Report Update: May 1, 2024

Finland - Seals Of Vulcanised Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Vulcanised Rubber Seal Price in Finland - 2023

Vulcanised Rubber Seal Price in Finland (CIF) - 2023

The average vulcanised rubber seal import price stood at $44,671 per ton in August 2023, shrinking by -10.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 17% m-o-m. Over the period under review, average import prices attained the maximum at $49,983 per ton in July 2023, and then contracted in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($139K per ton), while the price for Estonia ($9,131 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Vulcanised Rubber Seal Price in Finland (FOB) - 2023

In August 2023, the average vulcanised rubber seal export price amounted to $75,311 per ton, picking up by 10% against the previous month. Over the period under review, export price indicated a moderate increase from August 2022 to August 2023: its price increased at an average monthly rate of +4.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, vulcanised rubber seal export price decreased by -6.4% against June 2023 indices. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 39% month-to-month. Over the period under review, the average export prices hit record highs at $80,431 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($151K per ton), while the average price for exports to Estonia ($24,928 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports in Finland

In 2022, imports of seals of vulcanised rubber into Finland reduced modestly to 1.5K tons, therefore, remained relatively stable against the previous year. In general, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 5.7% against the previous year.

In value terms, vulcanised rubber seal imports rose modestly to $45M in 2022. The total import value increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Vulcanised Rubber Seal in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	12.9	10.1	10.4	10.7	-6.0%
Sweden	5.8	6.1	7.3	7.3	8.0%
China	2.1	2.5	3.3	5.2	35.3%
Italy	3.2	3.3	5.1	4.6	12.9%
United States	2.0	1.8	2.2	2.9	13.2%
France	2.8	2.0	2.8	1.8	-13.7%
Poland	0.5	0.7	0.9	0.9	21.6%
Thailand	0.3	0.4	0.6	0.7	32.6%
Spain	0.2	0.2	0.3	0.4	26.0%
Estonia	0.3	0.3	0.5	0.3	0.0%
Others	10.3	8.2	10.1	10.5	0.6%
Total	40.5	35.6	43.5	45.4	3.9%

Top Suppliers of Vulcanised Rubber Seal to Finland in 2022:

Germany (388.6 tons)
France (223.0 tons)
China (192.6 tons)
Sweden (173.3 tons)
Poland (110.9 tons)
Italy (77.9 tons)
Spain (47.2 tons)
Thailand (30.1 tons)
United States (24.6 tons)
Estonia (22.9 tons)

Vulcanised Rubber Seal Exports in Finland

In 2022, vulcanised rubber seal exports from Finland contracted dramatically to 370 tons, falling by -45.4% compared with 2021 figures. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year. As a result, the exports attained the peak of 679 tons, and then dropped notably in the following year.

In value terms, vulcanised rubber seal exports fell rapidly to $22M in 2022. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 55%. As a result, the exports reached the peak of $37M, and then dropped dramatically in the following year.

Export of Vulcanised Rubber Seal in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	8.7	7.3	3.3	3.2	-28.4%
Sweden	1.5	1.6	2.3	2.7	21.6%
United States	1.0	0.8	1.9	1.6	17.0%
Estonia	1.2	1.0	1.2	1.2	0.0%
Germany	1.0	1.2	1.4	1.0	0.0%
China	0.7	0.8	1.0	1.0	12.6%
Poland	0.5	0.5	0.8	0.8	17.0%
France	0.8	0.7	1.0	0.8	0.0%
Norway	0.7	0.7	0.7	0.8	4.6%
Russia	2.2	2.1	3.9	0.8	-28.6%
Denmark	0.5	0.7	0.6	0.4	-7.2%
Others	7.0	6.2	18.5	7.4	1.9%
Total	25.9	23.6	36.6	21.7	-5.7%

Top Export Markets for Vulcanised Rubber Seal from Finland in 2022:

Sweden (87.2 tons)
Estonia (61.3 tons)
Poland (36.9 tons)
Netherlands (31.0 tons)
France (22.1 tons)
United States (20.2 tons)
Germany (14.4 tons)
Norway (14.1 tons)
Russia (10.4 tons)
China (8.5 tons)
Denmark (6.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vulcanised rubber seal 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 22197323 - Seals, of vulcanised rubber

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023