Hydrogen fluoride market in Finland

Earlier Report Observations

Between 2018 and 2020, Finland's hydrogen fluoride market volume remained relatively stable, ranging from 17 700 to 18 800 tonnes per year. During this period, European consumption of hydrogen fluoride grew by 5.5% in 2020, supported by rising demand from the electronics and electric vehicle industries, which helped maintain Finnish market conditions despite minor fluctuations.

A sharp expansion occurred from 2021 to 2022, with market volume surging to 37 200 tonnes in 2022, more than double the 2020 level. This boom was driven by global factors including accelerated electric vehicle adoption, increased lithium production for batteries, and widespread supply chain disruptions that pushed European export prices up by 31% in 2022, raising the market value to USD 10.3 million.

The market contracted markedly after 2022, falling to 25 600 tonnes in 2023 and 15 800 tonnes in 2024. European market growth slowed, consumption dipped, and export prices declined by 1.8% in 2024, reflecting a broader cooling in demand after the previous years’ surge.

Production hydrogen fluoride in Finland

In value, 2017-2020, K $ US

In Finland, hydrogen fluoride production reached a value of 3 692 thousand US dollars in 2020, marking a slight increase of 2.7% compared to 2019. Over the period from 2017 to 2020, production grew by 17%, with an average annual growth rate of 5.4%. The highest value was recorded in 2018 at 3 824 thousand US dollars, which also saw the largest increase of 21.2%. In contrast, 2019 experienced the most significant decline of 6.0%.

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

In kind, 2017-2020, t

Finland's hydrogen fluoride production declined for the second year in a row. In 2020, output totaled 16 618 tonnes, reflecting a decrease of 1.5% from 2019. From 2017 to 2020, overall production increased by 5.6%, translating to an average annual growth rate of 1.8%. The peak was reached in 2018 with 17 413 tonnes, which also saw the largest increase of 10.7%. The most notable decline occurred in 2019, dropping by 3.1%.

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

Exports hydrogen fluoride from Finland

Exports in kind, t

Hydrogen fluoride exports from Finland fell for the third consecutive year. In 2020, Finland exported 0.2 tonnes, indicating a sharp decline of 46.1% compared to 2019. Between 2017 and 2020, exports decreased by 95%, with an average annual decline rate of 63.3%.

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

From 2017 to 2020, the main destinations for Finland's hydrogen fluoride exports in volume terms were Norway, accounting for 51.7% of exports, Estonia with 14.9%, and Lithuania at 10.5%. Together, these three countries represented 77.2% of total export flows.

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

The data shows irregular fluctuations, pointing to a volatile market environment. From 2017 to 2019, the difference between the highest and lowest values was 14.1 times. In 2020, hydrogen fluoride exports from Finland totaled 1 thousand US dollars, up by 20.4% year-over-year. The lowest value was recorded in 2019 at 1 thousand US dollars, while the largest decline occurred in 2018, dropping by 91.5%.

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

Throughout 2017 to 2020, the primary markets for Finland's hydrogen fluoride exports in value terms were Norway, with 36.8% of exports, Switzerland at 31.4%, and Estonia with 13.9%. Combined, these three countries accounted for 82.1% of total export flows.

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

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

Imports hydrogen fluoride to Finland

Imports in kind, t

After two years of decline, hydrogen fluoride imports into Finland increased. In 2020, imports stood at 1 102 tonnes, remaining broadly stable compared to 2019. Over the period from 2017 to 2020, imports decreased by 29.9%, with an average annual decline rate of 11.2%. The lowest volume was recorded in 2019 at 1 098 tonnes, which also saw the largest decline of 20.2%.

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

From 2017 to 2020, hydrogen fluoride imports into Finland were highly concentrated, with Germany accounting for 95.2% of total volume 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 hydrogen fluoride imports rose for the second year in a row. In 2020, imports totaled 2 201 thousand US dollars, representing a significant increase of 13.2% year-over-year. From 2017 to 2020, imports grew by 6.7%, with an average annual growth rate of 2.2%. The lowest value was recorded in 2018 at 1 920 thousand US dollars, which also experienced the largest decline of 6.9%.

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

From 2017 to 2020, hydrogen fluoride imports into Finland were almost exclusively supplied by Germany, which absorbed 93.1% 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