Finland: Skates Market 2024

Skates Market Size in Finland

The Finnish skates market soared to $X in 2021, growing by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Skates consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Skates Exports

Exports from Finland

In 2021, the amount of ice skates and roller skates exported from Finland shrank to X tons, waning by -10% against the previous year. In general, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by 67%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, skates exports declined markedly to $X in 2021. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 94%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Estonia (X tons) and Sweden (X kg) were the main destinations of skates exports from Finland, with a combined 84% share of total exports. These countries were followed by Norway, China, Kazakhstan, India and Latvia, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +343.1%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for ice skates and roller skates exports from Finland, comprising 66% of total exports. The second position in the ranking was taken by Estonia ($X), with a 7% share of total exports. It was followed by Kazakhstan, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to Russia stood at -16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+11.7% per year) and Kazakhstan (+248.2% per year).

Export Prices by Country

The average skates export price stood at $X per ton in 2021, with a decrease of -14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2019 an increase of 34%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Estonia ($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 Estonia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Skates Imports

Imports into Finland

Skates imports into Finland skyrocketed to X tons in 2021, with an increase of 27% on the previous year's figure. Over the period under review, imports, however, saw a noticeable decline. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, skates imports surged to $X in 2021. In general, imports, however, showed a slight downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of skates to Finland, accounting for a 66% share of total imports. Moreover, skates imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden stood at +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.9% per year) and Germany (-1.9% per year).

In value terms, Sweden ($X) constituted the largest supplier of ice skates and roller skates to Finland, comprising 73% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Canada, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from Sweden amounted to +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.7% per year) and Canada (-5.7% per year).

Import Prices by Country

The average skates import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then contracted slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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