Finland: Paper Bag Market 2024

Paper Bag Market Size in Finland

The Finnish paper bag market skyrocketed to $X in 2021, growing by 60% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.6% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Paper Bag Production in Finland

In value terms, paper bag production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight decrease. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Paper Bag Exports

Exports from Finland

In 2021, approx. X tons of sacks and bags of paper were exported from Finland; growing by 36% on the year before. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 49%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, paper bag exports skyrocketed to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), China (X tons) and Germany (X tons) were the main destinations of paper bag exports from Finland, together comprising 58% of total exports. Estonia, the United Arab Emirates, Latvia, Russia, Lithuania, Norway, Poland, the Netherlands and the UK lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +64.5%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Estonia ($X) appeared to be the largest markets for paper bag exported from Finland worldwide, with a combined 64% share of total exports. China, Russia, Latvia, the United Arab Emirates, Norway, Lithuania, Poland, the UK and the Netherlands lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +66.4%, 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 paper bag export price stood at $X per ton in 2021, surging by 2.1% against the previous year. In general, the export price, however, showed a slight curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to China ($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 the UK (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Bag Imports

Imports into Finland

Paper bag imports into Finland fell modestly to X tons in 2021, flattening at 2020 figures. Overall, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, paper bag imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 15%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

Russia (X tons), Estonia (X tons) and Denmark (X tons) were the main suppliers of paper bag imports to Finland, with a combined 45% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +28.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper bag suppliers to Finland were Russia ($X), Sweden ($X) and Denmark ($X), with a combined 41% share of total imports.

Russia, with a CAGR of +30.8%, 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

The average paper bag import price stood at $X per ton in 2021, rising by 11% against the previous year. Overall, the import price, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2019 an increase of 27%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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