Finland: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Finland

The Finnish polypropylene in primary forms market contracted to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Polypropylene in Primary Forms in Finland

In value terms, polypropylene in primary forms production shrank markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Exports of Polypropylene in Primary Forms

Exports from Finland

In 2022, after two years of growth, there was significant decline in shipments abroad of polypropylene in primary forms, when their volume decreased by X% to X tons. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, polypropylene in primary forms exports reduced markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and Sweden (X tons) were the main destinations of polypropylene in primary forms exports from Finland, together comprising X% of total exports. Austria, Turkey, the Czech Republic, the UK, Serbia, Belgium, Poland, Norway, Portugal and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for polypropylene in primary forms exports from Finland, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polypropylene in primary forms export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Finland

In 2022, overseas purchases of polypropylene in primary forms decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a noticeable contraction. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polypropylene in primary forms imports contracted notably to $X in 2022. Over the period under review, imports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and Austria (X tons) were the main suppliers of polypropylene in primary forms imports to Finland, with a combined X% share of total imports. Belgium, the Netherlands, Denmark, Saudi Arabia, Russia and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene in primary forms suppliers to Finland were Germany ($X), Sweden ($X) and Denmark ($X), with a combined X% share of total imports. Belgium, Austria, the Netherlands, Russia, Saudi Arabia and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polypropylene in primary forms import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polypropylene in primary forms import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform