Finland: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2024

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Finland

In 2022, the Finnish bedding and furnishing article market decreased by -23% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of 8.7% against the previous year. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Finland

In value terms, bedding and furnishing article production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 25% against the previous year. Bedding and furnishing article production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Finland

In 2022, overseas shipments of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -14.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 42% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, bedding and furnishing article exports shrank to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Estonia (X tons), Sweden (X tons) and Russia (X tons) were the main destinations of bedding and furnishing article exports from Finland, together accounting for 71% of total exports. Lithuania, Latvia, Japan, the UK, Norway, Germany, Australia, South Korea and Poland lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +36.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bedding and furnishing article exported from Finland were Sweden ($X), Estonia ($X) and Russia ($X), with a combined 54% share of total exports. South Korea, Latvia, Japan, the UK, Germany, Norway, Lithuania, Poland and Australia lagged somewhat behind, together accounting for a further 31%.

Australia, with a CAGR of +40.1%, recorded the highest rates of growth with regard to 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

The average bedding and furnishing article export price stood at $X per ton in 2022, surging by 8.7% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 14%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the 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 South Korea ($X per ton), while the average price for exports to Australia ($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 Latvia (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Finland

In 2022, purchases abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -28.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, bedding and furnishing article imports fell rapidly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

China (X tons), Estonia (X tons) and Poland (X tons) were the main suppliers of bedding and furnishing article imports to Finland, with a combined 66% share of total imports. India, Norway, Lithuania, Denmark and Sweden lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +17.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bedding and furnishing article suppliers to Finland were Estonia ($X), China ($X) and Poland ($X), together comprising 64% of total imports. India, Norway, Denmark, Lithuania and Sweden lagged somewhat behind, together comprising a further 23%.

Norway, with a CAGR of +9.4%, saw 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

In 2022, the average bedding and furnishing article import price amounted to $X per ton, rising by 1.7% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of 9% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Denmark ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform