Finland: Carpet Market Overview 2021

Carpet Market Size in Finland

In 2019, after three years of growth, there was significant decline in the Finnish carpet market, when its value decreased by -X% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Carpet consumption peaked at $X in 2018, and then fell in the following year.

Carpet Production in Finland

In value terms, carpet production reduced modestly to $X in 2019 estimated in export prices. In general, production saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Carpet Exports

Exports from Finland

In 2019, shipments abroad of carpets and other textile floor coverings decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

In value terms, carpet exports declined remarkably to $X in 2019. Over the period under review, total exports indicated tangible growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

Sweden (X tonnes) was the main destination for carpet exports from Finland, accounting for a X% share of total exports. Moreover, carpet exports to Sweden exceeded the volume sent to the second major destination, Belgium (X tonnes), twofold. Denmark (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and Denmark (+X% per year).

In value terms, Sweden ($X) remains the key foreign market for carpet exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and Denmark (+X% per year).

Export Prices by Country

In 2019, the average carpet export price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2014 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the UK ($X per tonne), while the average price for exports to Sweden ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Estonia, while the prices for the other major destinations experienced a decline.

Carpet Imports

Imports into Finland

In 2019, after three years of growth, there was significant decline in supplies from abroad of carpets and other textile floor coverings, when their volume decreased by -X% to X tonnes. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2018, and then fell remarkably in the following year.

In value terms, carpet imports dropped to $X in 2019. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

Belgium (X tonnes), the Netherlands (X tonnes) and Egypt (X tonnes) were the main suppliers of carpet imports to Finland, together accounting for X% of total imports. India, China, Turkey and Poland lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carpet suppliers to Finland were Belgium ($X), the Netherlands ($X) and India ($X), with a combined X% share of total imports. These countries were followed by China, Egypt, Turkey and Poland, which together accounted for a further X recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carpet import price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was India ($X per tonne), while the price for Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carpets and other textile floor coverings in the world?

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China (1M tonnes) constituted the country with the largest volume of carpet consumption, comprising approx. 22% of total volume. Moreover, carpet consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (473K tonnes), twofold. The third position in this ranking was occupied by India (422K tonnes), with a 9.1% share.

What are the largest producers of carpets and other textile floor coverings in the world?

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The countries with the highest volumes of carpet production in 2019 were China (1.4M tonnes), Turkey (795K tonnes) and India (528K tonnes), with a combined 57% share of global production.

What are the leading suppliers of carpets and other textile floor coverings to Finland?

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In value terms, Belgium ($11M), the Netherlands ($9.8M) and India ($9.8M) appeared to be the largest carpet suppliers to Finland, with a combined 46% share of total imports. China, Egypt, Turkey and Poland lagged somewhat behind, together accounting for a further 26%.

What are the leading importers of carpets and other textile floor coverings from Finland?

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In value terms, Sweden ($4.4M) remains the key foreign market for carpet exports from Finland, comprising 43% of total exports. The second position in the ranking was occupied by Belgium ($2.1M), with a 21% share of total exports. It was followed by Denmark, with a 10% share.

What is the average export price for carpets and other textile floor coverings in Finland?

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The average carpet export price stood at $9,889 per tonne in 2019, reducing by -18.8% against the previous year.

What is the average import price for carpets and other textile floor coverings in Finland?

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In 2019, the average carpet import price amounted to $11,843 per tonne, growing by 4.1% against the previous year.