Finland: Narrow Woven Fabric Market 2025

Narrow Woven Fabric Market Size in Finland

The Finnish narrow woven fabric market shrank modestly to $X in 2021, remaining constant against the previous year. Overall, consumption saw a noticeable setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Narrow Woven Fabric Production in Finland

In value terms, narrow woven fabric production soared to $X in 2021 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 59% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; afterwards, it flattened through to 2021.

Narrow Woven Fabric Exports

Exports from Finland

In 2021, shipments abroad of narrow woven fabrics was finally on the rise to reach X tons after three years of decline. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, narrow woven fabric exports soared to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Estonia (X tons), Russia (X tons) and Norway (X tons) were the main destinations of narrow woven fabric exports from Finland, with a combined 45% share of total exports. Poland, Sweden, Latvia, Germany, the UK, France, Italy, Spain and Turkey lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +34.2%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Sweden ($X) and Russia ($X) appeared to be the largest markets for narrow woven fabric exported from Finland worldwide, together comprising 40% of total exports. Poland, Germany, Latvia, Norway, the UK, France, Italy, Spain and Turkey lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, Poland, with a CAGR of +15.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average narrow woven fabric export price amounted to $X per ton, increasing by 1.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 11%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 Norway (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Finland

In 2021, purchases abroad of narrow woven fabrics increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2018 when imports increased by 12% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, narrow woven fabric imports expanded notably to $X in 2021. Over the period under review, imports, however, continue to indicate a mild decrease. The pace of growth was the most pronounced in 2018 when imports increased by 22% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of narrow woven fabric imports to Finland, with a combined 60% share of total imports. These countries were followed by Estonia, Pakistan, Spain, Turkey, the Czech Republic, Italy and the United States, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +91.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest narrow woven fabric suppliers to Finland were Germany ($X), China ($X) and Sweden ($X), together comprising 54% of total imports. These countries were followed by Estonia, Turkey, Spain, Pakistan, Italy, the United States and the Czech Republic, which together accounted for a further 31%.

In terms of the main suppliers, Pakistan, with a CAGR of +45.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average narrow woven fabric import price stood at $X per ton in 2021, picking up by 1.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2013 when the average import price increased by 17% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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