Finland: Safety Razor Blade Market 2024

Safety Razor Blade Market Size in Finland

After two years of decline, the Finnish safety razor blade market increased by 25% to $X in 2021. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Safety Razor Blade Exports

Exports from Finland

After three years of growth, overseas shipments of safety razor blades decreased by -42.3% to X units in 2021. In general, exports, however, posted prominent growth. The growth pace was the most rapid in 2019 with an increase of 591% against the previous year. The exports peaked at X units in 2020, and then declined rapidly in the following year.

In value terms, safety razor blade exports fell to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 1,221% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank in the following year.

Exports by Country

Estonia (X units) was the main destination for safety razor blade exports from Finland, accounting for a 96% share of total exports. It was followed by Russia (X units), with a 3.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Estonia stood at +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+59.5% per year) and Switzerland (-57.2% per year).

In value terms, Estonia ($X) remains the key foreign market for safety razor blades exports from Finland, comprising 97% of total exports. The second position in the ranking was taken by Russia ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Estonia stood at +65.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+36.0% per year) and Switzerland (-49.5% per year).

Export Prices by Country

In 2021, the average safety razor blade export price amounted to $X per unit, picking up by 60% against the previous year. Over the period under review, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2019 an increase of 91%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.

Safety Razor Blade Imports

Imports into Finland

In 2021, overseas purchases of safety razor blades were finally on the rise to reach X units after two years of decline. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 41% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, safety razor blade imports reached $X in 2021. In general, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 +81.0% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 21%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X units), Germany (X units) and the UK (X units) were the main suppliers of safety razor blade imports to Finland, together comprising 78% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +57.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest safety razor blade suppliers to Finland were Germany ($X), Sweden ($X) and the UK ($X), with a combined 75% share of total imports.

The UK, with a CAGR of +54.2%, 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 safety razor blade import price stood at $X per unit in 2021, falling by -16.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 78%. The import price peaked at $X per unit in 2020, and then shrank markedly in the following year.

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 Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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