.2% per year) and Hungary (+58.4% per year).

Import Prices by Country

In 2021, the average vulcanised cellular rubber articles import price amounted to $X per ton, with an increase of 9.3% against the previous year. Overall, the import price, however, showed a slight descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Sweden ($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 Czech Republic (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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