Finland: Odoriferous Substance Mixture Market Overview 2020

Odoriferous Substance Mixture Market Size in Finland

The revenue of the odoriferous substance mixture market in Finland amounted to $X in 2018, reducing by -X% against the previous year. In general, odoriferous substance mixture consumption, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. In that year, the odoriferous substance mixture market reached its peak level of $X, and then declined slightly in the following year.

Odoriferous Substance Mixture Production in Finland

In value terms, odoriferous substance mixture production stood at $X in 2018 estimated in export prices. Overall, odoriferous substance mixture production continues to indicate a sharp downturn. The pace of growth appeared the most rapid in 2009 when production volume increased by X% y-o-y. Over the period under review, odoriferous substance mixture production reached its peak figure level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports from Finland

In 2018, approx. X tonnes of mixtures of odoriferous substances and their preparations were exported from Finland; waning by -X% against the previous year. Overall, odoriferous substance mixture exports continue to indicate a moderate reduction. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. In that year, odoriferous substance mixture exports attained their peak of X tonnes. From 2014 to 2018, the growth of odoriferous substance mixture exports remained at a somewhat lower figure.

In value terms, odoriferous substance mixture exports totaled $X in 2018. In general, odoriferous substance mixture exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, odoriferous substance mixture exports reached their maximum at $X in 2017, and then declined slightly in the following year.

Exports by Country

Russia (X tonnes) was the main destination for odoriferous substance mixture exports from Finland, accounting for a X% share of total exports. Moreover, odoriferous substance mixture exports to Russia exceeded the volume sent to the second major destination, Slovakia (X tonnes), sixfold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

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

In value terms, Russia ($X) remains the key foreign market for odoriferous substance mixture exports from Finland, comprising X% of total odoriferous substance mixture exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Poland (+X% per year).

Export Prices by Country

In 2018, the average odoriferous substance mixture export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the odoriferous substance mixture export price continues to indicate modest growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% y-o-y. In that year, the average export prices for mixtures of odoriferous substances and their preparations attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Sudan ($X per tonne), while the average price for exports to Algeria ($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 Slovakia, while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Finland

In 2018, the imports of mixtures of odoriferous substances and their preparations into Finland totaled X tonnes, coming down by -X% against the previous year. Overall, the total imports indicated mild growth from 2007 to 2018: its volume 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. Based on 2018 figures, odoriferous substance mixture imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. In that year, odoriferous substance mixture imports reached their peak of X tonnes, and then declined slightly in the following year.

In value terms, odoriferous substance mixture imports amounted to $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

Ireland (X tonnes), Germany (X tonnes) and Belgium (X tonnes) were the main suppliers of odoriferous substance mixture imports to Finland, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Ireland, while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of odoriferous substance mixture to Finland, comprising X% of total odoriferous substance mixture imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2018, the average odoriferous substance mixture import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the odoriferous substance mixture import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. In that year, the average import prices for mixtures of odoriferous substances and their preparations reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the UK ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform