Finland: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Finland

The Finnish wooden furniture treatments market reduced sharply to $X in 2022, shrinking by -23.6% against the previous year. Over the period under review, consumption continues to indicate a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in Finland

In value terms, wooden furniture treatments production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by 3,951% against the previous year. Wooden furniture treatments production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from Finland

After four years of decline, overseas shipments of polishes and creams for wooden furniture and floors increased by 164% to X tons in 2022. Over the period under review, exports recorded a noticeable expansion. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wooden furniture treatments exports soared to $X in 2022. Overall, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for wooden furniture treatments exports from Finland, accounting for a 61% share of total exports. Moreover, wooden furniture treatments exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), twofold. Germany (X kg) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +50.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-6.0% per year) and Germany (+195.5% per year).

In value terms, Sweden ($X) emerged as the key foreign market for polishes and creams for wooden furniture and floors exports from Finland, comprising 65% of total exports. The second position in the ranking was held by Estonia ($X), with a 20% share of total exports. It was followed by Russia, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +58.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-3.9% per year) and Russia (+20.3% per year).

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2022, dropping by -5.6% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments export price increased by +105.1% against 2015 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 49% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

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 Russia ($X per ton), while the average price for exports to Estonia ($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 (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Finland

In 2022, wooden furniture treatments imports into Finland reduced sharply to X tons, dropping by -39.3% on the previous year. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2014 when imports increased by 87% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports fell modestly to $X in 2022. In general, imports showed a slight decline. The most prominent rate of growth was recorded in 2014 when imports increased by 34% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Italy (X tons) and Denmark (X tons) were the main suppliers of wooden furniture treatments imports to Finland, together comprising 60% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +64.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments suppliers to Finland were Denmark ($X), the United States ($X) and Germany ($X), together comprising 49% of total imports. France, the Netherlands, Norway, Italy, Sweden, the UK and Belgium lagged somewhat behind, together comprising a further 41%.

Italy, with a CAGR of +35.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, picking up by 57% against the previous year. Overall, the import price showed buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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