Finland: Leather Footwear Market 2025

Leather Footwear Market Size in Finland

In 2021, the Finnish leather footwear market decreased by -9.5% to $X, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a abrupt shrinkage. Leather footwear consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Leather Footwear Production in Finland

In value terms, leather footwear production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 8.5% against the previous year. Leather footwear production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Leather Footwear Exports

Exports from Finland

In 2021, shipments abroad of leather footwear was finally on the rise to reach X tons after three years of decline. In general, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 18% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, leather footwear exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for leather footwear exports from Finland, with a 39% share of total exports. Moreover, leather footwear exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), twofold. Estonia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.5% per year) and Estonia (-16.1% per year).

In value terms, Sweden ($X) remains the key foreign market for leather footwear exports from Finland, comprising 42% of total exports. The second position in the ranking was held by Norway ($X), with a 12% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-0.5% per year) and Germany (+7.4% per year).

Export Prices by Country

The average leather footwear export price stood at $X per kg in 2021, with an increase of 20% against the previous year. Overall, the export price, however, recorded a pronounced descent. The export price peaked at $X per kg in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per kg), while the average price for exports to Russia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports

Imports into Finland

In 2021, approx. X tons of leather footwear were imported into Finland; with a decrease of -19.2% on the previous year. Overall, imports faced a abrupt shrinkage. The smallest decline of -0.2% was in 2017. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, leather footwear imports fell to $X in 2021. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 10%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Sweden (X tons) were the main suppliers of leather footwear imports to Finland, with a combined 47% share of total imports. These countries were followed by China, India, Portugal, Denmark, Italy, Estonia, Poland, Spain, France and Belgium, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +24.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and the Netherlands ($X) constituted the largest leather footwear suppliers to Finland, with a combined 57% share of total imports. China, Denmark, Italy, Poland, Portugal, Estonia, Spain, France, India and Belgium lagged somewhat behind, together accounting for a further 36%.

Poland, with a CAGR of +28.3%, saw the highest growth rate of the value of imports, in terms of 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 leather footwear import price stood at $X per kg in 2021, with an increase of 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform