Compounded with carbon black or silica market in Finland

Earlier Report Observations

The market for unvulcanised rubber compounded with carbon black or silica in Finland displayed considerable volatility from 2018 to 2024. After growing to 14.5 million US dollars in 2019, the market size declined over the next two years, falling to 10.0 million US dollars in 2021.

A strong recovery began in 2022, with the market reaching 13.4 million US dollars that year. This expansion accelerated in 2023, when the market size surged to 18.9 million US dollars, a 41% increase from 2022, supported by a simultaneous rise in domestic production value to 15.1 million US dollars. The trend reversed in 2024, as the market contracted sharply to 12.2 million US dollars, alongside a drop in production and higher export activity.

Production compounded with carbon black or silica in Finland

In value, 2017-2020, K $ US

Production of carbon black or silica compounds in Finland declined for the second consecutive year. In 2020, output was valued at 9 220 thousand US dollars, marking a slight decline of 1.8% compared to the previous year. Between 2017 and 2020, production decreased by 7.3%, which equates to an annualized rate of 2.5%. The maximum value was recorded in 2018 at 10 920 thousand US dollars. The largest decline occurred in 2019, falling by 14.0%, while the largest increase was in 2018, rising by 9.8%.

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

In kind, 2017-2020, t

In 2020, Finland produced 2 328 tonnes of carbon black or silica compounds, showing a year-on-year rise of 2.8%. The minimum value was recorded in 2019 at 2 265 tonnes, and the maximum in 2018 at 2 479 tonnes. The largest decline occurred in 2019, dropping by 8.6%, while the largest increase was in 2018, rising by 4.6%.

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

Exports compounded with carbon black or silica 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, with a 4.4-fold difference between these years. In 2020, Finland's export volume of carbon black or silica compounds reached 746 tonnes, up by 76.0% compared to the prior year. The minimum value was recorded in 2019 at 424 tonnes, with the largest decline occurring that year, falling by 69.7%.

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

From 2017 to 2020, Russia remained the almost exclusive buyer of carbon black or silica compounds from Finland, accounting for 90.1% of total exports in kind.

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

After a two-year decline, Finland's exports of carbon black or silica compounds increased. In 2020, exports registered 2 233 thousand US dollars, reflecting a 4.6% increase compared to 2019. Over the period from 2017 to 2020, exports decreased by 54.8%, with a compound annual growth rate of -23.2%. The minimum value was recorded in 2019 at 2 134 thousand US dollars, and the largest decline occurred that year, falling by 39.5%.

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

From 2017 to 2020, Russia played a leading role in the value of carbon black or silica compound exports from Finland, with a share of 80.7% of total flows, while the remainder was distributed across other partners.

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 with carbon black or silica to Finland

Imports in kind, t

After a two-year rise, imports of carbon black or silica compounds into Finland declined. In 2020, import volume amounted to 1 525 tonnes, marking a drop of 29.4% from the year earlier. Between 2017 and 2020, imports decreased by 11.9%, equating to an annualized rate of 4.2%. The maximum value was recorded in 2019 at 2 160 tonnes, and the largest increase occurred in 2018, rising by 21.4%.

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

From 2017 to 2020, Russia, Sweden, and Germany remained the key partners for imports in kind, with shares of 34.6%, 29.3%, and 18.6% respectively, together accounting for 82.5% of total 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 a two-year advance, imports of carbon black or silica compounds into Finland from abroad declined. In 2020, Finland imported approximately 4 575 thousand US dollars of these compounds, marking a decline of 36.7% relative to the prior year. The maximum value was recorded in 2019 at 7 231 thousand US dollars, and the largest increase occurred in 2018, rising by 34.2%.

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

From 2017 to 2020, three principal markets—Russia, Sweden, and Germany—together accounted for 76.7% of total imports in value terms of carbon black or silica compounds to Finland.

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

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