Finland: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Finland

The Finnish cyclic hydrocarbons market reduced to $X in 2022, waning by X% against the previous year. Overall, consumption saw a noticeable decline. Cyclic hydrocarbons consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Cyclic Hydrocarbons Production in Finland

In value terms, cyclic hydrocarbons production amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. Over the period under review, production reached the peak level in 2022 and is likely to continue growth in years to come.

Cyclic Hydrocarbons Exports

Exports from Finland

After three years of decline, overseas shipments of cyclic hydrocarbons increased by X% to X tons in 2022. Over the period under review, exports, however, recorded a dramatic curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt setback. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Cyprus (X tons) and Estonia (X tons) were the main destinations of cyclic hydrocarbons exports from Finland, together accounting for X% of total exports. Lithuania, Kazakhstan, France, Germany and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) emerged as the key foreign market for cyclic hydrocarbons exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price posted a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclic Hydrocarbons Imports

Imports into Finland

In 2022, the amount of cyclic hydrocarbons imported into Finland declined significantly to X tons, with a decrease of X% compared with 2021 figures. Over the period under review, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports contracted to $X in 2022. In general, imports saw a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest cyclic hydrocarbons supplier to Finland, with a X% share of total imports. Moreover, cyclic hydrocarbons imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. Kuwait (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Kuwait (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cyclic hydrocarbons to Finland, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Kuwait (X% per year).

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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