Finland: Monophenols Market 2024

Monophenols Market Size in Finland

The Finnish monophenols market fell to $X in 2023, reducing by X% against the previous year. Overall, consumption saw a perceptible contraction. Monophenols consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Monophenols Production in Finland

In value terms, monophenols production contracted slightly to $X in 2023 estimated in export price. Overall, production showed a noticeable decrease. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Monophenols Exports

Exports from Finland

In 2023, approx. X tons of monophenols were exported from Finland; remaining stable against 2022. Over the period under review, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, monophenols exports declined sharply to $X in 2023. Overall, exports saw a pronounced slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for monophenols exports from Finland, with a X% share of total exports. Moreover, monophenols exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the UK (X% per year).

In value terms, the largest markets for monophenols exported from Finland were Belgium ($X), the Netherlands ($X) and the UK ($X), with a combined X% share of total exports. Latvia, Poland and Sweden lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average monophenols export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then declined significantly in the following year.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per ton) and Latvia ($X per ton), while the average price for exports to Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced a decline.

Monophenols Imports

Imports into Finland

In 2023, overseas purchases of monophenols decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, monophenols imports shrank rapidly to $X in 2023. Over the period under review, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, the Netherlands (X tons) constituted the largest supplier of monophenols to Finland, accounting for a X% share of total imports. Moreover, monophenols imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of monophenols to Finland, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the average monophenols import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform