Finland: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Finland

The Finnish market for inorganic oxygen compounds of non-metals fell to $X in 2022, declining by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Inorganic Oxygen Compounds Of Non-Metals in Finland

In value terms, inorganic oxygen compounds of non-metals production fell markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then reduced notably in the following year.

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Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Finland

In 2022, shipments abroad of inorganic oxygen compounds of non-metals increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports, however, faced a sharp contraction. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals exports surged to $X in 2022. In general, exports, however, faced a deep downturn. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Finland, with a X% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Russia exceeded the volume sent to the second major destination, Denmark (X tons), sixfold. Kazakhstan (X tons) ranked third in terms of total exports with a X% share.

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

It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the average export price for inorganic oxygen compounds of non-metals amounted to $X per ton, growing by X% against the previous year. In general, the export price showed a significant expansion. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and Denmark ($X per ton), while the average price for exports to Kazakhstan ($X per ton) and Latvia ($X per ton) were amongst the lowest.

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

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Finland

In 2022, overseas purchases of inorganic oxygen compounds of non-metals increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, inorganic oxygen compounds of non-metals imports skyrocketed to $X in 2022. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of inorganic oxygen compounds of non-metals to Finland, with a X% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from Sweden exceeded the figures recorded by the second-largest supplier, Morocco (X tons), twofold.

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

In value terms, Sweden ($X) constituted the largest supplier of inorganic oxygen compounds of non-metals to Finland, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with an X% share of total imports.

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

Import Prices by Country

The average import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Morocco ($X per ton) 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 a decline.

Source: IndexBox Platform

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