Finland: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Finland

In 2021, the Finnish paper sack and bag market increased by 5.5% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a slight contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Paper Sacks And Bags in Finland

In value terms, paper sack and bag production reached $X in 2021 estimated in export price. Over the period under review, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 41%. Paper sack and bag production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Paper Sacks And Bags

Exports from Finland

Paper sack and bag exports from Finland expanded significantly to X tons in 2021, with an increase of 5.7% on the previous year's figure. Overall, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.7% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 45% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, paper sack and bag exports soared to $X in 2021. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by 51%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons), Estonia (X tons) and Sweden (X tons) were the main destinations of paper sack and bag exports from Finland, with a combined 81% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +89.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for paper sacks and bags exports from Finland, comprising 51% of total exports. The second position in the ranking was held by Sweden ($X), with a 20% share of total exports. It was followed by Estonia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +91.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+16.4% per year) and Estonia (+7.7% per year).

Export Prices by Country

In 2021, the average paper sack and bag export price amounted to $X per ton, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Ukraine ($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 Sweden (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper Sacks And Bags

Imports into Finland

In 2021, supplies from abroad of paper sacks and bags increased by 2.2% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 52%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, paper sack and bag imports amounted to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 13% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of paper sack and bag imports to Finland, with a combined 54% share of total imports. These countries were followed by Estonia, the Netherlands, Italy, Poland, the Czech Republic and China, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +59.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paper sack and bag suppliers to Finland were Sweden ($X), Denmark ($X) and Germany ($X), with a combined 50% share of total imports. The Netherlands, Italy, Estonia, China, Poland and the Czech Republic lagged somewhat behind, together comprising a further 36%.

Among the main suppliers, the Czech Republic, with a CAGR of +54.4%, saw 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 paper sack and bag import price stood at $X per ton in 2021, surging by 11% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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