Wood tar, creosote, vegetable pitch market in Finland

Earlier Report Observations

The market volume for wood tar, creosote, and vegetable pitch in Finland fluctuated significantly between 2018 and 2024. Physical market size peaked at 85.4 thousand tons in 2019, then declined to a low of 56.1 thousand tons in 2022 before recovering to 73.3 thousand tons by 2024.

Finland's role as a major global exporter of these products, with Sweden being a key destination, shaped the market's trade dynamics throughout the period. This strong export orientation influenced domestic availability, as seen in the net trade components affecting market size.

Market value followed a different pattern, dropping to 16.3 million USD in 2021 and then rising steadily to 41.3 million USD in 2024. Production volumes also varied sharply, contracting to 45.9 thousand tons in 2023 and 2024, which impacted overall supply.

Production wood tar, creosote, vegetable pitch in Finland

In value, 2017-2020, K $ US

In 2020, Finland's production of wood tar, creosote, and vegetable pitch was valued at 36 569 thousand US dollars, marking a significant year-over-year decline of 20.5%. Over the period from 2017 to 2020, production decreased by 19.9%, which translates to an annualized rate of 7.1%. The peak value was recorded in 2019 at 45 982 thousand US dollars, with the largest increase that year reaching 4.7%.

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

In kind, 2017-2020, K t

Finland's production of wood tar, creosote, and vegetable pitch declined for the third consecutive year. In 2020, output amounted to 80.3 thousand tonnes, down by 11.2% compared to the previous year. From 2017 to 2020, production fell by 27.4%, corresponding to a compound annual growth rate of -10.1%.

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

Exports wood tar, creosote, vegetable pitch from Finland

Exports in kind, t

The market showed an unstable trend throughout the period. From 2017 to 2019, exports experienced a peak-to-trough amplitude of 4.8 times. In 2020, Finland exported 34 110 tonnes of wood tar, creosote, and vegetable pitch, which is 328.6% higher than in 2019. The lowest value was recorded in 2019 at 7 959 tonnes, with the largest decline that year at 75.5%.

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

Between 2017 and 2020, exports in kind were heavily concentrated on Sweden, which accounted for 93.4% of total 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

After a two-year increase, Finland's exports of wood tar, creosote, and vegetable pitch declined. In 2020, exports were recorded at 13 134 thousand US dollars, representing a reduction of 1.3% compared to the previous year. From 2017 to 2020, exports grew by 9.8%, equating to an annualized rate of 3.2%. The highest value was in 2019 at 13 309 thousand US dollars, with the largest increase occurring in 2018 at 6.9%.

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

From 2017 to 2020, Sweden accounted for 85.4% of Finland's total exports in value terms for wood tar, creosote, and vegetable pitch, while the remaining flows were distributed among multiple smaller partners.

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

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

Imports wood tar, creosote, vegetable pitch to Finland

Imports in kind, t

Volatility characterized the market during these years. Imports changed by 4.4 times from the trough in 2019 to the peak in 2020. In 2020, Finland imported 12 600 tonnes of wood tar, creosote, and vegetable pitch, reflecting a sharp year-over-year rise of 341.1%. The minimum value was recorded in 2019 at 2 875 tonnes, with the largest decline that year at 47.3%.

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

Between 2017 and 2020, Russia and the United States together absorbed 83.9% of Finland's total imports in kind of wood tar, creosote, and vegetable pitch, with the rest of the volume spread across smaller markets.

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 wood tar, creosote, and vegetable pitch increased for the second consecutive year. In 2020, imports totaled 4 691 thousand US dollars, showing a rise of 53.7% compared to 2019. Over the period from 2017 to 2020, imports grew by 83.1%, with a compound annual growth rate of 22.3%. The lowest value was in 2018 at 2 003 thousand US dollars, with the largest decline that year at 21.8%.

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

Throughout 2017 to 2020, Russia, the United States, and Sweden formed the core group for Finland's imports in value terms, accounting for 55.2%, 18.1%, and 17.9% of imports, respectively. Together, they represented 91.3% 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