Finland: Plaits And Basketwork Market 2025

Plaits And Basketwork Market Size in Finland

The Finnish plaits and basketwork market declined to $X in 2022, dropping by -2% against the previous year. Over the period under review, consumption, however, showed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Plaits And Basketwork Production in Finland

In value terms, plaits and basketwork production dropped remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient increase. The growth pace was the most rapid in 2021 when the production volume increased by 88%. Plaits and basketwork production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plaits And Basketwork Exports

Exports from Finland

In 2022, approx. X tons of plaits, basketwork, wickerwork and similar products of plaiting materials were exported from Finland; growing by 23% compared with 2021. In general, exports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plaits and basketwork exports skyrocketed to $X in 2022. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 50%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Estonia (X tons) was the main destination for plaits and basketwork exports from Finland, with a 33% share of total exports. Moreover, plaits and basketwork exports to Estonia exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by Latvia (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+5.0% per year) and Latvia (-0.7% per year).

In value terms, Estonia ($X), Germany ($X) and Sweden ($X) appeared to be the largest markets for plaits and basketwork exported from Finland worldwide, with a combined 43% share of total exports. Latvia, Spain, Poland, Japan, Lithuania and Russia lagged somewhat behind, together comprising a further 22%.

Among the main countries of destination, Poland, with a CAGR of +102.3%, saw 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

The average plaits and basketwork export price stood at $X per ton in 2022, rising by 11% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaits and basketwork export price increased by +34.8% against 2019 indices. The growth pace was the most rapid in 2017 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports into Finland

In 2022, overseas purchases of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -5.7% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports recorded a noticeable setback. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plaits and basketwork imports fell slightly to $X in 2022. In general, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.5% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

China (X tons), Vietnam (X tons) and Germany (X tons) were the main suppliers of plaits and basketwork imports to Finland, together comprising 78% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plaits and basketwork suppliers to Finland were China ($X), Vietnam ($X) and Indonesia ($X), together accounting for 78% of total imports. Bangladesh, Sweden, Germany and India lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Bangladesh, with a CAGR of +14.6%, saw the highest growth rate of 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 plaits and basketwork import price stood at $X per ton in 2022, with an increase of 2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2021 when the average import price increased by 14%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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