Finland: Hormone Market Overview 2020

Hormone Market Size in Finland

The revenue of the hormone market in Finland amounted to $X in 2018, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, hormone consumption, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. In that year, the hormone market reached its peak level of $X. From 2014 to 2018, the growth of the hormone market remained at a lower figure.

Hormone Exports

Exports from Finland

In 2018, the amount of hormones, prostaglandins, thromboxanes and leukotrienes exported from Finland totaled X kg, rising by X% against the previous year. Overall, hormone exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. In that year, hormone exports attained their peak of X kg. From 2010 to 2018, the growth of hormone exports failed to regain its momentum.

In value terms, hormone exports totaled $X in 2018. In general, hormone exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

Ukraine (X kg) was the main destination for hormone exports from Finland, with a X% share of total exports. Moreover, hormone exports to Ukraine exceeded the volume sent to the second major destination, India (X kg), threefold.

From 2007 to 2018, the average annual growth rate of volume to Ukraine totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and the Netherlands (-X% per year).

In value terms, India ($X) emerged as the key foreign market for hormone exports from Finland, comprising X% of total hormone exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Ukraine (-X% per year).

Export Prices by Country

The average hormone export price stood at $X per tonne in 2018, approximately reflecting the previous year. Over the period under review, the hormone export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, the average export prices for hormones, prostaglandins, thromboxanes and leukotrienes reached their maximum at $X per tonne in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced a decline.

Hormone Imports

Imports into Finland

In 2018, the hormone imports into Finland totaled X tonnes, lowering by -X% against the previous year. Overall, hormone imports, however, continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. In that year, hormone imports attained their peak of X tonnes. From 2014 to 2018, the growth of hormone imports remained at a lower figure.

In value terms, hormone imports amounted to $X in 2018. Overall, hormone imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, hormone imports reached their peak figure at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, New Zealand (X tonnes) constituted the largest hormone supplier to Finland, with a X% share of total imports. Moreover, hormone imports from New Zealand exceeded the figures recorded by the second-largest supplier, Spain (X kg), twofold. Japan (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from New Zealand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Japan (+X% per year).

In value terms, Japan ($X), Germany ($X) and China ($X) appeared to be the largest hormone suppliers to Finland, with a combined X% share of total imports.

China (+X% per year) recorded the highest growth rate of imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hormone import price stood at $X per tonne in 2018, going up by X% against the previous year. Over the period under review, the hormone import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2012 when the average import price increased by X% y-o-y. In that year, the average import prices for hormones, prostaglandins, thromboxanes and leukotrienes reached their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average import prices for hormones, prostaglandins, thromboxanes and leukotrienes failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for New Zealand ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform