Vulcanised rubber plates, sheets, strip, rods and profiles market in Finland

Earlier Report Observations

The market for vulcanised rubber plates, sheets, strip, rods and profiles in Finland saw moderate expansion from 2018 to 2020, with its value rising from 31.6 million USD to 34.3 million USD. A sharp 19% surge followed in 2021, lifting the market size to 40.9 million USD. This peak was driven by the fastest recorded growth in exports of vulcanised rubber seals from Finland that year, which bolstered domestic production and overall market activity.

Following the 2021 high, the market value entered a declining phase, falling to 38.3 million USD in 2022 and continuing down to 34.2 million USD by 2024. A key factor from 2023 onward was the implementation of the EU Deforestation Regulation (EUDR), which came into force in June 2023. The regulation imposed strict due diligence requirements on the origin of natural rubber, a key raw material, affecting imports, exports, and contributing to an overall market contraction.

Production vulcanised rubber plates, sheets, strip, rods and profiles in Finland

In value, 2017-2020, K $ US

In 2020, Finland's production of vulcanised rubber plates, sheets, strip, rods and profiles was valued at 21 998 K $ US, representing a 22.5% increase from the previous year. Over the period from 2017 to 2020, production grew by 28.4%, with a compound annual growth rate of 8.7%. The largest decline occurred in 2019, when production fell by 8.3%.

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

In kind, 2017-2020, t

In 2020, Finland produced 3 120 tonnes of vulcanised rubber plates, sheets, strip, rods and profiles, marking a solid 13.4% improvement compared to the previous year. Between 2017 and 2020, production increased by 13.5%, equating to an annualized growth rate of 4.3%. The largest decline was recorded in 2019, with a drop of 3.9%.

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

Exports vulcanised rubber plates, sheets, strip, rods and profiles from Finland

Exports in kind, t

The market exhibited volatility during the observed period. Import levels fluctuated significantly, with a 23-fold difference between the peak in 2018 and the low in 2019. In 2020, exports of vulcanised rubber plates, sheets, strip, rods and profiles from Finland reached 870 tonnes, reflecting a sharp increase of 2,121.4% compared to the previous year. The minimum value was 39 tonnes in 2019, while the maximum was 918 tonnes in 2018. The largest decline occurred in 2019, with a decrease of 95.7%.

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

From 2017 to 2020, Russia, Estonia, and Sweden were the primary buyers of vulcanised rubber plates, sheets, strip, rods and profiles from Finland. Russia accounted for 26.5% of exports in kind, Estonia for 16.2%, and Sweden for 11.7%. Together, these three countries represented 54.4% of total exports in kind.

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

In 2020, Finland exported vulcanised rubber plates, sheets, strip, rods and profiles worth 10 452 K $ US, indicating an 8.8% increase from the previous year. Over the period from 2017 to 2020, exports grew by 13.3%, with a compound annual growth rate of 4.3%. The maximum value was recorded in 2018 at 10 755 K $ US. The largest decline occurred in 2019, with a drop of 10.7%, while the largest increase was in 2018, with a rise of 16.6%.

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

From 2017 to 2020, the country structure of exports in value terms remained highly diversified. Russia accounted for 21.2% of exports in value terms, Sweden for 13.9%, and Estonia for 10.9%. Together, these three countries represented only 46.0% of total flows, with a long tail of smaller markets making up the remaining 54.0%.

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

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

Imports vulcanised rubber plates, sheets, strip, rods and profiles to Finland

Imports in kind, t

The data shows irregular changes, indicating a volatile market environment. There was an 11.1-fold variation between the maximum in 2020 and the minimum in 2019. In 2020, Finland imported 4 615 tonnes of vulcanised rubber plates, sheets, strip, rods and profiles, up by 1,014.0% year-over-year. The minimum value was 414 tonnes in 2019. The largest decline occurred in 2019, with a decrease of 90.5%.

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

From 2017 to 2020, Germany, China, and Sweden were the main suppliers of vulcanised rubber plates, sheets, strip, rods and profiles to Finland. Germany accounted for 33.9% of imports in kind, China for 17.3%, and Sweden for 10.9%. Together, these three countries comprised 62.1% 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

After a two-year rise, Finland's imports of vulcanised rubber plates, sheets, strip, rods and profiles declined. In 2020, imports amounted to 22 796 K $ US, corresponding to a drop of 1.7% from the previous year. Between 2017 and 2020, imports increased by 11%, equating to an annualized growth rate of 3.5%. The maximum value was recorded in 2019 at 23 200 K $ US. The largest increase occurred in 2018, with a rise of 10.9%.

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

Throughout 2017 to 2020, Germany, Sweden, and China played leading roles in imports in value terms of vulcanised rubber plates, sheets, strip, rods and profiles to Finland. Germany accounted for 34.8% of imports in value terms, Sweden for 17.2%, and China for 5.4%. Together, these three countries jointly took 57.4% of total flows.

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

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