Finland: Woolen Fabric Market 2024

Woolen Fabric Market Size in Finland

The Finnish woolen fabric market declined rapidly to $X in 2023, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a deep reduction. Woolen fabric consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Woolen Fabric Exports

Exports from Finland

After three years of growth, shipments abroad of woven woolen fabrics decreased by X% to X square meters in 2023. In general, exports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X square meters in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, woolen fabric exports rose rapidly to $X in 2023. Over the period under review, total exports indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X square meters) was the main destination for woolen fabric exports from Finland, with a X% share of total exports. Moreover, woolen fabric exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X square meters), tenfold. The third position in this ranking was taken by Sweden (X square meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Lithuania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Sweden (X% per year).

In value terms, Lithuania ($X) remains the key foreign market for woven woolen fabrics exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Estonia, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Lithuania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2023, the average woolen fabric export price amounted to $X per square meter, rising by X% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, woolen fabric export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2020 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per square meter), while the average price for exports to Russia ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Woolen Fabric Imports

Imports into Finland

After three years of growth, supplies from abroad of woven woolen fabrics decreased by X% to X square meters in 2023. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, woolen fabric imports reduced rapidly to $X in 2023. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Denmark (X square meters) constituted the largest supplier of woolen fabric to Finland, accounting for a X% share of total imports. Moreover, woolen fabric imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X square meters), fivefold. The third position in this ranking was taken by Italy (X square meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Denmark amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, Denmark ($X) constituted the largest supplier of woven woolen fabrics to Finland, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Denmark amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the average woolen fabric import price amounted to $X per square meter, jumping by X% against the previous year. Overall, the import price saw strong growth. The growth pace was 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 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform