Finland: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Finland

The Finnish unvulcanised rubber market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, showed a perceptible reduction. Unvulcanised rubber consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Unvulcanised Rubber Production in Finland

In value terms, unvulcanised rubber production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable downturn. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Unvulcanised Rubber Exports

Exports from Finland

In 2022, after two years of growth, there was significant decline in shipments abroad of unvulcanised rubber, when their volume decreased by X% to X tons. Overall, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, unvulcanised rubber exports shrank rapidly to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for unvulcanised rubber exports from Finland, accounting for a X% share of total exports. Moreover, unvulcanised rubber exports to Russia exceeded the volume sent to the second major destination, Estonia (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume 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 Hungary (X% per year).

In value terms, the largest markets for unvulcanised rubber exported from Finland were Russia ($X), Estonia ($X) and Hungary ($X), with a combined X% share of total exports.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average unvulcanised rubber export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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 Poland ($X per ton), while the average price for exports to Russia ($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 Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanised Rubber Imports

Imports into Finland

In 2022, approx. X tons of unvulcanised rubber were imported into Finland; with a decrease of X% compared with the previous year. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, unvulcanised rubber imports rose markedly to $X in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs 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 Russia (X tons) were the main suppliers of unvulcanised rubber imports to Finland, with a combined X% share of total imports. Turkey, Denmark, Belgium, the UK and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest unvulcanised rubber suppliers to Finland were Germany ($X), Sweden ($X) and the UK ($X), together comprising X% of total imports. Denmark, Russia, Belgium, Turkey and the Netherlands lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average unvulcanised rubber import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import 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, unvulcanised rubber import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Russia ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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