Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Finland - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Finland (CIF) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Finland (FOB) - 2023
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Finland
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Finland
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Finland (CIF) - 2023
In November 2023, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $5,010 per ton, with an increase of 1.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 12% m-o-m. The import price peaked at $5,318 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($7,544 per ton), while the price for Sweden ($3,782 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Finland (FOB) - 2023
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $2,411 per ton in November 2023, dropping by -3.1% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 12% m-o-m. The export price peaked at $2,794 per ton in August 2023; however, from September 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was France ($4,147 per ton), while the average price for exports to Poland ($1,890 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Finland
For the fourth year in a row, Finland recorded growth in supplies from abroad of adhesives; prepared, based on rubber or plastics (including artificial resins), which increased by 2.1% to 8K tons in 2022. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) expanded notably to $36M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 7.6 | 8.0 | 9.7 | 11.4 | 14.5% |
| Germany | 13.4 | 9.4 | 11.1 | 11.2 | -5.8% |
| Denmark | 1.1 | 2.8 | 3.0 | 2.8 | 36.5% |
| Belgium | 0.5 | 1.4 | 2.4 | 2.4 | 68.7% |
| Netherlands | 0.6 | 1.6 | 1.6 | 1.7 | 41.5% |
| Estonia | 0.1 | N/A | N/A | 1.5 | 146.6% |
| Italy | 0.6 | 0.5 | 0.6 | 1.0 | 18.6% |
| France | 1.2 | 0.9 | 1.0 | 1.0 | -5.9% |
| Others | 4.9 | 4.2 | 3.7 | 3.1 | -14.2% |
| Total | 29.8 | 28.9 | 33.0 | 36.1 | 6.6% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Finland in 2022:
- Sweden (2946.3 tons)
- Germany (2162.3 tons)
- Belgium (626.4 tons)
- Denmark (531.3 tons)
- Netherlands (497.1 tons)
- Estonia (365.4 tons)
- Italy (209.5 tons)
- France (124.4 tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Finland
After three years of growth, overseas shipments of adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -15.6% to 9.1K tons in 2022. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 18%. As a result, the exports reached the peak of 11K tons, and then dropped notably in the following year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) dropped to $22M in 2022. The total export value increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. As a result, the exports attained the peak of $25M, and then declined in the following year.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.7 | 2.4 | 3.7 | 4.5 | 18.6% |
| Estonia | 1.7 | 1.6 | 3.5 | 3.9 | 31.9% |
| Russia | 4.6 | 3.7 | 4.5 | 2.6 | -17.3% |
| Sweden | 2.2 | 2.1 | 2.2 | 2.3 | 1.5% |
| Lithuania | 1.3 | 1.3 | 1.9 | 2.0 | 15.4% |
| Latvia | 1.0 | 1.1 | 2.4 | 1.8 | 21.6% |
| Ukraine | 1.7 | 1.8 | 2.1 | 1.7 | 0.0% |
| Czech Republic | 1.0 | 1.0 | 0.3 | N/A | -45.2% |
| Others | 2.3 | 2.9 | 4.0 | 3.0 | 9.3% |
| Total | 18.5 | 17.9 | 24.6 | 21.8 | 5.6% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Finland in 2022:
- Poland (2.2K tons)
- Estonia (1.8K tons)
- Russia (1.0K tons)
- Sweden (0.9K tons)
- Ukraine (0.8K tons)
- Lithuania (0.8K tons)
- Latvia (0.8K tons)
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