Quicklime market in Finland

Earlier Report Observations

The quicklime market in Finland opened the period at 109 618 тыс. долл. in 2018, a level supported by a marked increase in imports driven by rising global and regional demand and prices. It then contracted to 84 205 тыс. долл. in 2019 and edged down further to 78 162 тыс. долл. in 2020, a year where the COVID-19 pandemic's direct impact on supply chains was reported as limited.

A recovery began in 2021 as the market grew to 96 537 тыс. долл., aided by stabilizing global conditions following the pandemic. This momentum accelerated in 2022, with the market surging to 131 116 тыс. долл. on the back of notably higher imports reflecting growing demand and global supply chain dynamics. Growth continued into 2023, reaching 156 370 тыс. долл., sustained by steady industrial consumption from sectors such as steel and construction.

In 2024, the market value fell to 118 630 тыс. долл. This downturn coincided with global headwinds including rising raw material and energy costs, supply chain challenges from geopolitical events like disruptions in the Red Sea and Suez Canal, and a bearish price trend in the European market.

Production quicklime in Finland

In value, 2017-2020, K $ US

Finland's quicklime production declined for the second year in a row. In 2020, output was valued at 35 791 thousand US dollars, representing a 19.0% increase compared to 2019. Over the 2017-2020 period, production decreased by 15.1%, with a compound annual growth rate of 5.3%. The highest value was recorded in 2018 at 50 197 thousand US dollars. The largest decline occurred in 2019, falling by 21.8%, while the biggest increase was in 2018, rising by 19.0%.

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

In kind, 2017-2020, K t

In 2020, Finland produced 309.6 thousand tonnes of quicklime, marking a gradual decrease of 3.9% from 2019. Over the 2017-2020 period, production increased by 4.4%, with a compound annual growth rate of 1.4%.

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

Exports quicklime from Finland

Exports in kind, K t

The market showed significant volatility during these years. Exports reached their lowest point in 2017 and peaked in 2019, with a 2.6-fold difference between these years. In 2020, Finland's quicklime export volume totaled 85.0 thousand tonnes, a dramatic drop of 44.5% compared to the previous year. The maximum volume was recorded in 2019 at 153.3 thousand tonnes, with the largest increase that year of 145.2%.

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

From 2017 to 2020, Russia and Sweden were the two dominant destinations for Finland's quicklime exports in volume terms. Russia accounted for 60.9% of total flows, while Sweden made up 38.5%, together forming 99.4% of all exports.

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

Market behavior was characterized by volatility during this period. Exports hit their lowest point in 2017 and peaked in 2019, with a 2.2-fold gap between these years. In 2020, quicklime exports from Finland amounted to 12 180 thousand US dollars, which is 28.9% lower than the previous year. The maximum value was recorded in 2019 at 17 140 thousand US dollars, with the largest increase that year of 87.5%.

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

Between 2017 and 2020, two markets—Russia and Sweden—dominated Finland's quicklime exports in value terms, jointly accounting for 99.5% of total 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 quicklime to Finland

Imports in kind, K t

Market performance exhibited noticeable fluctuations over the period. Imports reached their lowest volume in 2019 and peaked in 2018, reflecting a 5-fold gap. In 2020, foreign quicklime supplies to Finland amounted to 379.6 thousand tonnes, a 299.7% increase year-over-year. The minimum volume was recorded in 2019 at 95.0 thousand tonnes, while the maximum was in 2018 at 471.7 thousand tonnes. The largest decline occurred in 2019, falling by 79.9%.

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

From 2017 to 2020, France, Belgium, and Sweden were the main sources of quicklime imports to Finland in volume terms. France accounted for 63.7% of imports, Belgium for 10.1%, and Sweden for 9.3%, together absorbing 83.1% of total imports.

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

Quicklime imports to Finland declined for the second consecutive year. In 2020, imports were recorded at 54 551 thousand US dollars, which is 12.2% lower compared to 2019. Over the 2017-2020 period, imports increased by 2.7%, with a compound annual growth rate of 0.9%. The maximum value was recorded in 2018 at 68 561 thousand US dollars, with the largest increase that year of 29.1%.

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

From 2017 to 2020, France remained the dominant partner for quicklime imports to Finland in value terms, holding a 76.7% share of total flows, while other markets formed a long tail.

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

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