Finland: Twine Product Market 2024

Twine Product Market Size in Finland

The Finnish twine product market shrank to $X in 2022, falling by X% against the previous year. In general, consumption, however, continues to indicate a resilient expansion. Twine product consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Twine Product Production in Finland

In value terms, twine product production fell significantly to $X in 2022 estimated in export price. Overall, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Twine product production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Twine Product Exports

Exports from Finland

In 2022, approx. X tons of articles of twine, cordage, rope or cables were exported from Finland; with an increase of X% against the previous year's figure. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine product exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X tons), Sweden (X tons) and Kazakhstan (X tons) were the main destinations of twine product exports from Finland, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine product exported from Finland were Estonia ($X), Sweden ($X) and Kazakhstan ($X), with a combined X% share of total exports.

Kazakhstan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average twine product export price amounted to $X per ton, flattening at the previous year. In general, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Twine Product Imports

Imports into Finland

In 2022, imports of articles of twine, cordage, rope or cables into Finland reduced notably to X tons, with a decrease of X% on 2021 figures. Over the period under review, imports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, twine product imports contracted to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

China (X tons), Sweden (X tons) and Latvia (X tons) were the main suppliers of twine product imports to Finland, together accounting for X% of total imports. Estonia, Denmark, Poland, Germany, Lithuania, the Netherlands and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Sweden ($X) and Germany ($X) constituted the largest twine product suppliers to Finland, with a combined X% share of total imports. Latvia, Denmark, Estonia, the Netherlands, Poland, Lithuania and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average twine product import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine product import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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