Economy and business conditions

Chemical Sector Value Added

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Chemical Sector creates almost EUR 10 billion value added in Finland

Directly Chemical Sector creates approx EUR 5 billion value added Finland. Together with direct, undirect and induced effect value added is almost EUR 10 billion.

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Value added of the chemical industry

The Finnish chemical industry's share of value added in the manufacturing industry has grown, standing at 17% in 2016.

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Chemical Sector Value Added in Finland

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Chemical Sector Value Added by current price level

Approx. 40% of the value added is created by basic chemicals. Meanwhile, pharmacy is increasing steadily its share of the total value added.

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Chemical Sector and Energy in Finland

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Electricity Consumption by Sectors 2015

Chemical Sector accounted for 8% of total electrcity consumption in Finland.

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Investments of the chemical industry in Finland

The chemical sector invests in Finland approximately one billion euros in a year, at least the level of depriciations.

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Investments in the manufacturing industry, development

In 2015, the value of investments in the chemical industry totalled approximately EUR 1193 million, which corresponds to approximately 17 per cent of investments in the Finnish manufacturing industry.

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Chemical sector sales and oil price

Chemical sector sales in Finland and oil price trends go along. This is mainly due to oil products which are included in chemical sector in Finland.

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Chemical Sector Sales

Chemicals sector sales in Finland is back to growth trend. There was a major decrease from 2014 mainly due to declining oil product prices combined with a major refinery turnaround.

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Chemical sales

The Finnish chemical industry sales was approximately EUR 20 billion in 2016. Of this, the share of oil products and basic chemicals was approximately 60%.

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Industrial structure of production

The chemical sector’s share of total industry output in Finland has grown, accounting 18 percent of the total volume.

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Chemical industry production index

Chemical Sector Production Volume has been stable / slightly growing.

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New orders received

Chemical Sector New Orders were slightly increasing in the year start 2018.

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Personnel expectation

The number of personnel in the Finnish Chemical Sector is expected to be stable.

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Production expectation

Chemical Sector Production in Finland is expected to be at the current level.

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Economic situation and expectation

Economic conditions for Chemical Sector in Finland is slightly better than average but is expected to decline.

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Consumer confidence indicator

The confidence of consumers in the economy is decreasing but still positive.

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Confidence in industry

The confidence indicators for Business in Finland were slightly positive in the year-end 2018.

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