Finland: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Finland

In 2022, the Finnish medical gel preparations market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a noticeable curtailment. Medical gel preparations consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Medical Gel Preparations Production in Finland

In value terms, medical gel preparations production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Medical gel preparations production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Medical Gel Preparations Exports

Exports from Finland

In 2022, the amount of gel preparations for human or veterinary medicine exported from Finland dropped significantly to X tons, which is down by X% against the year before. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, medical gel preparations exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for medical gel preparations exports from Finland, accounting for a X% share of total exports. Moreover, medical gel preparations exports to the United Arab Emirates exceeded the volume sent to the second major destination, Estonia (X tons), ninefold. Sweden (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Sweden (X% per year).

In value terms, the United Arab Emirates ($X), Sweden ($X) and Norway ($X) constituted the largest markets for medical gel preparations exported from Finland worldwide, with a combined X% share of total exports. Estonia, Latvia and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Latvia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price showed a measured increase. The pace of growth was the most pronounced in 2019 an increase of 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 Sweden ($X per ton), while the average price for exports to Estonia ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Finland

In 2022, after two years of decline, there was growth in purchases abroad of gel preparations for human or veterinary medicine, when their volume increased by X% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, medical gel preparations imports surged to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Italy (X tons) and Sweden (X tons) were the main suppliers of medical gel preparations imports to Finland, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Finland, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price recorded a moderate increase. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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