Finland: Market for Wood Boxes, Crates and Cable Drums 2025

Market Size for Wood Boxes, Crates and Cable Drums in Finland

The Finnish market for wood boxes, crates and cable drums soared to $X in 2022, with an increase of 23% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Wood Boxes, Crates and Cable Drums in Finland

In value terms, wood box and cable drum production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +98.2% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. Wood box and cable drum production peaked in 2022 and is expected to retain growth in the near future.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Finland

In 2022, shipments abroad of wood boxes, crates and cable drums increased by 0.5% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 87% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, wood box and cable drum exports reduced slightly to $X in 2022. In general, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Germany (X units), Estonia (X units) and the Netherlands (X units) were the main destinations of wood box and cable drum exports from Finland, with a combined 58% share of total exports. Sweden, Norway, Lithuania and Bangladesh lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +71.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood box and cable drum exported from Finland were Germany ($X), Estonia ($X) and the Netherlands ($X), together comprising 57% of total exports. Sweden, Norway, Lithuania and Bangladesh lagged somewhat behind, together comprising a further 30%.

In terms of the main countries of destination, Lithuania, with a CAGR of +59.5%, recorded the highest rates of growth with regard to 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 export price for wood boxes, crates and cable drums stood at $X per unit in 2022, reducing by -1.6% against the previous year. In general, the export price showed a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and Estonia ($X per unit), while the average price for exports to Bangladesh ($X per unit) and Lithuania ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-6.7%), while the prices for the other major destinations experienced a decline.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Finland

In 2022, purchases abroad of wood boxes, crates and cable drums was finally on the rise to reach X units after two years of decline. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 28% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood box and cable drum imports surged to $X in 2022. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Estonia (X units) constituted the largest wood box and cable drum supplier to Finland, accounting for a 69% share of total imports. Moreover, wood box and cable drum imports from Estonia exceeded the figures recorded by the second-largest supplier, Sweden (X units), fourfold. The third position in this ranking was taken by Poland (X units), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from Estonia totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+24.0% per year) and Poland (+17.0% per year).

In value terms, Estonia ($X) constituted the largest supplier of wood boxes, crates and cable drums to Finland, comprising 69% of total imports. The second position in the ranking was taken by Sweden ($X), with an 18% share of total imports. It was followed by Poland, with a 3% share.

From 2012 to 2022, the average annual growth rate of value from Estonia amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+32.7% per year) and Poland (+25.1% per year).

Import Prices by Country

In 2022, the average import price for wood boxes, crates and cable drums amounted to $X per unit, jumping by 22% against the previous year. Overall, the import price enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 35%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Estonia ($X per unit) and Sweden ($X per unit), while the price for Lithuania ($X per unit) and the Czech Republic ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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