Market for Natural Rubber And Gum in Finland
Market Overview
In 
, after two years of growth, there was decline in the Finnish natural rubber and gum market, when its value decreased by -% to $. Over the period under review, consumption saw a abrupt slump. Natural rubber and gum consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
In value terms, natural rubber and gum production declined modestly to $ in estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to , production failed to regain momentum.
The average yield of natural rubber and gums in Finland stood at less than kg per ha in , approximately equating the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the harvested area of natural rubber and gums in Finland was estimated at less than ha, approximately mirroring . Overall, the harvested area showed a relatively flat trend pattern.
, after two years of growth, there was decline in the Finnish natural rubber and gum market, when its value decreased by -% to $. Over the period under review, consumption saw a abrupt slump. Natural rubber and gum consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.In value terms, natural rubber and gum production declined modestly to $
in estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to , production failed to regain momentum.The average yield of natural rubber and gums in Finland stood at less than
kg per ha in , approximately equating the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the harvested area of natural rubber and gums in Finland was estimated at less than ha, approximately mirroring . Overall, the harvested area showed a relatively flat trend pattern.Consumption
After two years of growth, consumption of natural rubber and gums decreased by -% to tons in . In general, consumption continues to indicate a abrupt decline. Over the period under review, consumption attained the peak volume at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The revenue of the natural rubber and gum market in Finland declined slightly to $ in , waning 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). Overall, consumption showed a abrupt decline. Natural rubber and gum consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
% to tons in . In general, consumption continues to indicate a abrupt decline. Over the period under review, consumption attained the peak volume at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The revenue of the natural rubber and gum market in Finland declined slightly to $
in , waning 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). Overall, consumption showed a abrupt decline. Natural rubber and gum consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for natural rubber and gum in Finland, the market is expected to continue its downward consumption trend over the next eight years. 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 .Trade Balance
Finland remains a net importer of natural rubber and gum; 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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