Finland: Jute Market Overview 2020

Jute Market Size in Finland

The revenue of the jute market in Finland amounted to $X in 2018, falling 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). In general, jute consumption continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, the jute market attained its peak level of $X. From 2012 to 2018, the growth of the jute market failed to regain its momentum.

Jute Exports

Exports from Finland

In 2018, the jute exports from Finland amounted to X kg, increasing by X% against the previous year. Over the period under review, jute exports, however, continue to indicate a measured downturn. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Exports peaked at X kg in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, jute exports stood at $X in 2018. Over the period under review, jute exports, however, continue to indicate an abrupt reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Lithuania (X kg) was the main destination for jute exports from Finland, with a X% share of total exports. Moreover, jute exports to Lithuania exceeded the volume sent to the second major destination, the Netherlands (X kg), eightfold. Switzerland (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Lithuania totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Switzerland (+X% per year).

In value terms, the largest markets for jute exported from Finland were Switzerland ($X), Lithuania ($X) and the Netherlands ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Switzerland experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average jute export price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the jute export price continues to indicate an abrupt shrinkage. The growth pace was the most rapid in 2008 when the average export price increased by X% y-o-y. In that year, the average export prices for jute and other textile fibres reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average export prices for jute and other textile fibres remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Lithuania ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced a decline.

Jute Imports

Imports into Finland

In 2018, approx. X tonnes of jute and other textile fibres were imported into Finland; lowering by -X% against the previous year. In general, jute imports continue to indicate a drastic decrease. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, jute imports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, jute imports amounted to $X in 2018. Over the period under review, jute imports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. In that year, jute imports reached their peak of $X. From 2010 to 2018, the growth of jute imports remained at a lower figure.

Imports by Country

Sweden (X tonnes), Poland (X tonnes) and Russia (X kg) were the main suppliers of jute imports to Finland, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Poland, while the other leaders experienced mixed trend patterns.

In value terms, Poland ($X), Russia ($X) and Sweden ($X) were the largest jute suppliers to Finland, together accounting for X% of total imports.

Poland recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced a decline.

Import Prices by Country

In 2018, the average jute import price amounted to $X per tonne, going down by -X% against the previous year. Overall, the jute import price continues to indicate an abrupt slump. The growth pace was the most rapid in 2009 when the average import price increased by X% against the previous year. In that year, the average import prices for jute and other textile fibres attained their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the average import prices for jute and other textile fibres remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform