Finland: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2025

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Finland

The Finnish market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) soared to $X in 2022, rising by 111% against the previous year. In general, consumption showed a strong increase. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Production of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Finland

In value terms, production of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) surged to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +103.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by 69% against the previous year. Production of peaked in 2022 and is likely to see gradual growth in the near future.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports from Finland

After two years of growth, overseas shipments of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) decreased by -97.6% to X tons in 2022. In general, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 82%. The exports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) declined dramatically to $X in 2022. Overall, exports faced a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

The UK (X tons), South Korea (X tons) and Norway (X tons) were the main destinations of exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Finland, with a combined 67% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of -3.3%), while the other leaders experienced a decline.

In value terms, the UK ($X), Norway ($X) and South Korea ($X) appeared to be the largest markets for wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) exported from Finland worldwide, with a combined 69% share of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of -3.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) amounted to $X per ton, growing by 43% against the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 61% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to South Korea ($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 UK (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports into Finland

In 2022, overseas purchases of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) decreased by -69% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 26%. Imports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) declined markedly to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

Estonia (X tons), Sweden (X tons) and Russia (X tons) were the main suppliers of imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Finland, with a combined 91% share of total imports. Spain, Lithuania, Latvia, Germany and Poland lagged somewhat behind, together accounting for a further 7.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +66.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Estonia ($X) and Germany ($X) constituted the largest wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) suppliers to Finland, together accounting for 87% of total imports. Latvia, Lithuania, Russia, Poland and Spain lagged somewhat behind, together accounting for a further 8.5%.

Among the main suppliers, Spain, with a CAGR of +38.2%, recorded the highest growth rate of the value of imports, 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 import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) amounted to $X per ton, surging by 20% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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