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Finland - Nitric Acid And Sulphonitric Acids - Market Analysis, Forecast, Size, Trends And Insights
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Finland: Overview of the Market for Nitric Acid And Sulphonitric Acids 2021

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Market Size for Nitric Acid And Sulphonitric Acids in Finland

The Finnish nitric and sulphonitric acids market surged to $X in 2020, jumping by X% against the previous year. Overall, consumption posted buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Nitric Acid And Sulphonitric Acids in Finland

In value terms, nitric and sulphonitric acids production dropped slightly to $X in 2020 estimated in export prices. In general, production continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% against the previous year. Nitric and sulphonitric acids production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Finland

In 2020, overseas shipments of nitric acid and sulphonitric acids decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. In general, exports showed a abrupt decline. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, nitric and sulphonitric acids exports shrank remarkably to $X in 2020. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Sweden (X tonnes) was the main destination for nitric and sulphonitric acids exports from Finland, with a X% share of total exports. Moreover, nitric and sulphonitric acids exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Sweden amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and Russia (+X% per year).

In value terms, Sweden ($X) remains the key foreign market for nitric and sulphonitric acids exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Sweden totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Estonia (+X% per year).

Export Prices by Country

In 2020, the average nitric and sulphonitric acids export price amounted to $X per tonne, jumping by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

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

Imports of Nitric Acid And Sulphonitric Acids

Imports into Finland

In 2020, overseas purchases of nitric acid and sulphonitric acids decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. From 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, nitric and sulphonitric acids imports soared to $X in 2020. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, Norway (X tonnes) constituted the largest supplier of nitric and sulphonitric acids to Finland, with a X% share of total imports. Moreover, nitric and sulphonitric acids imports from Norway exceeded the figures recorded by the second-largest supplier, Poland (X tonnes), twofold. The third position in this ranking was occupied by Russia (X tonnes), with a X% share.

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

In value terms, Norway ($X) constituted the largest supplier of nitric and sulphonitric acids to Finland, comprising X% of total imports. The second position in the ranking was occupied by Poland ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Norway stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Russia (-X% per year).

Import Prices by Country

In 2020, the average nitric and sulphonitric acids import price amounted to $X per tonne, growing by X% against the previous year. In general, import price indicated a noticeable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nitric and sulphonitric acids import price increased by +X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Norway (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitric acid and sulphonitric acids in the world?
+
China (2.4M tonnes) constituted the country with the largest volume of nitric and sulphonitric acids consumption, comprising approx. 24% of total volume. Moreover, nitric and sulphonitric acids consumption in China exceeded the figures recorded by the second-largest consumer, India (1.1M tonnes), twofold. The third position in this ranking was occupied by the U.S. (883K tonnes), with a 8.9% share.
What are the largest producers of nitric acid and sulphonitric acids in the world?
+
China (2.4M tonnes) constituted the country with the largest volume of nitric and sulphonitric acids production, accounting for 24% of total volume. Moreover, nitric and sulphonitric acids production in China exceeded the figures recorded by the second-largest producer, India (1.1M tonnes), twofold. The U.S. (896K tonnes) ranked third in terms of total production with a 9.1% share.
What are the leading suppliers of nitric acid and sulphonitric acids to Finland?
+
In value terms, Norway ($1.8M) constituted the largest supplier of nitric and sulphonitric acids to Finland, comprising 59% of total imports. The second position in the ranking was occupied by Poland ($514K), with a 17% share of total imports. It was followed by Russia, with a 5.9% share.
What are the leading importers of nitric acid and sulphonitric acids from Finland?
+
In value terms, Sweden ($392K) remains the key foreign market for nitric and sulphonitric acids exports from Finland, comprising 65% of total exports. The second position in the ranking was occupied by Russia ($122K), with a 20% share of total exports.
What is the average export price for nitric acid and sulphonitric acids in Finland?
+
In 2020, the average nitric and sulphonitric acids export price amounted to $156 per tonne, surging by 25% against the previous year.
What is the average import price for nitric acid and sulphonitric acids in Finland?
+
In 2020, the average nitric and sulphonitric acids import price amounted to $378 per tonne, jumping by 129% against the previous year.

Product coverage:
• Prodcom 20151050 - Nitric acid, sulphonitric acids

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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