Economy and business conditions

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 2017.

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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

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

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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

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 2018. Of this, the share of oil products and base and fine chemicals was approximately 60%.

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Manufacturing industry’s share of GDP

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EU Chemical Sector Production

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Industrial Structure in Finland

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 Sector Production in Finland

Chemical Sector Production Volume has been stable / slightly growing.

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New orders received

Chemical Sector New Orders has been quite stable.

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Personnel expectation

The number of personnel in the Finnish Chemical Sector is expected to slightly decrease in the year-end 2019.

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Production expectation

Chemical Sector Production in Finland remained near the normal level during Autumn 2019. Also expectations for production level were near the normal before the strike declarations.

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Economic situation and expectation

Economic conditions for Chemical Sector in Finland has slowed down during the Autumn and expectations are below the normal level.

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Consumer confidence indicator

The business confidence indicator for industry is below the normal level.

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Confidence in industry

The business confidence indicator for industry is below the normal level.

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