Finland: Plywood Market 2023

Plywood Market Size in Finland

After three years of decline, the Finnish plywood market increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plywood Production in Finland

In value terms, plywood production declined modestly to $X in 2022 estimated in export price. Overall, production saw a mild downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Plywood production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Plywood Exports

Exports from Finland

In 2022, the amount of plywood exported from Finland reduced notably to X cubic meters, shrinking by X% against 2021. In general, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X cubic meters in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, plywood exports reduced dramatically to $X in 2022. Overall, exports saw a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X cubic meters), the Netherlands (X cubic meters) and Sweden (X cubic meters) were the main destinations of plywood exports from Finland, with a combined X% share of total exports. The UK, Norway, Denmark, Poland, South Korea, France, Italy, Belgium, Spain and Estonia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plywood exported from Finland were Germany ($X), Sweden ($X) and the Netherlands ($X), with a combined X% share of total exports. The UK, Norway, Denmark, Poland, South Korea, France, Spain, Italy, Belgium and Estonia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Estonia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 plywood export price amounted to $X per cubic meter, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per cubic meter), while the average price for exports to the Netherlands ($X per cubic meter) was amongst the lowest.

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

Plywood Imports

Imports into Finland

In 2022, purchases abroad of plywood decreased by X% to X cubic meters, falling for the third consecutive year after four years of growth. In general, imports saw a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, plywood imports reduced sharply to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, Russia (X cubic meters) constituted the largest supplier of plywood to Finland, accounting for a X% share of total imports. Moreover, plywood imports from Russia exceeded the figures recorded by the second-largest supplier, Brazil (X cubic meters), twofold. Latvia (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Latvia (X% per year).

In value terms, Russia ($X) constituted the largest supplier of plywood to Finland, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

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

Import Prices by Country

In 2022, the average plywood import price amounted to $X per cubic meter, picking up by X% against the previous year. Overall, import price indicated temperate 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, plywood import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for Brazil ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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