Finland: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Finland

The Finnish market for mattresses other than of cellular rubber or plastics shrank significantly to $X in 2022, reducing by -21% against the previous year. Over the period under review, consumption, however, posted resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Mattresses other than of cellular rubber or plastics in Finland

In value terms, production of mattresses other than of cellular rubber or plastics declined dramatically to $X in 2022 estimated in export price. In general, production continues to indicate a sharp decrease. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Finland

In 2022, after four years of growth, there was significant decline in overseas shipments of mattresses other than of cellular rubber or plastics, when their volume decreased by -38.2% to X units. Overall, exports showed a perceptible reduction. The growth pace was the most rapid in 2021 when exports increased by 132% against the previous year. As a result, the exports attained the peak of X units, and then declined significantly in the following year.

In value terms, exports of mattresses other than of cellular rubber or plastics contracted rapidly to $X in 2022. Over the period under review, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 87% against the previous year. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Sweden (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Finland, with a 52% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to Sweden exceeded the volume sent to the second major destination, Estonia (X units), threefold. The third position in this ranking was held by Lithuania (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-0.0% per year) and Lithuania (+3.0% per year).

In value terms, Sweden ($X) remains the key foreign market for mattresses other than of cellular rubber or plastics exports from Finland, comprising 51% of total exports. The second position in the ranking was held by Estonia ($X), with an 18% share of total exports. It was followed by Lithuania, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-1.7% per year) and Lithuania (+1.2% per year).

Export Prices by Country

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, remaining constant against the previous year. Overall, the export price, however, recorded a slight reduction. The pace of growth was the most pronounced in 2017 an increase of 88% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.9%), while the prices for the other major destinations experienced a decline.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Finland

In 2022, purchases abroad of mattresses other than of cellular rubber or plastics decreased by -30.6% to X units, falling for the second year in a row after five years of growth. Over the period under review, imports, however, posted moderate growth. The most prominent rate of growth was recorded in 2018 when imports increased by 65% against the previous year. Over the period under review, imports of hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics shrank to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 46%. Over the period under review, imports of hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Estonia (X units), Poland (X units) and Sweden (X units) were the main suppliers of imports of mattresses other than of cellular rubber or plastics to Finland, together accounting for 85% of total imports. Lithuania, Norway and China lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +24.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattresses other than of cellular rubber or plastics suppliers to Finland were Estonia ($X), Poland ($X) and Sweden ($X), with a combined 85% share of total imports. Lithuania, Norway and China lagged somewhat behind, together comprising a further 12%.

China, with a CAGR of +26.3%, saw 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 import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, surging by 32% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mattresses other than of cellular rubber or plastics increased by +82.5% against 2020 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Norway ($X per unit) and Poland ($X per unit), while the price for Lithuania ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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