Finland: Garden Tool Market 2024

Garden Tool Market Size in Finland

After two years of growth, the Finnish garden tool market decreased by X% to $X in 2022. In general, consumption recorded a noticeable decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Garden Tool Production in Finland

In value terms, garden tool production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a dramatic setback. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Garden Tool Exports

Exports from Finland

In 2022, shipments abroad of garden tools decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, garden tool exports dropped rapidly to $X in 2022. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for garden tool exports from Finland, accounting for a X% share of total exports. Moreover, garden tool exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), threefold. Latvia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Latvia (X% per year).

In value terms, the largest markets for garden tool exported from Finland were Sweden ($X), Estonia ($X) and Latvia ($X), with a combined X% share of total exports.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average garden tool export price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price showed a modest increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Garden Tool Imports

Imports into Finland

In 2022, supplies from abroad of garden tools decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, garden tool imports shrank notably to $X in 2022. Overall, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of garden tool to Finland, accounting for a X% share of total imports. Moreover, garden tool imports from Poland exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and China (X% per year).

In value terms, Poland ($X), Sweden ($X) and the Netherlands ($X) constituted the largest garden tool suppliers to Finland, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of 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 garden tool import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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