Finland: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Finland

The Finnish unsaturated acyclic hydrocarbons market declined remarkably to $X in 2021, which is down by -52% against the previous year. In general, consumption recorded a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Production in Finland

In value terms, unsaturated acyclic hydrocarbons production shrank to $X in 2021 estimated in export price. Overall, production faced a deep slump. The growth pace was the most rapid in 2019 with an increase of 91%. Unsaturated acyclic hydrocarbons production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Finland

In 2013, the amount of unsaturated acyclic hydrocarbons exported from Finland shrank to X tons, with a decrease of -13.3% on 2012. Over the period under review, exports faced a abrupt decrease. The exports peaked at X tons in 2012, and then dropped in the following year.

In value terms, unsaturated acyclic hydrocarbons exports declined markedly to $X in 2013. In general, exports continue to indicate a sharp decrease. Over the period under review, the exports hit record highs at $X in 2012, and then contracted remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from Finland, accounting for a 50% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to the United States exceeded the volume sent to the second major destination, Israel (X tons), twofold. The third position in this ranking was taken by Latvia (X tons), with a 14% share.

From 2012 to 2013, the average annual rate of growth in terms of volume to the United States amounted to -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-7.1% per year) and Latvia (-10.3% per year).

In value terms, Israel ($X), the United States ($X) and Latvia ($X) constituted the largest markets for unsaturated acyclic hydrocarbons exported from Finland worldwide, together accounting for 79% of total exports. Sweden, Estonia and the Netherlands lagged somewhat behind, together accounting for a further 18%.

Among the main countries of destination, the Netherlands, with a CAGR of +217.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average unsaturated acyclic hydrocarbons export price stood at $X per ton in 2013, reducing by -10.7% against the previous year. Over the period under review, the export price showed a deep setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2013, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2013, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+62.0%), while the prices for the other major destinations experienced a decline.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Finland

Unsaturated acyclic hydrocarbons imports into Finland rose sharply to X tons in 2021, with an increase of 8% against 2020 figures. Overall, imports enjoyed buoyant growth. The growth pace was the most rapid in 2014 with an increase of 97%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons imports surged to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.0% against 2014 indices. The pace of growth appeared the most rapid in 2014 with an increase of 89% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of unsaturated acyclic hydrocarbons to Finland, with a 79% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), eightfold. The third position in this ranking was held by the United States (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +96.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+48.3% per year) and the United States (+255.8% per year).

In value terms, Germany ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Finland, comprising 77% of total imports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total imports. It was followed by Sweden, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+29.5% per year) and Sweden (+35.0% per year).

Import Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons import price amounted to $X per ton, increasing by 19% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2020 an increase of 22%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :