Price for Poly(Lactic Acid); in Primary Forms in Finland - 2023

Contents:

  1. Price for Poly(Lactic Acid); in Primary Forms in Finland (CIF) - 2023
  2. Price for Poly(Lactic Acid); in Primary Forms in Finland (FOB) - 2022
  3. Imports of Poly(Lactic Acid); in Primary Forms in Finland
  4. Exports of Poly(Lactic Acid); in Primary Forms in Finland

Price for Poly(Lactic Acid); in Primary Forms in Finland (CIF) - 2023

In May 2023, the average import price for poly(lactic acid); in primary formses amounted to $6,325 per ton, declining by -5.6% against the previous month. Over the period under review, the import price recorded a pronounced setback. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 126% m-o-m. As a result, import price attained the peak level of $10,373 per ton. From March 2023 to May 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Belgium ($31,885 per ton), while the price for Germany ($5,634 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Belgium (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Poly(Lactic Acid); in Primary Forms in Finland (FOB) - 2022

The average export price for poly(lactic acid); in primary formses stood at $59,178 per ton in 2022, with an increase of 53% against the previous year. In general, the export price, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 142% against the previous year. The export price peaked at $89,175 per ton in 2012; however, from 2013 to 2022, the 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 Israel ($72,624 per ton), while the average price for exports to Norway ($26,027 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 China (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Poly(Lactic Acid); in Primary Forms in Finland

In 2022, purchases abroad of poly(lactic acid); in primary formses decreased by -0.2% to 246 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 463%. As a result, imports reached the peak of 353 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, poly(lactic acid); in primary forms imports skyrocketed to $1.5M in 2022. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 376% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Poly(Lactic Acid); in Primary Forms in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands1.2845571990837.9%
Germany17034241535227.5%
BelgiumN/A37.755.587.652.4%
Others86.84.854.854.6-14.3%
Total2581,2301,0961,48479.2%

Top Suppliers of Poly(Lactic Acid); in Primary Forms to Finland in 2022:

  1. Germany (114.0 tons)
  2. Netherlands (100.8 tons)
  3. Belgium (27.8 tons)

Exports of Poly(Lactic Acid); in Primary Forms in Finland

In 2022, shipments abroad of poly(lactic acid); in primary formses decreased by -45.2% to 4.1 tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 178%. As a result, the exports reached the peak of 8.6 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, poly(lactic acid); in primary forms exports contracted markedly to $242K in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 178%.

Export of Poly(Lactic Acid); in Primary Forms in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Israel56.119215914737.9%
FranceN/AN/AN/A17.90%
South Korea2.81.32.316.982.1%
TurkeyN/A10.221.916.025.2%
United States14.30.313.314.1-0.5%
Switzerland20.40.70.710.9-18.9%
PortugalN/AN/AN/A4.00%
Japan1.84.6N/A2.511.6%
Norway2.21.11.51.2-18.3%
China4.972.978.80.1-72.7%
Others0.11.810.810.7374.7%
Total10328528924232.9%

Top Export Markets for Poly(Lactic Acid); in Primary Forms from Finland in 2022:

  1. Israel (2028.0 kg)
  2. France (527.0 kg)
  3. United States (352.0 kg)
  4. South Korea (274.0 kg)
  5. Switzerland (268.0 kg)
  6. Turkey (221.0 kg)
  7. Portugal (137.0 kg)
  8. Norway (47.0 kg)
  9. Japan (35.0 kg)
  10. China (5.0 kg)

Source: IndexBox Market Intelligence Platform

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