Compounded unvulcanised rubber market in Finland

Earlier Report Observations

The Finnish market for compounded unvulcanised rubber experienced significant fluctuations in both volume and value between 2018 and 2024. In physical terms, market volume declined from over 6 000 tons in 2018 to a low of 4 625 tons in 2020, before partially recovering to 5 207 tons in 2022. However, volume contracted sharply to 2 614 tons in 2023, reflecting a major reduction in consumption.

In value terms, the market size showed a different trajectory, rising from $23.4 million in 2018 to a peak of $25.2 million in 2023, despite the drop in physical volume. This divergence suggests a shift toward higher-value products or increased input costs. The market value then fell to $20.1 million in 2024, aligning with the low volume trend observed in the previous year.

Production compounded unvulcanised rubber in Finland

In value, 2017-2020, K $ US

Finland's production of compounded unvulcanised rubber declined for the second year in a row. In 2020, output was valued at 10 003 thousand US dollars, showing a slight reduction of 1.4% compared to 2019. Over the period from 2017 to 2020, production decreased by 5.1%, with an average annual decline of 1.7%. The highest value was recorded in 2018 at 11 644 thousand US dollars, which represented a 10.4% increase from the previous year. The largest decline occurred in 2019, with a drop of 12.9%.

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

In kind, 2017-2020, t

In 2020, Finland produced 2 397 tonnes of compounded unvulcanised rubber, marking a small rise of 0.9% compared to 2019. Between 2017 and 2020, production decreased by 2.9%, equating to an average annual decline of 1.0%. The lowest volume was recorded in 2019 at 2 377 tonnes, which was a 7.8% decrease from 2018. The highest volume was in 2018 at 2 579 tonnes, representing a 4.5% increase from the previous year.

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

Exports compounded unvulcanised rubber from Finland

Exports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Exports peaked in 2017 and reached their lowest point in 2019, showing a 4.5-fold difference between these years. In 2020, compounded unvulcanised rubber exports from Finland were recorded at 849 tonnes, which is 97.8% higher than in 2019. The minimum value was recorded in 2019 at 429 tonnes, marking a significant decline of 71.2% from the previous year.

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

From 2017 to 2020, Russia accounted for 85.8% of Finland's total exports of compounded unvulcanised rubber in volume terms, while the remaining flows were distributed among multiple smaller partners.

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

Compounded unvulcanised rubber exports from Finland declined for the third consecutive year. In 2020, export volume was recorded at 3 018 thousand US dollars, amounting to a modest reduction of 6.4% compared to 2019. Over the period from 2017 to 2020, exports decreased by 44.5%, with an average annual decline of 17.8%.

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

Throughout 2017 to 2020, Russia dominated Finland's export partner structure in value terms, holding a 72.6% share of total flows, while other markets had comparatively modest shares.

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

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

Imports compounded unvulcanised rubber to Finland

Imports in kind, t

Imported volumes of compounded unvulcanised rubber into Finland declined for the second consecutive year. In 2020, imports amounted to 3 077 tonnes, equivalent to a robust drop of 20.5% year-on-year. Between 2017 and 2020, imports decreased by 34.6%, equating to an average annual decline of 13.2%. The highest volume was recorded in 2018 at 5 363 tonnes, which was a 14.0% increase from 2017. The largest decline occurred in 2019, with a drop of 27.9%.

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

From 2017 to 2020, Hungary (with 23.4% of imports in volume terms), Germany (20.0%), and Russia (17.1%) were the primary suppliers of compounded unvulcanised rubber to Finland, jointly accounting for 60.5% of total imports in volume terms.

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 a two-year rise, cross-border shipments of compounded unvulcanised rubber into Finland declined. In 2020, import volume stood at 11 125 thousand US dollars, showing a decrease of 34.5% from 2019. Over the period from 2017 to 2020, imports decreased by 18.7%, with an average annual decline of 6.7%. The highest value was recorded in 2019 at 16 987 thousand US dollars, which was a 17.2% increase from 2018.

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

From 2017 to 2020, Germany (with 22.7% of imports in value terms), Sweden (17.4%), and Hungary (17.1%) were the primary suppliers of compounded unvulcanised rubber to Finland, jointly accounting for 57.1% of total imports in value terms.

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

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