Finland: Smoothing Iron Market 2024

Smoothing Iron Market Size in Finland

The Finnish smoothing iron market expanded remarkably to $X in 2021, growing by 10% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.3% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Smoothing Iron Production in Finland

In value terms, smoothing iron production skyrocketed to $X in 2021 estimated in export price. In general, production showed a buoyant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 65% against the previous year. Smoothing iron production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Smoothing Iron Exports

Exports from Finland

In 2021, overseas shipments of electric smoothing irons were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, faced a drastic downturn. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, smoothing iron exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X units) was the main destination for smoothing iron exports from Finland, with a 76% share of total exports. Moreover, smoothing iron exports to South Korea exceeded the volume sent to the second major destination, Estonia (X units), fivefold. The Czech Republic (X units) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea totaled +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+8.5% per year) and the Czech Republic (+24.8% per year).

In value terms, South Korea ($X) emerged as the key foreign market for electric smoothing irons exports from Finland, comprising 98% of total exports. The second position in the ranking was held by Estonia ($X), with a 0.8% share of total exports. It was followed by Russia, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea amounted to +85.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+13.0% per year) and Russia (-12.0% per year).

Export Prices by Country

The average smoothing iron export price stood at $X per unit in 2021, increasing by 2,525% against the previous year. Over the period under review, the export price enjoyed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+38.9%), while the prices for the other major destinations experienced more modest paces of growth.

Smoothing Iron Imports

Imports into Finland

In 2021, the amount of electric smoothing irons imported into Finland shrank to X units, declining by -10.4% on the previous year. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 when imports increased by 32%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, smoothing iron imports rose rapidly to $X in 2021. Over the period under review, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 23% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Sweden (X units) constituted the largest smoothing iron supplier to Finland, accounting for a 40% share of total imports. Moreover, smoothing iron imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.3% per year) and the Netherlands (+80.0% per year).

In value terms, Sweden ($X) constituted the largest supplier of electric smoothing irons to Finland, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Sweden amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+73.8% per year) and the Netherlands (+57.9% per year).

Import Prices by Country

In 2021, the average smoothing iron import price amounted to $X per unit, with an increase of 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 18%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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