Finland: Ceramic Tile Market 2024

Ceramic Tile Market Size in Finland

The Finnish ceramic tile market rose modestly to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Ceramic Tile Exports

Exports from Finland

After three years of decline, overseas shipments of ceramic tiles increased by X% to X square meters in 2022. In general, exports, however, saw a pronounced curtailment. Over the period under review, the exports attained the maximum at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ceramic tile exports soared to $X in 2022. Over the period under review, exports showed a notable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X square meters) was the main destination for ceramic tile exports from Finland, accounting for a X% share of total exports. Moreover, ceramic tile exports to Russia exceeded the volume sent to the second major destination, Sweden (X square meters), more than tenfold. The third position in this ranking was held by Estonia (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Estonia (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for ceramic tiles exports from Finland, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the average ceramic tile export price amounted to $X per square meter, rising by X% against the previous year. Over the period under review, the export price recorded resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per square meter), while the average price for exports to Estonia ($X per square meter) was amongst the lowest.

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

Ceramic Tile Imports

Imports into Finland

In 2022, approx. X square meters of ceramic tiles were imported into Finland; increasing by X% compared with the previous year. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, ceramic tile imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X square meters), Italy (X square meters) and Portugal (X square meters) were the main suppliers of ceramic tile imports to Finland, together accounting for X% of total imports. Latvia, Spain, the Czech Republic and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, Italy ($X), Turkey ($X) and Portugal ($X) were the largest ceramic tile suppliers to Finland, together accounting for X% of total imports. Spain, Germany, Latvia and the Czech Republic lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 ceramic tile import price amounted to $X per square meter, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked at $X per square meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Germany ($X per square meter), while the price for Latvia ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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