Organic solvents and paint removers market in Finland

Earlier Report Observations

The market for organic solvents and paint removers in Finland showed considerable fluctuation between 2018 and 2024. After a period of relative stability from 2018 to 2020, with the market size hovering around 12.4 to 13.2 million dollars, a period of strong growth followed. The market volume expanded by over 21% in 2021, reaching 15.1 million dollars, and climbed further to a peak of 16.3 million dollars in 2022.

This upward trajectory was reversed in 2023, with the market contracting by 18% to 13.3 million dollars. The decline continued into 2024, with the market size falling to 11.7 million dollars. The reduction in 2024 coincided with the enforcement of stricter environmental regulations, including the Finnish government decree 189/2022 and the overarching EU Paints Directive. These rules limit volatile organic compound emissions from paints and varnishes, accelerating a market shift towards water-borne products and thereby reducing demand for traditional solvent-based organic composites and thinners.

Production organic solvents and paint removers in Finland

In value, 2017-2020, K $ US

Finland's production of organic solvents and paint removers declined for the third consecutive year. In 2020, output was valued at 7 045 K $ US, marking a moderate 4.6% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 21.9%, with a compound annual growth rate of -7.9%.

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

In kind, 2017-2020, t

Production of organic solvents and paint removers in Finland declined for the third consecutive year. In 2020, Finland produced 2 202 t, which is 6.4% less than in 2019. Between 2017 and 2020, production decreased by 29.4%, equating to an annualized decline rate of 11.0%.

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

Exports organic solvents and paint removers from Finland

Exports in kind, t

The market exhibited an unstable trend throughout the timeframe. Exports reached their lowest point in 2019 at 23 t and peaked in 2018 at 1 327 t, representing a 58-fold difference between these years. In 2020, export volumes from Finland amounted to 982 t, reflecting a dramatic increase of 4,207.4% compared to 2019. The largest decline of 98.3% was recorded in 2019.

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

From 2017 to 2020, Estonia, Latvia, and Russia formed the core group of markets for exports in kind. Estonia accounted for 28.7% of exports, Latvia for 24.9%, and Russia for 13.7%. Together, these three countries represented 67.3% 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

Exports of organic solvents and paint removers from Finland declined for the second consecutive year. In 2020, exports amounted to 2 133 K $ US, down by 19.1% from the previous year. Between 2017 and 2020, exports decreased by 21%, equating to an annualized decline rate of 7.5%. The maximum value was recorded in 2018 at 3 131 K $ US, which also saw the largest increase of 16.1%.

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

From 2017 to 2020, Estonia, Russia, and Sweden continued to lead as the top buyers of organic solvents and paint removers from Finland in value terms. Estonia accounted for 28.1% of exports, Russia for 18.7%, and Sweden for 14.8%. Collectively, these three markets took 61.6% of total export value.

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

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

Imports organic solvents and paint removers to Finland

Imports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2019 at 35 t and peaked in 2020 at 2 877 t, representing an 82-fold difference between these years. In 2020, import volumes into Finland totalled 2 877 t, marking an abrupt increase of 8,117.8% compared to the previous year. The largest decline of 98.5% was recorded in 2019.

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

Over the period from 2017 to 2020, Sweden, Belgium, and Germany headed the ranking of suppliers of organic solvents and paint removers to Finland in kind. Sweden accounted for 23.9% of imports, Belgium for 23.8%, and Germany for 22.4%. Their combined share reached 70.1% of total imports in kind.

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

Imports of organic solvents and paint removers into Finland declined for the second consecutive year. In 2020, imports totalled 7 508 K $ US, down by 1.8% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 7.6%, with a compound annual growth rate of -2.6%. The maximum value was recorded in 2018 at 8 380 K $ US, which also saw the largest increase of 3.1%. The largest decline of 8.7% was recorded in 2019.

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

Throughout 2017 to 2020, Germany, Sweden, and the Netherlands formed the core group of markets for imports in value terms. Germany accounted for 25.8% of imports, Sweden for 16.4%, and the Netherlands for 14.5%. Together, these three countries represented 56.7% 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