Finland: Wooden Furniture Treatments Market 2023

Wooden Furniture Treatments Market Size in Finland

In 2021, after two years of decline, there was significant growth in the Finnish wooden furniture treatments market, when its value increased by 38% to $X. Overall, consumption, however, recorded a pronounced contraction. Wooden furniture treatments consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wooden Furniture Treatments Production in Finland

In value terms, wooden furniture treatments production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 3,951%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wooden Furniture Treatments Exports

Exports from Finland

Wooden furniture treatments exports from Finland dropped sharply to X tons in 2021, waning by -39.4% against the year before. In general, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 87% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden furniture treatments exports declined to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 88%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for wooden furniture treatments exports from Finland, accounting for a 54% share of total exports. Moreover, wooden furniture treatments exports to Estonia exceeded the volume sent to the second major destination, Russia (X tons), threefold. Germany (X kg) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia stood at -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+32.8% per year) and Germany (+99.9% per year).

In value terms, the largest markets for wooden furniture treatments exported from Finland were Russia ($X), Estonia ($X) and Germany ($X), together comprising 84% of total exports.

Germany, with a CAGR of +412.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2021, with an increase of 49% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden furniture treatments export price increased by +117.7% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Finland

In 2021, supplies from abroad of polishes and creams for wooden furniture and floors was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 when imports increased by 87%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, wooden furniture treatments imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 34%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of wooden furniture treatments imports to Finland, with a combined 80% share of total imports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +165.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Belgium ($X) and Spain ($X) appeared to be the largest wooden furniture treatments suppliers to Finland, with a combined 49% share of total imports.

Among the main suppliers, Spain, with a CAGR of +143.8%, recorded 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 2021, the average wooden furniture treatments import price amounted to $X per ton, increasing by 10% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden furniture treatments import price increased by +63.5% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 27%. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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