Finland: Cork Article Market 2024

Cork Article Market Size in Finland

The Finnish cork article market dropped to $X in 2021, which is down by -7% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Cork Article Production in Finland

In value terms, cork article production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 32% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Cork Article Exports

Exports from Finland

Cork article exports from Finland soared to X tons in 2021, picking up by 56% compared with the year before. Overall, exports enjoyed a moderate expansion. The pace of growth was the most pronounced in 2013 when exports increased by 99%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, cork article exports soared to $X in 2021. In general, exports posted a prominent expansion. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons), Russia (X tons) and Latvia (X kg) were the main destinations of cork article exports from Finland, with a combined 60% share of total exports. Sweden, Poland, Japan, Norway, Australia and the United Arab Emirates lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +93.8%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Estonia ($X) and Russia ($X) appeared to be the largest markets for cork article exported from Finland worldwide, together comprising 44% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +123.1%, recorded 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

The average cork article export price stood at $X per ton in 2021, rising by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+49.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cork Article Imports

Imports into Finland

In 2021, approx. X tons of cork articles were imported into Finland; with a decrease of -8.7% on the year before. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.4% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 60%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, cork article imports fell to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 48%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Portugal (X tons) was the main cork article supplier to Finland, with a 94% share of total imports. It was followed by Sweden (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Portugal totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+49.6% per year) and Germany (-8.1% per year).

In value terms, Portugal ($X) constituted the largest supplier of cork articles to Finland, comprising 82% of total imports. The second position in the ranking was taken by Sweden ($X), with a 6.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Portugal amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+43.4% per year) and Germany (-10.5% per year).

Import Prices by Country

The average cork article import price stood at $X per ton in 2021, growing by 2.1% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2018 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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