Asphalt or similar material articles in rolls market in Finland

Earlier Report Observations

The market for asphalt articles in rolls in Finland showed significant volume volatility from 2018 to 2020. Volume fell to 12 800 thousand m² in 2019 but surged to 20 630 thousand m² in 2020. Market value remained more stable, with a slight dip to 52 903 thousand US dollars in 2019 and a modest increase to 55 095 thousand US dollars in 2020. Price volatility for bitumen, tied to a monthly index, introduced pricing uncertainty for asphalt products during this period.

In 2021, a rise in bitumen prices increased the cost of asphalt works, pushing the market value to 60 542 thousand US dollars despite a drop in physical volume to 17 448 thousand m². The following year, construction costs jumped sharply, driven by higher bitumen and transport service prices, contributing to a significant contraction in both market volume to 12 384 thousand m² and value to 42 567 thousand US dollars.

Market volume began recovering in 2023, reaching 13 928 thousand m² with a value of 53 892 thousand US dollars. By 2024, technological advances in construction and the development of more versatile applications for bitumen coatings by manufacturers like Katepal supported a further volume increase to 14 371 thousand m², while market value declined to 47 242 thousand US dollars amid sustained high bitumen prices.

Production asphalt articles in rolls in Finland

In value, 2017-2020, K $ US

In Finland, the production value of asphalt or similar material articles in rolls reached 59 202 thousand US dollars in 2020, marking a strong increase of 10.7% compared to the previous year. Over the period from 2017 to 2020, production grew by 9.5%, with an average annual growth rate of 3.1%. The lowest value was recorded in 2019 at 53 470 thousand US dollars, which also saw the largest decline of 5.9%.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

In kind, 2017-2020, K m²

After two years of contraction, the production of asphalt or similar material articles in rolls in Finland rebounded. In 2020, Finland produced 19 540 thousand square meters of these materials, representing a 9.1% increase from the previous year. The lowest production level was in 2019 at 17 913 thousand square meters, which experienced the largest decline of 4.2%.

Annual dynamics of production in Finland in kind, 2017-2020, K m²

Exports asphalt articles in rolls from Finland

Exports in kind, K m²

Finland exported 4 197 thousand square meters of asphalt or similar material articles in rolls in 2020, reflecting a sharp decline of 57.3% year-over-year. From 2017 to 2020, exports decreased by 44.6%, with an average annual decline of 17.9%. The peak export volume was in 2019 at 9 835 thousand square meters, which also recorded the largest increase of 54.4%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K m²

Between 2017 and 2020, Sweden was the primary buyer of asphalt or similar material articles in rolls from Finland, accounting for 74.6% of total exports in volume, while other partners held relatively modest shares.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

Following a two-year decline, Finland's exports of asphalt or similar material articles in rolls in monetary terms increased. In 2020, export value stood at 15 794 thousand US dollars, showing a significant rise of 23.8% compared to 2019. From 2017 to 2020, exports grew by 10.5%, equivalent to an average annual rate of 3.4%. The lowest value was in 2019 at 12 760 thousand US dollars, with the largest decline occurring in 2018 at 7.5%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

From 2017 to 2020, Sweden, Norway, and Russia were the main destinations for Finland's exports of asphalt or similar material articles in rolls in value terms. Sweden accounted for 69.8% of exports, Norway for 10.1%, and Russia for 5.9%, together making up 85.7% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports asphalt articles in rolls to Finland

Imports in kind, K m²

Finland's imports of asphalt or similar material articles in rolls in volume terms increased for the third consecutive year. In 2020, import volume reached 5 287 thousand square meters, up by 12.0% compared to the prior year. Over the period from 2017 to 2020, imports rose by 20.1%, with an average annual growth rate of 6.3%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K m²

Between 2017 and 2020, Russia, Sweden, and Belgium were the key sources for Finland's imports of asphalt or similar material articles in rolls in volume. Russia supplied 55.9% of imports, Sweden 13.1%, and Belgium 8.7%, collectively representing 77.6% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

After two years of growth, Finland's imports of asphalt or similar material articles in rolls in monetary terms declined. In 2020, import value came to 11 686 thousand US dollars, down by 4.2% from the previous year. From 2017 to 2020, imports increased by 18.5%, equating to an average annual rate of 5.8%. The highest value was recorded in 2019 at 12 194 thousand US dollars, which also saw the largest increase of 14.1%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

During 2017 to 2020, Russia, France, and Belgium were the main sources for Finland's imports of asphalt or similar material articles in rolls in value terms. Russia accounted for 53.0% of imports, France for 12.2%, and Belgium for 11.4%, together absorbing 76.6% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020