Finland: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Finland

The Finnish assembled parquet panels market soared to $X in 2021, rising by 22% against the previous year. In general, consumption, however, showed a perceptible shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Assembled Parquet Panels Production in Finland

In value terms, assembled parquet panels production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 48%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Assembled Parquet Panels Exports

Exports from Finland

In 2021, shipments abroad of assembled parquet panels was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, showed a sharp contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 20% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, assembled parquet panels exports skyrocketed to $X in 2021. Overall, exports, however, recorded a sharp contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for assembled parquet panels exports from Finland, accounting for a 45% share of total exports. Moreover, assembled parquet panels exports to Norway exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled -24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-13.8% per year) and Hong Kong SAR (+6.3% per year).

In value terms, Norway ($X) remains the key foreign market for assembled parquet panels exports from Finland, comprising 46% of total exports. The second position in the ranking was held by China ($X), with a 16% share of total exports. It was followed by Hong Kong SAR, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway stood at -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-13.1% per year) and Hong Kong SAR (+7.0% per year).

Export Prices by Country

The average assembled parquet panels export price stood at $X per ton in 2021, increasing by 22% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, assembled parquet panels export price increased by +67.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 37%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($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 Germany (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Assembled Parquet Panels Imports

Imports into Finland

In 2021, supplies from abroad of assembled parquet panels was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a slight curtailment. The growth pace was the most rapid in 2017 with an increase of 85%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, assembled parquet panels imports surged to $X in 2021. In general, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 81%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of assembled parquet panels to Finland, accounting for a 61% share of total imports. Moreover, assembled parquet panels imports from Sweden exceeded the figures recorded by the second-largest supplier, Russia (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-10.8% per year) and Germany (-5.5% per year).

In value terms, Sweden ($X) constituted the largest supplier of assembled parquet panels to Finland, comprising 65% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Russia, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.2% per year) and Russia (-13.8% per year).

Import Prices by Country

In 2021, the average assembled parquet panels import price amounted to $X per ton, surging by 3.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 11%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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