Finland: Silicone Market Overview 2020

Silicone Market Size in Finland

The revenue of the silicone market in Finland amounted to $X in 2018, lowering by -X% against the previous year. Over the period under review, silicone consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Silicone consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Silicone Production in Finland

In value terms, silicone production amounted to $X in 2018 estimated in export prices. Over the period under review, silicone production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when production volume increased by X% against the previous year. Silicone production peaked in 2018 and is expected to retain its growth in the immediate term.

Silicone Exports

Exports from Finland

In 2018, approx. X tonnes of silicones (in primary forms) were exported from Finland; jumping by X% against the previous year. In general, silicone exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. Over the period under review, silicone exports attained their maximum at X tonnes in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, silicone exports totaled $X in 2018. Overall, silicone exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Russia (X tonnes) was the main destination for silicone exports from Finland, accounting for a X% share of total exports. Moreover, silicone exports to Russia exceeded the volume sent to the second major destination, Germany (X tonnes), eightfold. The third position in this ranking was occupied by Chile (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Chile (+X% per year).

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

From 2007 to 2018, 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: Chile (+X% per year) and Germany (+X% per year).

Export Prices by Country

The average silicone export price stood at $X per tonne in 2018, declining by -X% against the previous year. Overall, the silicone export price continues to indicate a drastic reduction. The growth pace was the most rapid in 2009 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for silicones (in primary forms) attained their peak figure at $X per tonne in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Chile ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Chile, while the prices for the other major destinations experienced a decline.

Silicone Imports

Imports into Finland

In 2018, the imports of silicones (in primary forms) into Finland totaled X tonnes, picking up by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, silicone imports attained their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, silicone imports stood at $X in 2018. Over the period under review, silicone imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

France (X tonnes), Germany (X tonnes) and Belgium (X tonnes) were the main suppliers of silicone imports to Finland, together accounting for X% of total imports. The Netherlands, the UK, the U.S. and Sweden lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the UK, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the largest silicone suppliers to Finland, together comprising X% of total imports.

In terms of the main suppliers, Germany experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicone import price stood at $X per tonne in 2018, jumping by X% against the previous year. Overall, the silicone import price, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for silicones (in primary forms) reached their peak figure at $X per tonne in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, 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 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform