Finland: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Finland

The Finnish adhesive bandage market fell dramatically to $X in 2022, shrinking by -26.8% against the previous year. In general, consumption continues to indicate a perceptible slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Adhesive Bandage Production in Finland

In value terms, adhesive bandage production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 28% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then declined in the following year.

Adhesive Bandage Exports

Exports from Finland

In 2022, adhesive bandage exports from Finland was estimated at X tons, with an increase of 4.9% compared with the previous year. In general, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +1.9% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 31% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, adhesive bandage exports expanded notably to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +23.3% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 81%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), the United States (X tons) and France (X tons) were the main destinations of adhesive bandage exports from Finland, with a combined 78% share of total exports. These countries were followed by Malaysia and Sweden, which together accounted for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +293.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and France ($X) constituted the largest markets for adhesive bandage exported from Finland worldwide, with a combined 90% share of total exports. Malaysia and Sweden lagged somewhat behind, together accounting for a further 8.8%.

Among the main countries of destination, Malaysia, with a CAGR of +314.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, increasing by 1.8% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adhesive bandage export price increased by +11.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 62%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Finland

In 2022, purchases abroad of adhesive bandages increased by 4.6% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, adhesive bandage imports declined to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 16%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Sweden (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of adhesive bandage imports to Finland, together comprising 71% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +44.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of adhesive bandages to Finland, comprising 57% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.8% per year) and the Netherlands (+46.0% per year).

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, waning by -16.3% against the previous year. In general, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2020 an increase of 14%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 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 Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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