Finland: Footwear Treatments Market 2024

Footwear Treatments Market Size in Finland

The Finnish footwear treatments market contracted modestly to $X in 2022, shrinking by -2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Footwear Treatments Exports

Exports from Finland

In 2022, after two years of growth, there was significant decline in overseas shipments of polishes and creams for footwear or leather, when their volume decreased by -12.7% to X tons. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 194% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, footwear treatments exports soared to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 166%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons) was the main destination for footwear treatments exports from Finland, accounting for a 58% share of total exports. Moreover, footwear treatments exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), threefold. Latvia (X kg) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania stood at +63.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-0.3% per year) and Latvia (+47.5% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for polishes and creams for footwear or leather exports from Finland, comprising 52% of total exports. The second position in the ranking was held by Lithuania ($X), with a 23% share of total exports. It was followed by Estonia, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan stood at +92.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+53.3% per year) and Estonia (+3.2% per year).

Export Prices by Country

In 2022, the average footwear treatments export price amounted to $X per ton, increasing by 126% against the previous year. Overall, the export price saw a strong expansion. As a result, the export price reached 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 Kazakhstan ($X per ton), while the average price for exports to Latvia ($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 Kazakhstan (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into Finland

In 2022, imports of polishes and creams for footwear or leather into Finland dropped slightly to X tons, falling by -3.3% on the previous year. In general, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 when imports increased by 96%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, footwear treatments imports contracted slightly to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 32%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of footwear treatments to Finland, accounting for a 45% share of total imports. Moreover, footwear treatments imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.5% per year) and the United States (+27.9% per year).

In value terms, Germany ($X) constituted the largest supplier of polishes and creams for footwear or leather to Finland, comprising 35% of total imports. The second position in the ranking was taken by Poland ($X), with a 12% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+28.5% per year) and the United States (+21.6% per year).

Import Prices by Country

In 2022, the average footwear treatments import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2018 an increase of 47% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Spain ($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 (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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