Silicones in primary forms market in Finland

Earlier Report Observations

Between 2018 and 2020, the market for silicones in primary forms in Finland expanded from 29.1 million USD to 35.0 million USD. This initial growth was supported by ongoing technological innovations and industrial investments globally, which bolstered market activity. The COVID-19 pandemic in 2020 caused supply chain disruptions worldwide, but demand for silicones, particularly for applications in healthcare and hygiene, remained resilient, contributing to increased imports and a rise in domestic production.

The post-pandemic period saw a sharp acceleration, with the market value surging to 54.1 million USD by 2022. This rapid growth was driven by a strong recovery in demand and significant technological advances in sustainable silicone production and innovative applications, especially in the healthcare and electronics sectors. Furthermore, a legislative emphasis on environmental sustainability and a shift in consumer preferences toward eco-friendly products provided additional momentum for market expansion.

Following the peak, the market experienced a correction in 2023, contracting to 49.6 million USD. While imports of specialty silicones remained a notable feature, overall market volume adjusted. In 2024, the market recovered to 53.0 million USD, supported by evolving international environmental and sustainability requirements that steered development toward bio-based silicones, alongside sustained consumer interest in innovative and greener products.

Production silicones in primary forms in Finland

In value, 2017-2020, K $ US

Finland's production of silicones in primary forms has grown for the third year in a row. In 2020, output was valued at 1 944 thousand US dollars, marking a 21.9% increase from the previous year. From 2017 to 2020, production surged by 254 354.6%, which translates to an annualized growth rate of 1 265.2%.

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

In kind, 2017-2020, kg

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

Exports silicones in primary forms from Finland

Exports in kind, t

The market showed significant volatility during this period. Exports peaked in 2017 and hit their lowest point in 2019, with a 25-fold difference between these years. In 2020, Finland exported 124 tonnes of silicones in primary forms, representing a dramatic increase of 1 815.4% compared to 2019. The minimum volume was recorded in 2019 at just 6 tonnes, and the largest decline occurred that same year, with a drop of 89.6%.

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

From 2017 to 2020, Russia, Norway, and Sweden were the main destinations for Finland's exports of silicones in primary forms by volume. Russia accounted for 66.3% of exports, Norway for 7.7%, and Sweden for 4.9%. Together, these three countries made up 78.9% 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

Finland's exports of silicones in primary forms by value declined for the second consecutive year. In 2020, exports amounted to 1 121 thousand US dollars, a sharp decrease of 27.4% from 2019. Between 2017 and 2020, exports fell by 15.6%, averaging an annual decline of 5.5%. The highest value was recorded in 2018 at 1 819 thousand US dollars, which also saw the largest increase of 37.0%.

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

From 2017 to 2020, South Korea, Norway, and Russia were the key markets for Finland's exports of silicones in primary forms by value. South Korea represented 25.6% of exports, Norway 21.9%, and Russia 19.9%. Combined, these three countries accounted for 67.4% 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 silicones in primary forms to Finland

Imports in kind, t

The import market exhibited notable volatility over these years. Imports reached their lowest point in 2019 and peaked in 2020, with a 2.3-fold difference between these two years. In 2020, Finland imported 6 700 tonnes of silicones in primary forms, a substantial rise of 125.8% compared to the previous year. The minimum volume was recorded in 2019 at 2 967 tonnes, and the largest decline occurred that year, with a drop of 44.0%.

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

Between 2017 and 2020, Germany, France, and the United Kingdom were the primary suppliers of silicones in primary forms to Finland by volume. Germany contributed 42.9% of imports, France 31.5%, and the United Kingdom 7.2%. Together, these three countries formed 81.5% of total import volume.

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 silicones in primary forms by value increased for the third year in a row. In 2020, imports totaled approximately 34 217 thousand US dollars, reflecting a significant year-on-year rise of 10.9%. From 2017 to 2020, imports grew by 16.6%, equating to an annualized increase of 5.3%.

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

From 2017 to 2020, Germany, France, and the United Kingdom were the main suppliers of silicones in primary forms to Finland by value. Germany accounted for 44.6% of imports, France for 14.3%, and the United Kingdom for 13.3%. Collectively, these three countries represented 72.2% of total import value.

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

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