Finland: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Finland

In 2022, the Finnish wooden kitchen furniture market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Wooden Kitchen Furniture Production in Finland

In value terms, wooden kitchen furniture production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the near future.

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Wooden Kitchen Furniture Exports

Exports from Finland

In 2022, overseas shipments of wooden furniture for kitchens increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wooden kitchen furniture exports reduced to $X in 2022. Overall, exports, however, recorded a pronounced curtailment. 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 reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X units), Norway (X units) and Estonia (X units) were the main destinations of wooden kitchen furniture exports from Finland, together accounting for X% of total exports.

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

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

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

Export Prices by Country

The average wooden kitchen furniture export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price, however, posted a strong increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then dropped dramatically in the following year.

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 the United States ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

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

Wooden Kitchen Furniture Imports

Imports into Finland

After four years of decline, supplies from abroad of wooden furniture for kitchens increased by X% to X units in 2022. Overall, imports, however, showed a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden kitchen furniture imports soared to $X in 2022. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X units) constituted the largest wooden kitchen furniture supplier to Finland, with a X% share of total imports. Moreover, wooden kitchen furniture imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X units), sixfold. Lithuania (X units) 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 Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Lithuania (X% per year).

In value terms, Germany ($X) constituted the largest supplier of wooden furniture for kitchens to Finland, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

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

Import Prices by Country

In 2022, the average wooden kitchen furniture import price amounted to $X per unit, growing by X% against the previous year. In general, the import price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Denmark ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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