Finland: Rare Gases Market 2024

Rare Gases Market Size in Finland

The Finnish rare gases market contracted rapidly to $X in 2022, which is down by X% against the previous year. In general, consumption saw a noticeable downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Rare Gases Production in Finland

In value terms, rare gases production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Rare gases production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from Finland

In 2022, rare gases exports from Finland soared to X cubic meters, growing by X% on the year before. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rare gases exports soared to $X in 2022. In general, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X cubic meters), Sweden (X cubic meters) and Denmark (X cubic meters) were the main destinations of rare gases exports from Finland, with a combined X% share of total exports.

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

In value terms, Denmark ($X), Latvia ($X) and Germany ($X) constituted the largest markets for rare gases exported from Finland worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rare gases export price stood at $X per cubic meter in 2022, reducing by X% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 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 cubic meter. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per cubic meter), while the average price for exports to Sweden ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rare Gases Imports

Imports into Finland

In 2022, purchases abroad of rare gases (excluding argon) increased by X% to X cubic meters, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X cubic meters. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, rare gases imports reduced to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest rare gases supplier to Finland, accounting for a X% share of total imports. Moreover, rare gases imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X cubic meters), sevenfold. Poland (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Poland (X.0% per year).

In value terms, Germany ($X) constituted the largest supplier of rare gases (excluding argon) to Finland, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Austria (X% per year).

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, falling by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per cubic meter), while the price for Poland ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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