Finland: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Finland

In 2022, the Finnish plastic shutters and blinds market decreased by -13.1% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Plastic Shutters And Blinds in Finland

In value terms, plastic shutters and blinds production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 211%. Plastic shutters and blinds production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Plastic Shutters And Blinds

Exports from Finland

In 2022, approx. X units of plastic shutters and blinds were exported from Finland; shrinking by -17.8% against the previous year's figure. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 13% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic shutters and blinds exports expanded rapidly to $X in 2022. Overall, exports recorded a slight curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 20% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X units), Sweden (X units) and the United States (X units) were the main destinations of plastic shutters and blinds exports from Finland, with a combined 44% share of total exports. Germany, Denmark, France, Poland, the Netherlands, the Czech Republic, Brazil, Slovenia, Norway and Canada lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +35.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Estonia ($X) and Denmark ($X) appeared to be the largest markets for plastic shutters and blinds exported from Finland worldwide, together comprising 44% of total exports.

Among the main countries of destination, Denmark, with a CAGR of +38.5%, 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

The average plastic shutters and blinds export price stood at $X per unit in 2022, with an increase of 34% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic shutters and blinds export price increased by +89.5% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Slovenia ($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 Sweden (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports into Finland

In 2022, supplies from abroad of plastic shutters and blinds decreased by -10.8% to X units, falling for the second consecutive year after two years of growth. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 51%. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, plastic shutters and blinds imports fell sharply to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X units), Germany (X units) and Sweden (X units) were the main suppliers of plastic shutters and blinds imports to Finland, with a combined 84% share 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 +11.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of plastic shutters and blinds to Finland, comprising 33% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by Sweden, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.4% per year) and Sweden (-3.9% per year).

Import Prices by Country

The average plastic shutters and blinds import price stood at $X per unit in 2022, with a decrease of -9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 42% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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