Sulphates, alums and peroxosulphates market in Finland

Earlier Report Observations

The market for sulphates, alums and peroxosulphates in Finland, measured in value, showed a marked upward trajectory from 2021 to 2022. After a period of relative stability around $347-374 million between 2018 and 2020, the market value jumped to $476.4 million in 2021 and then sharply to $741.0 million in 2022. In physical volume, the market was steadier, moving from 405.3 thousand tonnes in 2018 to 406.6 thousand tonnes in 2019 before contracting to 374.5 thousand tonnes in 2022.

This increase in market value coincided with a significant rise in the value of domestic production, which more than doubled from $343.2 million in 2018 to $711.3 million in 2022. Trade patterns shifted considerably, with a steep drop in export volume in 2019 and fluctuating import levels throughout the period.

The regulatory environment for chemicals in Finland evolved in 2024 with the adoption of key EU acts. The EU Critical Raw Materials Regulation, emphasizing aluminum's strategic role, directly affects markets for aluminum sulfate. Furthermore, the new EU General Product Safety Regulation came into force, requiring updated national legislation for enhanced consumer protection and product safety information in local languages.

Production sulphates, alums and peroxosulphates in Finland

In value, 2017-2020, M $ US

In 2020, Finland's production of sulphates, alums, and peroxosulphates was valued at 314.9 million US dollars, marking a slight increase of 2.0% compared to 2019. Over the period from 2017 to 2020, production grew by 27.1%, with an average annual growth rate of 8.3%. The highest value was recorded in 2018 at 343.2 million US dollars, which represented a significant increase of 38.5% from the previous year. In contrast, 2019 saw the largest decline of 10.1%.

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

In kind, 2017-2020, K t

Finland's production volume of sulphates, alums, and peroxosulphates increased for the second consecutive year. In 2020, the country produced 307.1 thousand tonnes, up by 6.4% from 2019. From 2017 to 2020, production rose by 45.2%, with an average annual growth rate of 13.2%.

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

Exports sulphates, alums and peroxosulphates from Finland

Exports in kind, K t

The market exhibited significant volatility during these years, with import levels fluctuating 39-fold between the peak in 2017 and the low in 2019. In 2020, Finland's exports of sulphates, alums, and peroxosulphates reached 42.3 thousand tonnes, a dramatic increase of 1,188.8% from the previous year. The lowest volume was recorded in 2019 at 3.3 thousand tonnes, which represented the largest decline of 96.7%.

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

From 2017 to 2020, the United Kingdom, the United States, and Sweden were the primary buyers of Finland's sulphates, alums, and peroxosulphates in terms of volume. The United Kingdom accounted for 29.0% of exports, the United States for 16.3%, and Sweden for 15.1%, collectively making up 60.4% of total 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

Finland's export value of sulphates, alums, and peroxosulphates declined for the third consecutive year. In 2020, exports amounted to 8,159 thousand US dollars, a substantial drop of 15.4% from the previous year. Between 2017 and 2020, exports decreased by 34.6%, equating to an average annual decline of 13.2%.

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

From 2017 to 2020, Peru, the United Kingdom, and Sweden remained the principal buyers of Finland's sulphates, alums, and peroxosulphates in value terms. Peru accounted for 23.8% of exports, the United Kingdom for 20.7%, and Sweden for 9.9%, together representing 54.4% 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 sulphates, alums and peroxosulphates to Finland

Imports in kind, K t

In 2020, Finland imported 102.7 thousand tonnes of sulphates, alums, and peroxosulphates, a gain of 38.1% compared to 2019. The lowest volume was recorded in 2019 at 102.7 thousand tonnes, which marked the largest decline of 52.5%. The highest volume was in 2018 at 216.1 thousand tonnes, representing the largest increase of 54.8%.

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

Throughout 2017 to 2020, Germany, Spain, and Poland formed the core group of suppliers for Finland's imports in volume. Germany accounted for 67.8% of imports, Spain for 11.0%, and Poland for 9.7%, collectively representing 88.4% of total import 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

After a two-year increase, Finland's import value of sulphates, alums, and peroxosulphates declined. In 2020, imports totaled 48,109 thousand US dollars, a 17.6% decrease year-over-year. Over the period from 2017 to 2020, imports fell by 7.9%, with an average annual decline of 2.7%. The highest value was recorded in 2019 at 48,109 thousand US dollars, which saw the largest increase of 9.2%.

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

From 2017 to 2020, Germany, Russia, and Spain were the key partners for Finland's imports of sulphates, alums, and peroxosulphates in value terms. Germany accounted for 59.7% of imports, Russia for 11.0%, and Spain for 8.0%, together making up 78.7% 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