Finland: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Finland

In 2022, after two years of growth, there was significant decline in the Finnish man-made filament fabric market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a buoyant expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank notably in the following year.

Man-Made Filament Fabric Production in Finland

In value terms, man-made filament fabric production contracted markedly to $X in 2022 estimated in export price. Over the period under review, production posted a modest increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Man-made filament fabric production peaked at $X in 2021, and then reduced dramatically in the following year.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Man-Made Filament Fabric Exports

Exports from Finland

After two years of growth, overseas shipments of woven fabrics of man-made filaments and staple fibers decreased by X% to X square meters in 2022. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X square meters in 2021, and then shrank in the following year.

In value terms, man-made filament fabric exports surged to $X in 2022. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X square meters), Estonia (X square meters) and Russia (X square meters) were the main destinations of man-made filament fabric exports from Finland, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Finland, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average man-made filament fabric export price stood at $X per square meter in 2021, shrinking by X% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2014 to 2021, the average export prices failed to regain momentum.

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

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

Man-Made Filament Fabric Imports

Imports into Finland

After two years of growth, purchases abroad of woven fabrics of man-made filaments and staple fibers decreased by X% to X square meters in 2022. Over the period under review, imports, however, saw a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X square meters in 2021, and then declined notably in the following year.

In value terms, man-made filament fabric imports soared to $X in 2022. In general, imports showed a mild contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X square meters), Canada (X square meters) and the Netherlands (X square meters) were the main suppliers of man-made filament fabric imports to Finland, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest man-made filament fabric suppliers to Finland were Germany ($X), Italy ($X) and Belgium ($X), with a combined X% share of total imports. China, Canada, the Netherlands, South Korea, Turkey, Spain, Sweden, the UK, Pakistan and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average man-made filament fabric import price stood at $X per square meter in 2021, dropping by X% against the previous year. In general, the import price faced a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per square meter. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per square meter), while the price for the Czech Republic ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :