Finland: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in Finland

In 2022, the Finnish jute and jute-like fibers market increased by 1,860% to $X, rising for the third consecutive year after two years of decline. In general, consumption showed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Jute And Jute-Like Fibers in Finland

In value terms, jute and jute-like fibers production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 9,113,780% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The average yield of jute and jute-like fibers in Finland totaled less than X kg per ha in 2022, remaining relatively unchanged against 2021. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of jute and jute-like fibers production in Finland was estimated at less than X ha, stabilizing at 2021 figures. In general, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Finland

In 2022, approx. X kg of jute and jute-like fibers were exported from Finland; with a decrease of -96% on the previous year. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 27,877% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, jute and jute-like fibers exports soared to $X in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 970% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X kg) was the main destination for jute and jute-like fibers exports from Finland, with a 54% share of total exports. Moreover, jute and jute-like fibers exports to Denmark exceeded the volume sent to the second major destination, Estonia (X kg), twofold. Germany (X kg) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark amounted to -90.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-24.3% per year) and Germany (0.0% per year).

In value terms, Denmark ($X) emerged as the key foreign market for jute and jute-like fibers exports from Finland, comprising 56% of total exports. The second position in the ranking was held by Estonia ($X), with a 24% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark amounted to +1,166.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-12.8% per year) and Germany (0.0% per year).

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, jumping by 2,894% against the previous year. In general, the export price posted a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Estonia ($X per ton) and Denmark ($X per ton), while the average price for exports to Germany ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+13,245.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into Finland

In 2022, approx. X tons of jute and jute-like fibers were imported into Finland; reducing by -62.4% against the year before. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 514% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, jute and jute-like fibers imports contracted dramatically to $X in 2022. In general, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2021 with an increase of 860% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest supplier of jute and jute-like fibers to Finland, with a 57% share of total imports. Moreover, jute and jute-like fibers imports from Bangladesh exceeded the figures recorded by the second-largest supplier, China (X kg), threefold. Denmark (X kg) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh totaled +93.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.3% per year) and Denmark (+140.3% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of jute and jute-like fibers to Finland, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Sweden, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from Bangladesh amounted to +103.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.8% per year) and Sweden (+0.2% per year).

Import Prices by Country

In 2022, the average jute and jute-like fibers import price amounted to $X per ton, surging by 14% against the previous year. Over the period under review, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 56% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 the Netherlands ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+31.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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