Silicon dioxide market in Finland

Earlier Report Observations

The Finnish silicon dioxide market contracted in 2019, with its value falling to 26 750 thousand USD from 34 637 thousand USD the previous year. This decline coincided with Finland's continued exceedance of its national emission target path, which prompted regulatory scrutiny and likely tempered industrial activity affecting demand for materials like silicon dioxide.

Market recovery began in 2020, influenced by ongoing EU F-gas Regulation restrictions and broader climate policy actions guiding industrial development. The value grew to 33 068 thousand USD by 2021, supported by regulatory focus on emissions from the burden-sharing sector, which intensified market adjustments within the EU emission trading framework.

A period of accelerated expansion followed from 2022 to 2024, driven by EU emission trading system reforms and the emerging focus on carbon capture technologies. The market value surged to 50 841 thousand USD by 2024, bolstered by a 19.2% drop in fossil CO2 emissions from trading plants in 2023, structural shifts in electricity production, and new global rules integrating aviation and maritime emissions into the carbon market, all stimulating demand for industrial materials.

Production silicon dioxide in Finland

In value, 2017-2020, K $ US

Finland's silicon dioxide production increased in 2020 after two consecutive years of decline. Output was valued at 20 890 K $ US, representing a 14.8% increase compared to the previous year. Over the period from 2017 to 2020, production decreased by 29.3%, which translates to an annualized decline rate of 10.9%. The lowest production value was recorded in 2019 at 18 198 K $ US, with the largest annual decline of 25.0% occurring that same year.

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

Exports silicon dioxide from Finland

According to desk-based market research, Finland did not export any silicon dioxide between 2017 and 2020.

Imports silicon dioxide to Finland

Imports in kind, t

The market for silicon dioxide imports into Finland showed significant volatility during this period. Imports reached their lowest point in 2019 at just 15 t, before surging dramatically to 5 722 t in 2020. This represents an extraordinary increase of 37,785.5% compared to the previous year. The variation between the peak in 2017 and the trough in 2019 was substantial, with a 433-fold difference. The largest annual decline occurred in 2019, when imports fell by 99.8%.

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

From 2017 to 2020, Norway, France, and Poland were the primary sources of silicon dioxide imports into Finland by volume. Norway accounted for 42.7% of imports, followed by France at 12.7% and Poland at 12.6%. Together, these three countries represented 68.0% of Finland's total silicon dioxide imports during this period.

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 silicon dioxide imports by value declined for the second consecutive year in 2020, reaching 7 417 K $ US. This represents a decrease of 13.3% compared to the previous year. Over the four-year period from 2017 to 2020, imports decreased by 24.8%, equivalent to an annualized decline rate of 9.0%. The highest import value was recorded in 2018 at 10 367 K $ US, which also saw the largest annual increase of 5.2%. The most significant annual decline occurred in 2019, when imports fell by 17.5%.

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

Between 2017 and 2020, Germany, the United States, and France were the leading sources of silicon dioxide imports into Finland by value. Germany accounted for 28.8% of imports, followed by the United States at 16.9% and France at 11.9%. Collectively, these three countries represented 57.6% of Finland's total silicon dioxide import value during this timeframe.

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

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