Finland: Iron Oxide Pigments Market Overview 2021

Iron Oxide Pigments Market Size in Finland

The Finnish iron oxide pigments market contracted to $X in 2020, shrinking by -X% against the previous year. Over the period under review, consumption, however, posted resilient growth. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. Iron oxide pigments consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Iron Oxide Pigments Production in Finland

In value terms, iron oxide pigments production rose rapidly to $X in 2020 estimated in export prices. In general, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2014 to 2020, production growth failed to regain the momentum.

Iron Oxide Pigments Exports

Exports from Finland

In 2020, shipments abroad of iron oxides and hydroxides increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, iron oxide pigments exports soared to $X in 2020. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes), Germany (X tonnes) and the Netherlands (X tonnes) were the main destinations of iron oxide pigments exports from Finland, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in the U.S. (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for iron oxide pigments exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Italy (+X% per year).

Export Prices by Country

The average iron oxide pigments export price stood at $X per tonne in 2020, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2013 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to Sweden ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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 more modest paces of growth.

Iron Oxide Pigments Imports

Imports into Finland

Iron oxide pigments imports into Finland contracted to X tonnes in 2020, falling by -X% against the previous year. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes, and then fell in the following year.

In value terms, iron oxide pigments imports expanded sharply to $X in 2020. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest supplier of iron oxide pigments 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, Italy (X tonnes), fourfold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Denmark (+X% per year).

Import Prices by Country

The average iron oxide pigments import price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, import price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron oxide pigments import price decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2009 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron oxides and hydroxides in the world?

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The countries with the highest volumes of iron oxide pigments consumption in 2020 were China (409K tonnes), the U.S. (230K tonnes) and India (158K tonnes), together comprising 42% of global consumption. Germany, Japan, Russia, Brazil, Taiwan (Chinese), France, Italy, South Korea, Canada and Poland lagged somewhat behind, together comprising a further 33%.

What are the largest producers of iron oxides and hydroxides in the world?

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China (566K tonnes) constituted the country with the largest volume of iron oxide pigments production, comprising approx. 31% of total volume. Moreover, iron oxide pigments production in China exceeded the figures recorded by the second-largest producer, Germany (252K tonnes), twofold. India (150K tonnes) ranked third in terms of total production with a 8.1% share.

What are the leading suppliers of iron oxides and hydroxides to Finland?

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In value terms, Germany ($1.6M) constituted the largest supplier of iron oxide pigments to Finland, comprising 69% of total imports. The second position in the ranking was occupied by Italy ($411K), with a 18% share of total imports. It was followed by Denmark, with a 3.1% share.

What are the leading importers of iron oxides and hydroxides from Finland?

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In value terms, Germany ($243K) remains the key foreign market for iron oxide pigments exports from Finland, comprising 40% of total exports. The second position in the ranking was occupied by the U.S. ($118K), with a 19% share of total exports. It was followed by Italy, with a 11% share.

What is the average export price for iron oxides and hydroxides in Finland?

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The average iron oxide pigments export price stood at $2,118 per tonne in 2020, leveling off at the previous year.

What is the average import price for iron oxides and hydroxides in Finland?

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The average iron oxide pigments import price stood at $1,278 per tonne in 2020, jumping by 22% against the previous year.