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Finland - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Lubricant Additives Market Overview 2021

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Lubricant Additives Market Size in Finland

In 2019, after three years of growth, there was significant decline in the Finnish lubricant additives market, when its value decreased by -X% to $X. In general, consumption recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Lubricant Additives Production in Finland

In value terms, lubricant additives production dropped modestly to $X in 2019 estimated in export prices. In general, production continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2011 to 2019, production growth failed to regain the momentum.

Lubricant Additives Exports

Exports from Finland

After two years of decline, overseas shipments of prepared additives for mineral oils increased by X% to X tonnes in 2019. Overall, exports showed a tangible increase. Exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, lubricant additives exports soared to $X in 2019. In general, exports showed pronounced growth. Exports peaked at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Russia (X tonnes) was the main destination for lubricant additives exports from Finland, with a X% share of total exports. Moreover, lubricant additives exports to Russia exceeded the volume sent to the second major destination, Estonia (X tonnes), fivefold.

From 2007 to 2019, the average annual growth rate of volume to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and Lithuania (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and Lithuania (+X% per year).

Export Prices by Country

The average lubricant additives export price stood at $X per tonne in 2019, increasing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $X per tonne in 2010; however, from 2011 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Russia ($X per tonne), while the average price for exports to Lithuania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced a decline.

Lubricant Additives Imports

Imports into Finland

In 2019, imports of prepared additives for mineral oils into Finland shrank to X tonnes, reducing by -X% on the previous year's figure. Over the period under review, imports saw a noticeable decline. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, lubricant additives imports fell to $X in 2019. In general, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tonnes), Germany (X tonnes) and Belgium (X tonnes) were the main suppliers of lubricant additives imports to Finland, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK, while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest lubricant additives suppliers to Finland were the UK ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports.

In terms of the main suppliers, the UK recorded 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

In 2019, the average lubricant additives import price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the countries with the highest prices were Italy ($X per tonne) and France ($X per tonne), while the price for Germany ($X per tonne) and Belgium ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, 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 prepared additives for mineral oils in the world?
+
The country with the largest volume of lubricant additives consumption was China (1.6M tonnes), accounting for 21% of total volume. Moreover, lubricant additives consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (747K tonnes), twofold. India (565K tonnes) ranked third in terms of total consumption with a 7.4% share.
What are the largest producers of prepared additives for mineral oils in the world?
+
The countries with the highest volumes of lubricant additives production in 2019 were the U.S. (1.4M tonnes), China (1.4M tonnes) and France (1M tonnes), together accounting for 51% of global production. India, Italy, Germany, Singapore, Japan, Belgium, Russia, Brazil and Mexico lagged somewhat behind, together comprising a further 39%.
What are the leading suppliers of prepared additives for mineral oils to Finland?
+
In value terms, the largest lubricant additives suppliers to Finland were the UK ($27M), Germany ($15M) and Belgium ($12M), with a combined 81% share of total imports.
What are the leading importers of prepared additives for mineral oils from Finland?
+
In value terms, Russia ($9M) remains the key foreign market for lubricant additives exports from Finland, comprising 86% of total exports. The second position in the ranking was occupied by Estonia ($679K), with a 6.5% share of total exports.
What is the average export price for prepared additives for mineral oils in Finland?
+
In 2019, the average lubricant additives export price amounted to $3,275 per tonne, picking up by 72% against the previous year.
What is the average import price for prepared additives for mineral oils in Finland?
+
The average lubricant additives import price stood at $3,012 per tonne in 2019, with a decrease of -5.1% against the previous year.

Product coverage:
• Prodcom 20594250 - Anti-knock preparations
• Prodcom 20594270 - Additives for lubricating oils
• Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)

This report provides an in-depth analysis of the lubricant additives market 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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