Clay Market in Finland
Market Overview
In 
, the Finnish clay market increased by % to $, rising for the second consecutive year after six years of decline. Over the period under review, consumption showed a deep setback. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
In value terms, clay production expanded sharply to $ in estimated in export price. Over the period under review, production posted pronounced growth. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2015; however, from 2016 to , production stood at a somewhat lower figure.
, the Finnish clay market increased by % to $, rising for the second consecutive year after six years of decline. Over the period under review, consumption showed a deep setback. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption failed to regain momentum.In value terms, clay production expanded sharply to $
in estimated in export price. Over the period under review, production posted pronounced growth. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2015; however, from 2016 to , production stood at a somewhat lower figure.Consumption
Clay consumption in Finland fell to tons in , which is down by -% on the previous year's figure. Over the period under review, consumption showed a deep contraction. Clay consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.
The revenue of the clay market in Finland rose slightly to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a deep downturn. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
tons in , which is down by -% on the previous year's figure. Over the period under review, consumption showed a deep contraction. Clay consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.The revenue of the clay market in Finland rose slightly to $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a deep downturn. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Consumption by Type
Kaolin and kaolinic clays ( tons) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, kaolin and kaolinic clays exceeded the figures recorded for the second-largest type, bentonite ( tons), fourfold. The third position in this ranking was taken by fireclay ( tons), with a % share.
From 2007 to, the average annual growth rate of the volume of kaolin and kaolinic clays consumptions amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: bentonite (+% per year) and fireclay (-% per year).
In value terms, kaolin and kaolinic clays ($) led the market, alone. The second position in the ranking was taken by bentonite ($). It was followed by fireclay.
From 2007 to, the average annual growth rate of the value of kaolin and kaolinic clays markets amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: bentonite (+% per year) and fireclay (+% per year).
tons) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, kaolin and kaolinic clays exceeded the figures recorded for the second-largest type, bentonite ( tons), fourfold. The third position in this ranking was taken by fireclay ( tons), with a % share.From 2007 to
, the average annual growth rate of the volume of kaolin and kaolinic clays consumptions amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: bentonite (+% per year) and fireclay (-% per year).In value terms, kaolin and kaolinic clays ($
) led the market, alone. The second position in the ranking was taken by bentonite ($). It was followed by fireclay.From 2007 to
, the average annual growth rate of the value of kaolin and kaolinic clays markets amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: bentonite (+% per year) and fireclay (+% per year).Market Forecast
Depressed by shrinking demand for clay in Finland, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Clay market in Finland consists almost entirely of imported products. The growth in the share of Finland imports of in the clay market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.
% in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.Trade Balance
Finland remains a net importer of clay; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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