The synthetic rubber market in Finland showed significant fluctuations from 2012 to 2022. Key observations include a rise to 172.2 million kilograms in 2013, followed by a sharp decline to 149.89 million kilograms by 2015. Despite experiencing highs and lows, the market peaked at 193.36 million kilograms in 2016. However, it sharply fell to 140.22 million kilograms in 2020, largely influenced by global disruptions. From 2021, the market began recovering, increasing consistently to 166.31 million kilograms by 2022.
Year-on-year variation exhibited periodic increases and declines. Notable movements include a 29% increase in 2016, driven by possibly increased industrial activities, and a significant contraction of 13.11% in 2020, reflecting the global economic impact of the pandemic. Continuous recovery was observed through a 13.56% rise in 2021 and a steady 4.45% growth in 2022. The compound annual growth rate (CAGR) over the past five years has been -2.51%, demonstrating a longer-term contraction despite short-term recoveries.
Looking forward, it will be crucial to monitor technological advancements in synthetic rubber production, potential shifts towards eco-friendly alternatives, and macro-economic factors influencing industrial demand. These elements could significantly shape market dynamics in Finland over the coming years.
How does Finland rank in Synthetic Rubber Market Size Volume?
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 869,850,000 | 2023 | +2.31% | -0.22% | View data |
| 2 | 2 Italy | 607,010,000 | 2023 | -0.29% | -0.27% | View data |
| 3 | 3 France | 554,360,000 | 2023 | -0.78% | -0.22% | View data |
| 4 | 4 Czech Republic | 220,150,000 | 2023 | +2.79% | +2.26% | View data |
| 5 | 5 Spain | 205,200,000 | 2023 | +0.44% | -2.22% | View data |
| 6 | 6 Finland | 165,040,000 | 2023 | -0.77% | -2.98% | |
| 7 | 7 Portugal | 61,089,000 | 2023 | +1.88% | -3.72% | View data |
| 8 | 8 Sweden | 32,578,000 | 2023 | -3.18% | -3.5% | View data |
