Finland: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in Finland

For the third consecutive year, the Finnish table-tennis equipment market recorded growth in sales value, which increased by 52% to $X in 2022. Overall, consumption saw buoyant growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Table-Tennis Equipment Exports

Exports from Finland

In 2022, overseas shipments of articles and equipment for table-tennis increased by 145% to X tons, rising for the second year in a row after three years of decline. Overall, exports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 181%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, table-tennis equipment exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 673% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for table-tennis equipment exports from Finland, accounting for a 73% share of total exports. Moreover, table-tennis equipment exports to Russia exceeded the volume sent to the second major destination, the United States (X kg), ninefold. The third position in this ranking was taken by Estonia (X kg), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+37.5% per year) and Estonia (-17.7% per year).

In value terms, the United States ($X), Russia ($X) and Estonia ($X) constituted the largest markets for table-tennis equipment exported from Finland worldwide, together comprising 68% of total exports.

The United States, with a CAGR of +209.9%, saw the highest growth rate of the value of exports, among the main countries of destination 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 table-tennis equipment export price amounted to $X per ton, which is down by -50.2% against the previous year. In general, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 175%. As a result, the export price reached the peak level of $X per ton, and then shrank significantly 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 ($X per ton), while the average price for exports to Russia ($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 the United States (+125.3%), while the prices for the other major destinations experienced more modest paces of growth.

Table-Tennis Equipment Imports

Imports into Finland

For the third year in a row, Finland recorded growth in purchases abroad of articles and equipment for table-tennis, which increased by 47% to X tons in 2022. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 107%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, table-tennis equipment imports skyrocketed to $X in 2022. In general, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of table-tennis equipment to Finland, with a 64% share of total imports. Moreover, table-tennis equipment imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.7% per year) and Sweden (+3.9% per year).

In value terms, China ($X) constituted the largest supplier of articles and equipment for table-tennis to Finland, comprising 71% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Sweden, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.7% per year) and Sweden (+3.1% per year).

Import Prices by Country

In 2022, the average table-tennis equipment import price amounted to $X per ton, growing by 9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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