Finland: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Finland

The Finnish vulcanised rubber thread market shrank remarkably to $X in 2021, waning by -31.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Vulcanised Rubber Thread Exports

Exports from Finland

In 2021, vulcanised rubber thread exports from Finland declined dramatically to X kg, falling by -45.7% compared with the year before. Overall, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 290%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports contracted notably to $X in 2021. Over the period under review, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 126%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Lithuania (X kg), Estonia (X kg) and Germany (X kg) were the main destinations of vulcanised rubber thread exports from Finland, with a combined 73% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +87.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) emerged as the key foreign market for vulcanised rubber thread and cord exports from Finland, comprising 48% of total exports. The second position in the ranking was held by Lithuania ($X), with an 18% share of total exports. It was followed by Uruguay, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia amounted to +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+113.9% per year) and Uruguay (+10.1% per year).

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, rising by 42% against the previous year. Overall, the export price, however, saw a abrupt descent. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Germany ($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 Lithuania (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Finland

Vulcanised rubber thread imports into Finland dropped rapidly to X tons in 2021, with a decrease of -53.9% compared with 2020 figures. In general, imports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2020 when imports increased by 321% against the previous year. As a result, imports attained the peak of X tons, and then reduced notably in the following year.

In value terms, vulcanised rubber thread imports soared to $X in 2021. Overall, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 162% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest vulcanised rubber thread supplier to Finland, with a 62% share of total imports. Moreover, vulcanised rubber thread imports from Malaysia exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+54.6% per year) and the Netherlands (+30.9% per year).

In value terms, the UK ($X) constituted the largest supplier of vulcanised rubber thread and cord to Finland, comprising 65% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total imports. It was followed by Sweden, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +82.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.9% per year) and Sweden (+77.7% per year).

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2021, picking up by 198% against the previous year. Over the period under review, the import price posted a perceptible expansion. 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 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Malaysia ($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 UK (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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