Finland - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilicone Price in Finland - 2023
Contents:
- Silicone Price in Finland (CIF) - 2023
- Silicone Price in Finland (FOB) - 2023
- Silicone Imports in Finland
- Silicone Exports in Finland
Silicone Price in Finland (CIF) - 2023
In July 2023, the average silicone import price amounted to $6,763 per ton, waning by -15.5% against the previous month. In general, the import price, however, saw a slight expansion. The pace of growth appeared the most rapid in May 2023 an increase of 36% month-to-month. As a result, import price reached the peak level of $8,108 per ton. From June 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($36,890 per ton), while the price for France ($4,041 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicone Price in Finland (FOB) - 2023
The average silicone export price stood at $19,069 per ton in July 2023, which is down by -5.8% against the previous month. Over the period under review, the export price, however, recorded a buoyant expansion. The growth pace was the most rapid in August 2022 when the average export price increased by 525% against the previous month. As a result, the export price attained the peak level of $28,241 per ton. From September 2022 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Norway ($29,497 per ton), while the average price for exports to Poland ($1,644 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.
Silicone Imports in Finland
In 2022, purchases abroad of silicones (in primary forms) decreased by -0.4% to 8.1K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 126%.
In value terms, silicone imports surged to $49M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicone in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.4 | 16.2 | 18.1 | 20.1 | 11.8% |
| France | 4.4 | 4.4 | 6.8 | 6.5 | 13.9% |
| United States | 2.0 | 3.9 | 3.6 | 6.3 | 46.6% |
| Belgium | 2.9 | 3.0 | 5.1 | 6.1 | 28.1% |
| United Kingdom | 4.3 | 3.6 | 2.7 | 2.9 | -12.3% |
| China | 0.7 | 0.4 | 1.2 | 2.0 | 41.9% |
| Netherlands | 0.4 | 0.5 | 0.7 | 0.9 | 31.0% |
| Poland | 0.5 | 0.6 | 0.7 | 0.8 | 17.0% |
| Others | 1.3 | 1.4 | 2.2 | 3.7 | 41.7% |
| Total | 30.9 | 34.2 | 41.0 | 49.2 | 16.8% |
Top Suppliers of Silicone to Finland in 2022:
- France (2890.2 tons)
- Germany (2246.3 tons)
- Belgium (470.5 tons)
- United Kingdom (288.7 tons)
- United States (280.7 tons)
- China (183.9 tons)
- Netherlands (136.8 tons)
- Poland (130.8 tons)
Silicone Exports in Finland
For the fourth consecutive year, Finland recorded growth in overseas shipments of silicones (in primary forms), which increased by 200% to 803 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,679%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, silicone exports skyrocketed to $4.7M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silicone in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 243 | 257 | 294 | 1,888 | 98.1% |
| United States | 16.2 | 31.4 | 35.8 | 607 | 234.6% |
| Sweden | 32.0 | 85.0 | 392 | 575 | 161.9% |
| Norway | 533 | 183 | 71.9 | 180 | -30.4% |
| Malaysia | 77.9 | 109 | 128 | 122 | 16.1% |
| Others | 641 | 440 | 808 | 1,283 | 26.0% |
| Total | 1,543 | 1,104 | 1,730 | 4,654 | 44.5% |
Top Export Markets for Silicone from Finland in 2022:
- Russia (625.3 tons)
- Sweden (123.0 tons)
- Malaysia (15.1 tons)
- United States (14.7 tons)
- Norway (5.0 tons)
This report provides an in-depth analysis of the silicone 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 20165700 - Silicones, in primary forms
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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