Carbonates and percarbonates market in Finland

Earlier Report Observations

The market for carbonates and percarbonates in Finland stood at 1.5 million tons in 2018, but began a multi-year decline that saw volumes drop by nearly 45% to 809 thousand tons by 2023. This downward trend was interrupted only in 2024, when the market volume edged up 6% to 859 thousand tons.

The sharp contraction in market size was particularly pronounced in 2023, falling 15% to 809 thousand tons. This decline was directly linked to reduced demand for forest industry products in key export markets, a sector that is a significant consumer of these industrial chemicals for processes like pulp bleaching.

The modest market recovery in 2024 coincided with the implementation of Finland's new Circular Economy Act, which promotes sustainable material use, and a growing emphasis on carbon dioxide capture and utilization technologies. These developments likely supported demand for carbonates and percarbonates in new applications related to emission reduction and resource efficiency.

Production carbonates and percarbonates in Finland

In value, 2017-2020, M $ US

Finland's production of carbonates and percarbonates declined for the second consecutive year. In 2020, output was valued at 165.1 million US dollars, reflecting a slight year-on-year decrease of 2.5%. Production fell by 12.5% between 2017 and 2020, which translates to an annualized decline rate of 4.4%. The highest value was recorded in 2018 at 202.8 million US dollars, with the largest annual increase of 7.5% occurring that same year. The most significant drop occurred in 2019, when production decreased by 16.5%.

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

In kind, 2017-2020, K t

Carbonates and percarbonates production in Finland declined for the second consecutive year. In 2020, Finland produced 1 159 thousand tonnes, representing a modest decrease of 4.9% compared to 2019. Over the period from 2017 to 2020, production decreased by 11.7%, with a compound annual growth rate of -4.1%.

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

Exports carbonates and percarbonates from Finland

Exports in kind, K t

In 2020, Finland's exports of carbonates and percarbonates totaled 10.4 thousand tonnes, marking a sharp increase of 30.7% from the previous year. However, over the period from 2017 to 2020, exports decreased by 30.4%, with a compound annual growth rate of -11.4%. The lowest export volume was recorded in 2019 at 7.9 thousand tonnes, while the highest was in 2018 at 16.1 thousand tonnes. The largest annual decline occurred in 2019, with a drop of 50.9%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K t

From 2017 to 2020, Russia was the primary buyer of carbonates and percarbonates from Finland, accounting for 88.7% of total exports in volume terms. Other trading partners held relatively modest shares during this period.

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

Finland's export value of carbonates and percarbonates declined for the second consecutive year. In 2020, exports amounted to 2 749 thousand US dollars, indicating a robust decrease of 18.6% compared to 2019. Between 2017 and 2020, exports decreased by 6.9%, equating to an annualized decline rate of 2.4%. The highest value was recorded in 2018 at 3 657 thousand US dollars, with the largest annual increase of 23.8% occurring that same year.

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

From 2017 to 2020, Russia was the dominant buyer of carbonates and percarbonates from Finland in value terms, accounting for 79.4% of total exports. Other countries shared the remaining portion of export value during this period.

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

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

Imports carbonates and percarbonates to Finland

Imports in kind, K t

Finland's imports of carbonates and percarbonates declined for the third consecutive year. In 2020, imports amounted to 46.5 thousand tonnes, reflecting a significant decrease of 19.9% compared to 2019. Between 2017 and 2020, imports decreased by 92.7%, which translates to an annualized decline rate of 58.2%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K t

From 2017 to 2020, Norway accounted for 75.2% of Finland's total imports of carbonates and percarbonates in volume terms. The remaining imports were distributed among a broad group of smaller countries.

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

Finland's import value of carbonates and percarbonates declined for the third consecutive year. In 2020, imports totaled 13 568 thousand US dollars, which is 23.4% lower than the previous year. Over the period from 2017 to 2020, imports decreased by 78.2%, with a compound annual growth rate of -39.8%.

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

From 2017 to 2020, the main sources of carbonates and percarbonates imports to Finland in value terms were Norway, accounting for 47.3% of imports, Poland with 30.9%, and Russia with 7.2%. Together, these three countries represented 85.5% of total import flows during this period.

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

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