Finland: Linoleum Market 2024

Linoleum Market Size in Finland

The Finnish linoleum market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 6.3%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Linoleum Exports

Exports from Finland

For the fourth year in a row, Finland recorded decline in overseas shipments of linoleum, which decreased by -49.3% to X square meters in 2021. In general, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 324%. The exports peaked at X square meters in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, linoleum exports declined rapidly to $X in 2021. Over the period under review, exports saw a precipitous curtailment. The pace of growth was the most pronounced in 2017 with an increase of 510%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Latvia (X square meters) was the main destination for linoleum exports from Finland, with a 92% share of total exports. Moreover, linoleum exports to Latvia exceeded the volume sent to the second major destination, the Netherlands (X square meters), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Latvia stood at -37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-30.3% per year) and South Korea (-75.0% per year).

In value terms, Latvia ($X) remains the key foreign market for linoleum exports from Finland, comprising 78% of total exports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Latvia totaled -55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-79.2% per year) and the Netherlands (-36.5% per year).

Export Prices by Country

In 2021, the average linoleum export price amounted to $X per square meter, waning by -27.7% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2019 an increase of 67% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per square meter), while the average price for exports to the Netherlands ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (-6.8%), while the prices for the other major destinations experienced a decline.

Linoleum Imports

Imports into Finland

In 2021, overseas purchases of linoleum increased by 6.1% to X square meters for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a deep reduction. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, linoleum imports stood at $X in 2021. Over the period under review, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 8.9%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X square meters) constituted the largest linoleum supplier to Finland, with a 68% share of total imports. Moreover, linoleum imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Sweden (X square meters), threefold. France (X square meters) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+27.9% per year) and France (+22.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of linoleum to Finland, comprising 67% of total imports. The second position in the ranking was held by Sweden ($X), with a 28% share of total imports. It was followed by France, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+18.7% per year) and France (-24.9% per year).

Import Prices by Country

In 2021, the average linoleum import price amounted to $X per square meter, remaining stable against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. The import price peaked at $X per square meter in 2020, and then reduced in the following year.

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 Italy ($X per square meter), while the price for France ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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