Finland: Iron Oxide Pigments Market Overview 2020

Iron Oxide Pigments Market Size in Finland

The revenue of the iron oxide pigments market in Finland amounted to $X in 2018, reducing by -X% against the previous year. In general, iron oxide pigments consumption, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2015 when the market value increased by X% against the previous year. Iron oxide pigments consumption peaked at $X in 2017, and then declined slightly in the following year.

Iron Oxide Pigments Production in Finland

In value terms, iron oxide pigments production totaled $X in 2018 estimated in export prices. Overall, iron oxide pigments production, however, continues to indicate a sharp reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. In that year, iron oxide pigments production attained its peak level of $X. From 2014 to 2018, iron oxide pigments production growth failed to regain its momentum.

Iron Oxide Pigments Exports

Exports from Finland

In 2018, approx. X tonnes of iron oxides and hydroxides were exported from Finland; falling by -X% against the previous year. In general, iron oxide pigments exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, iron oxide pigments exports reached their peak figure at X tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, iron oxide pigments exports amounted to $X in 2018. Overall, iron oxide pigments exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2018, exports remained at a lower figure.

Exports by Country

Italy (X tonnes) was the main destination for iron oxide pigments exports from Finland, with a X% share of total exports. Moreover, iron oxide pigments exports to Italy exceeded the volume sent to the second major destination, Germany (X tonnes), fourfold. The third position in this ranking was occupied by Pakistan (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Pakistan (+X% per year).

In value terms, Germany ($X), Pakistan ($X) and France ($X) appeared to be the largest markets for iron oxide pigments exported from Finland worldwide, together accounting for X% of total exports.

France (+X% per year) experienced the highest growth rate of exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron oxide pigments export price stood at $X per tonne in 2018, rising by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The export price peaked in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Pakistan ($X per tonne), while the average price for exports to Italy ($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 Italy, while the prices for the other major destinations experienced a decline.

Iron Oxide Pigments Imports

Imports into Finland

In 2018, approx. X tonnes of iron oxides and hydroxides were imported into Finland; lowering by -X% against the previous year. Over the period under review, iron oxide pigments imports, however, continue to indicate a conspicuous increase. The pace of growth was the most pronounced in 2015 when imports increased by X% y-o-y. Over the period under review, iron oxide pigments imports attained their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, iron oxide pigments imports amounted to $X in 2018. In general, iron oxide pigments imports, however, continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, iron oxide pigments imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest iron oxide pigments supplier to Finland, with a X% share of total imports. Moreover, iron oxide pigments imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tonnes), ninefold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the Netherlands (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of iron oxide pigments to Finland, comprising X% of total iron oxide pigments imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2018, the average iron oxide pigments import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price indicated a remarkable expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, the average import prices for iron oxides and hydroxides reached their peak figure in 2018 and is expected to retain its growth in the near future.

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

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

Source: IndexBox AI Platform