EPS in primary forms market in Finland

Earlier Report Observations

The Finnish market for expandable polystyrene (EPS) in primary forms saw significant shifts between 2018 and 2024, with a notable contraction in overall volume from 2021 onward. Domestic production peaked at 103.8 thousand tons in 2021 before falling sharply to 61.9 thousand tons by 2024, while imports also declined from 10.6 thousand tons to 6.6 thousand tons over the same period, leading to a reduction in total market size from 114.3 to 68.6 thousand tons. This downward trend was accompanied by market consolidation, exemplified by BEWiSynbra's acquisition of the Finnish insulation manufacturer Ruukin EPS in 2022, which expanded the company's geographic footprint and product solutions in the Nordic region.

The market's value followed a similar pattern, dropping from 252.6 million USD in 2021 to 126.6 million USD in 2024. The period from 2018 to 2020 showed relative stability in import volumes, averaging around 8 thousand tons annually, before the sharp peak and subsequent decline.

Production EPS in primary forms in Finland

According to Faostat, there is no production of EPS in primary forms in Finland.

Exports EPS in primary forms from Finland

According to industry analysis, Finland did not export any EPS in primary forms between 2017 and 2020.

Imports EPS in primary forms to Finland

Imports in kind, t

Finland's imports of EPS in primary forms increased for the second consecutive year. In 2019, imports rose by 18.1%, reaching their highest point. However, in 2020, imports showed no significant change year-over-year, totaling 8 427 tonnes. Over the period from 2017 to 2020, imports decreased by 8.5%, which corresponds to an annualized rate of 2.9%. The lowest import volume was recorded in 2018 at 7 110 tonnes, marking a decline of 22.8% from the previous year.

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

From 2017 to 2020, the main sources for Finland's imports of EPS in primary forms in volume terms were Germany, accounting for 60.4% of imports, the Netherlands with 13.4%, and France at 11.1%. Together, these three countries represented 84.9% 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

Finland's imports of EPS in primary forms in value terms declined for the third consecutive year. In 2020, imports amounted to 10 084 thousand US dollars, reflecting a solid reduction of 15.4% compared to 2019. Over the 2017-2020 period, imports decreased by 38.6%, with a compound annual growth rate of -15.0%.

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

Throughout 2017 to 2020, Germany remained the leading market for Finland's imports of EPS in primary forms in value terms, holding 61.4% of imports. The Netherlands followed with 12.5%, and France accounted for 11.9%. Collectively, these three countries made up 85.8% of total import flows.

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

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