Finland: Market for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China 2024

Market Size for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China in Finland

In 2022, the Finnish market for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china decreased by -46.4% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, recorded pronounced growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China in Finland

In value terms, production of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china declined markedly to $X in 2022 estimated in export price. Over the period under review, production saw a slight descent. Over the period under review, production of reached the peak level at $X in 2021, and then reduced notably in the following year.

Exports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Exports from Finland

In 2022, shipments abroad of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china decreased by -50% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a deep contraction. The growth pace was the most rapid in 2014 when exports increased by 26%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china fell markedly to $X in 2022. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 20% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Sweden (X units) was the main destination for exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from Finland, accounting for a 48% share of total exports. Moreover, exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to Sweden exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by Norway (X units), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.3% per year) and Norway (-12.0% per year).

In value terms, the largest markets for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china exported from Finland were Sweden ($X), Norway ($X) and Germany ($X), together comprising 88% of total exports. France, Italy, China and the UK lagged somewhat behind, together comprising a further 7.9%.

Among the main countries of destination, China, with a CAGR of +1.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 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 2016 to 2022, the average export prices remained at a somewhat lower figure.

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 Norway ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Imports into Finland

In 2022, the amount of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china imported into Finland rose slightly to X units, with an increase of 3.8% against the previous year. Overall, imports, however, continue to indicate a sharp reduction. The growth pace was the most rapid in 2017 when imports increased by 19%. Over the period under review, imports of attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china rose to $X in 2022. Over the period under review, imports, however, faced a dramatic decrease. The most prominent rate of growth was recorded in 2017 with an increase of 35%. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Hungary (X units), Sweden (X units) and Italy (X units) were the main suppliers of imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to Finland, with a combined 55% share of total imports. Poland, Denmark, Germany, Latvia, China, Estonia and Thailand lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +79.4%), while purchases for the other leaders experienced a decline.

In value terms, Hungary ($X), Sweden ($X) and Italy ($X) constituted the largest ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china suppliers to Finland, together comprising 57% of total imports. Poland, Denmark, Germany, Latvia, China, Estonia and Thailand lagged somewhat behind, together accounting for a further 32%.

Latvia, with a CAGR of +91.3%, 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 a decline.

Import Prices by Country

In 2022, the average import price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the import price, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 an increase of 24% against the previous year. The import price peaked at $X per unit in 2021, and then dropped modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform