Finland: Footwear Market 2024

Footwear Market Size in Finland

In 2022, the Finnish footwear market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, saw a noticeable contraction. Footwear consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Footwear Production in Finland

In value terms, footwear production reached $X in 2022 estimated in export price. In general, production, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Footwear production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Footwear Exports

Exports from Finland

In 2022, approx. X pairs of footwear were exported from Finland; growing by X% on the previous year. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at X pairs in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, footwear exports dropped to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X pairs) was the main destination for footwear exports from Finland, with a X% share of total exports. Moreover, footwear exports to Sweden exceeded the volume sent to the second major destination, Germany (X pairs), twofold. Estonia (X pairs) ranked third in terms of total exports with a X% share.

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

In value terms, Sweden ($X) remains the key foreign market for footwear exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with an X% share of total exports. It was followed by Germany, with a X% share.

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

Export Prices by Country

In 2022, the average footwear export price amounted to $X per pair, waning by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per pair in 2021, and then plummeted in the following year.

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

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

Footwear Imports

Imports into Finland

After four years of decline, purchases abroad of footwear increased by X% to X pairs in 2022. Over the period under review, imports, however, saw a pronounced reduction. Over the period under review, imports reached the peak figure at X pairs in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports soared to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear to Finland, accounting for a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X pairs), threefold. The third position in this ranking was held by Germany (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Germany (X% per year).

In value terms, China ($X), Sweden ($X) and Germany ($X) constituted the largest footwear suppliers to Finland, together comprising X% of total imports. Denmark, the Netherlands, Poland, Italy, Belgium, Vietnam, Estonia, Portugal and India lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Poland, with a CAGR of X%, saw the highest rates of growth with regard to 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 footwear import price amounted to $X per pair, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Estonia ($X per pair), while the price for China ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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