Finland: Ethanol Market 2024

Ethanol Market Size in Finland

In 2022, the Finnish ethanol market increased by X% to $X, rising for the sixth year in a row after four years of decline. Over the period under review, consumption enjoyed a strong expansion. Ethanol consumption peaked in 2022 and is expected to retain growth in the near future.

Ethanol Production in Finland

In value terms, ethanol production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a deep setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Ethanol production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Ethanol Exports

Exports from Finland

In 2022, ethanol exports from Finland was estimated at X litres, approximately mirroring 2021. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ethanol exports amounted to $X in 2022. Overall, exports recorded buoyant growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X litres) was the main destination for ethanol exports from Finland, with a X% share of total exports. Moreover, ethanol exports to Sweden exceeded the volume sent to the second major destination, Germany (X litres), threefold. The third position in this ranking was taken by Estonia (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Estonia (X% per year).

In value terms, the largest markets for ethanol exported from Finland were Germany ($X), Sweden ($X) and Estonia ($X), with a combined X% share of total exports.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ethanol export price amounted to $X per litre, remaining constant against the previous year. In general, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Ethanol Imports

Imports into Finland

In 2022, approx. X litres of ethyl alcohol were imported into Finland; jumping by X% against the year before. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ethanol imports soared to $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United States (X litres) constituted the largest supplier of ethanol to Finland, with a X% share of total imports. Moreover, ethanol imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X litres), fivefold. The third position in this ranking was taken by Paraguay (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Paraguay (X% per year).

In value terms, the United States ($X) constituted the largest supplier of ethyl alcohol to Finland, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with an X% share of total imports. It was followed by Paraguay, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Paraguay (X% per year).

Import Prices by Country

In 2022, the average ethanol import price amounted to $X per litre, rising by X% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol import price increased by X% against 2019 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per litre in 2018; however, from 2019 to 2022, import prices remained at a 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 Sweden ($X per litre), while the price for Brazil ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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