Economy and business conditions

Value added of the chemical industry

The Finnish chemical industry's share of value added in the manufacturing industry has grown, standing at 18% in 2019.

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Chemical Sector Value Added in Finland

Chemical Sector value added has increased during the past few years.

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Chemical Sector Value Added by current price level

Approx. 40% of the value added is created by basic and specialty chemicals.

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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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Chemical Sector Sales

Chemical Sector Sales recovered quickly after financial crisis and driven by exports. Raw oil prices are reflected to the oil products prices and waves the sales too.

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Chemical sales

The Finnish chemical industry sales was approximately EUR 24 billion in 2019. Of this, the share of oil products and base and fine chemicals was approximately 60%.

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Oil price and Chemical Sector Sales in Finland

Chemical Sector Sales in Finland and oil price trends has gone along. This is mainly due to oil products which are included in Chemical Sector in Finland.

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Chemical Sector Production in Finland

Chemical Sector Production Volume has been stable / slightly growing.

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Industrial Structure in Finland

The Chemical Sector’s share of total Industry output in Finland has grown, accounting 20 percent of the Total Volume.

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New Orders for Chemical Sector in Finland

Chemical Sector New Orders has been quite stable. 

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Chemical Sector Personnel in Finland

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Chemical Sector Production in Finland

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Economic situation and expectation

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Consumer confidence indicator

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Confidence in industry

The dramatic decline due to COVID19 in the business confidence indicator for industry stabilized in May 2020.

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