Finland: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Finland

The Finnish vulcanised rubber mats market totaled $X in 2021, increasing by 13% 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 in 2021 and is likely to continue growth in years to come.

Vulcanised Rubber Mats Production in Finland

In value terms, vulcanised rubber mats production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 40%. Vulcanised rubber mats production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Vulcanised Rubber Mats Exports

Exports from Finland

In 2021, vulcanised rubber mats exports from Finland skyrocketed to X tons, jumping by 40% compared with 2020. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 67% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, vulcanised rubber mats exports skyrocketed to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons), Latvia (X tons) and Lithuania (X tons) were the main destinations of vulcanised rubber mats exports from Finland, with a combined 84% share of total exports. These countries were followed by Sweden, Russia, the Czech Republic and Germany, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +93.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for floor coverings and mats of vulcanised rubber exports from Finland, comprising 49% of total exports. The second position in the ranking was held by Latvia ($X), with an 18% share of total exports. It was followed by Lithuania, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+20.8% per year) and Lithuania (+18.2% per year).

Export Prices by Country

The average vulcanised rubber mats export price stood at $X per ton in 2021, with a decrease of -4.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 21%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Finland

In 2021, approx. X tons of floor coverings and mats of vulcanised rubber were imported into Finland; picking up by 6.7% compared with the previous year's figure. Over the period under review, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.0% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, vulcanised rubber mats imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest vulcanised rubber mats supplier to Finland, accounting for a 38% share of total imports. Moreover, vulcanised rubber mats imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Ireland (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.5% per year) and Ireland (+127.3% per year).

In value terms, the largest vulcanised rubber mats suppliers to Finland were Germany ($X), Sweden ($X) and China ($X), together comprising 59% of total imports. These countries were followed by Ireland, France, the Netherlands, the Czech Republic, India, Indonesia, Poland, Latvia, Canada and Turkey, which together accounted for a further 36%.

Ireland, with a CAGR of +84.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vulcanised rubber mats import price stood at $X per ton in 2021, growing by 8.6% against the previous year. Over the period under review, the import price, however, recorded a slight setback. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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