Finland: Book Cover Market 2024

Book Cover Market Size in Finland

After five years of growth, the Finnish book cover market decreased by -22.2% to $X in 2022. Over the period under review, consumption showed a noticeable setback. Book cover consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Book Cover Production in Finland

In value terms, book cover production rose to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 83% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Book Cover Exports

Exports from Finland

In 2022, exports of blotting pads and book covers from Finland skyrocketed to X tons, picking up by 267% against 2021. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 445%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, book cover exports soared to $X in 2022. Over the period under review, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 248% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons), Poland (X tons) and Estonia (X tons) were the main destinations of book cover exports from Finland, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +293.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for blotting pads and book covers exports from Finland, comprising 70% of total exports. The second position in the ranking was held by Poland ($X), with a 27% share of total exports. It was followed by Estonia, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +80.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+265.8% per year) and Estonia (+3.7% per year).

Export Prices by Country

The average book cover export price stood at $X per ton in 2022, dropping by -28.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Norway ($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 (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Book Cover Imports

Imports into Finland

In 2022, after two years of growth, there was significant decline in purchases abroad of blotting pads and book covers, when their volume decreased by -5.6% to X tons. In general, imports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 45%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, book cover imports dropped to $X in 2022. Overall, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Estonia (X tons) and Germany (X tons) were the main suppliers of book cover imports to Finland, together accounting for 58% of total imports. China, Lithuania, Austria, Italy and Denmark lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +443.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Estonia ($X) and Sweden ($X) appeared to be the largest book cover suppliers to Finland, together comprising 53% of total imports. China, Lithuania, Italy, Austria and Denmark lagged somewhat behind, together comprising a further 39%.

Lithuania, with a CAGR of +421.5%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 book cover import price stood at $X per ton in 2022, dropping by -5.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Lithuania ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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