Finland: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in Finland

The Finnish tufted textile fabric market declined to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption saw a strong expansion. Tufted textile fabric consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Tufted Textile Fabric Production in Finland

In value terms, tufted textile fabric production shrank significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Tufted Textile Fabric Exports

Exports from Finland

In 2022, tufted textile fabric exports from Finland soared to X square meters, increasing by X% compared with the previous year's figure. Overall, exports, however, recorded a precipitous setback. The exports peaked at X square meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, tufted textile fabric exports surged to $X in 2022. In general, exports, however, faced a dramatic decrease. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X square meters) was the main destination for tufted textile fabric exports from Finland, with a X% share of total exports. Moreover, tufted textile fabric exports to the United States exceeded the volume sent to the second major destination, Brazil (X square meters), threefold. Hong Kong SAR (X square meters) ranked third in terms of total exports with a X% share.

From 2014 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Hong Kong SAR (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for tufted textile fabrics exports from Finland, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2014 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average tufted textile fabric export price amounted to $X per square meter, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2017 a decrease of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2021, and then shrank in the following year.

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

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%).

Tufted Textile Fabric Imports

Imports into Finland

For the third year in a row, Finland recorded growth in overseas purchases of tufted textile fabrics, which increased by X% to X square meters in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, tufted textile fabric imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, Belgium (X square meters) constituted the largest tufted textile fabric supplier to Finland, with a X% share of total imports. Moreover, tufted textile fabric imports from Belgium exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at X%.

In value terms, the largest tufted textile fabric suppliers to Finland were Belgium ($X) and Turkey ($X).

In terms of the main suppliers, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average tufted textile fabric import price amounted to $X per square meter, falling by X% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for Belgium stood at $X per square meter.

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

Source: IndexBox Platform

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