Finland: Articles Of Gut Market 2024

Articles Of Gut Market Size in Finland

The Finnish articles of gut market reduced to $X in 2022, falling by -6% against the previous year. Overall, consumption, however, enjoyed a significant expansion. Articles of gut consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Articles Of Gut Production in Finland

In value terms, articles of gut production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 7.8% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Articles Of Gut Exports

Exports from Finland

In 2022, approx. X kg of articles of gut, goldbeater’s skin, bladders or tendons were exported from Finland; with an increase of 267% compared with 2021. Overall, exports, however, showed a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 400% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, articles of gut exports fell significantly to $X in 2022. In general, exports, however, recorded a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 357%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Portugal (X kg) was the main destination for articles of gut exports from Finland, accounting for a 64% share of total exports. Moreover, articles of gut exports to Portugal exceeded the volume sent to the second major destination, the United States (X kg), fourfold. The third position in this ranking was taken by the UK (X kg), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-17.3% per year) and the UK (-37.0% per year).

In value terms, the United States ($X), Portugal ($X) and the UK ($X) constituted the largest markets for articles of gut exported from Finland worldwide, with a combined 84% share of total exports. Moreover, articles of gut exports in the United States exceeded the figures recorded by the second-largest exporter, Portugal, twofold.

Portugal, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average articles of gut export price amounted to $X per ton, falling by -96.7% against the previous year. In general, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 867%. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($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 Estonia (+4.3%), while the prices for the other major destinations experienced a decline.

Articles Of Gut Imports

Imports into Finland

In 2022, approx. X kg of articles of gut, goldbeater’s skin, bladders or tendons were imported into Finland; falling by -35.7% compared with 2021. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2019 when imports increased by 12,414%. As a result, imports attained the peak of X kg. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, articles of gut imports stood at $X in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 9,740% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X kg), Malaysia (X kg) and Poland (X kg) were the main suppliers of articles of gut imports to Finland, with a combined 80% share of total imports. Belgium and Denmark lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +9.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Belgium ($X) constituted the largest articles of gut suppliers to Finland, with a combined 95% share of total imports.

Belgium, with a CAGR of +26.1%, recorded the highest rates of growth with regard to 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 articles of gut import price stood at $X per ton in 2022, increasing by 69% against the previous year. In general, the import price, however, saw a abrupt curtailment. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Belgium ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.2%).

Source: IndexBox Platform

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