Finland: Common Pottery Market 2024

Common Pottery Market Size in Finland

The Finnish common pottery market soared to $X in 2022, picking up by 22% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Common Pottery Production in Finland

In value terms, common pottery production surged to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 39%. Common pottery production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Common Pottery Exports

Exports from Finland

In 2022, shipments abroad of common pottery decreased by -21.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, the exports reached the peak of X tons, and then fell notably in the following year.

In value terms, common pottery exports dropped sharply to $X in 2022. In general, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

Sweden (X tons) was the main destination for common pottery exports from Finland, accounting for a 32% share of total exports. Moreover, common pottery exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+6.1% per year) and Japan (-4.2% per year).

In value terms, Sweden ($X) remains the key foreign market for common pottery exports from Finland, comprising 26% of total exports. The second position in the ranking was taken by Norway ($X), with an 11% share of total exports. It was followed by Japan, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+5.2% per year) and Japan (-7.8% per year).

Export Prices by Country

In 2022, the average common pottery export price amounted to $X per ton, declining by -4% against the previous year. Over the period under review, the export price, however, recorded a slight increase. The growth pace was the most rapid in 2013 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to the Netherlands ($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 Estonia (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Common Pottery Imports

Imports into Finland

Common pottery imports into Finland skyrocketed to X tons in 2022, increasing by 34% on 2021 figures. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, common pottery imports contracted to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of common pottery to Finland, with a 73% share of total imports. Moreover, common pottery imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Romania (X tons), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.8% per year) and Romania (+13.5% per year).

In value terms, Thailand ($X) constituted the largest supplier of common pottery to Finland, comprising 73% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Romania, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from Thailand amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.5% per year) and Romania (+17.0% per year).

Import Prices by Country

In 2022, the average common pottery import price amounted to $X per ton, waning by -31.7% against the previous year. Overall, the import price showed a perceptible descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Thailand ($X per ton), while the price for Romania ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :