Finland - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPetroleum Bitumen Price in Finland - 2023
Contents:
- Petroleum Bitumen Price in Finland (CIF) - 2023
- Petroleum Bitumen Price in Finland (FOB) - 2023
- Petroleum Bitumen Imports in Finland
- Petroleum Bitumen Exports in Finland
Petroleum Bitumen Price in Finland (CIF) - 2023
The average petroleum bitumen import price stood at $559 per ton in August 2023, almost unchanged from the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 73% against the previous month. As a result, import price attained the peak level of $698 per ton. From February 2023 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Germany ($614 per ton) and Lithuania ($594 per ton), while the price for Turkey ($554 per ton) and Sweden ($554 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Bitumen Price in Finland (FOB) - 2023
In July 2023, the average petroleum bitumen export price amounted to $420 per ton, reducing by -16.7% against the previous month. Over the period under review, the export price showed a pronounced curtailment. The pace of growth was the most pronounced in January 2023 an increase of 96% against the previous month. Over the period under review, the average export prices attained the maximum at $685 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($655 per ton), while the average price for exports to Estonia ($318 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Bitumen Imports in Finland
In 2022, imports of petroleum bitumen into Finland expanded significantly to 234K tons, with an increase of 9.5% on the previous year. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 150%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, petroleum bitumen imports skyrocketed to $149M in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 156%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Petroleum Bitumen in Finland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 6.1 | 15.6 | 50.1 | 56.7 | 110.3% |
Russia | 3.5 | 10.5 | 21.7 | 46.9 | 137.5% |
Germany | 5.1 | 6.9 | 5.5 | 17.2 | 50.0% |
United Kingdom | N/A | N/A | N/A | 7.2 | 0% |
Spain | N/A | N/A | N/A | 7.1 | 0% |
Poland | N/A | N/A | N/A | 3.6 | 0% |
Turkey | N/A | N/A | 4.5 | 3.5 | -22.2% |
Lithuania | 3.7 | 1.8 | 7.8 | 2.8 | -8.9% |
Netherlands | 8.4 | 0.3 | 0.3 | 0.1 | -77.2% |
Others | N/A | N/A | N/A | 3.8 | 0% |
Total | 26.7 | 35.2 | 90.0 | 149 | 77.4% |
Top Suppliers of Petroleum Bitumen to Finland in 2022:
- Sweden (85.8K tons)
- Russia (76.9K tons)
- Germany (27.9K tons)
- United Kingdom (11.1K tons)
- Spain (9.9K tons)
- Lithuania (6.3K tons)
- Turkey (5.3K tons)
- Poland (4.1K tons)
- Netherlands (0.1K tons)
Petroleum Bitumen Exports in Finland
In 2022, exports of petroleum bitumen from Finland skyrocketed to 25K tons, rising by 209% compared with 2021. Overall, exports, however, continue to indicate a abrupt shrinkage.
In value terms, petroleum bitumen exports surged to $9.5M in 2022. Over the period under review, exports, however, showed a abrupt shrinkage.
Export of Petroleum Bitumen in Finland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 5.5 | 16.0 | 1.2 | 7.4 | 10.4% |
Poland | 0.5 | 0.6 | 0.9 | 1.3 | 37.5% |
Estonia | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
Russia | 0.6 | 0.2 | 0.3 | 0.1 | -45.0% |
Norway | 9.1 | 1.5 | N/A | N/A | -83.5% |
United Kingdom | 1.1 | 3.0 | N/A | N/A | 172.7% |
Others | 0.1 | 0.1 | N/A | 0.4 | 58.7% |
Total | 16.9 | 21.5 | 2.6 | 9.5 | -17.5% |
Top Export Markets for Petroleum Bitumen from Finland in 2022:
- United Kingdom (undefinedK tons)
- Norway (undefinedK tons)
- Sweden (19.5K tons)
- Poland (3.5K tons)
- Estonia (1.2K tons)
- Russia (0.3K tons)
This report provides an in-depth analysis of the petroleum bitumen market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for petroleum bitumen and their key statistics. Discover the leading countries and their import values, including the United States, China, and India. Get insights from the IndexBox market intelligence platform.