Finland: Seat Market 2025

Seat Market Size in Finland

The Finnish seat market rose remarkably to $X in 2021, growing by 14% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.2% against 2018 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the near future.

Seat Production in Finland

In value terms, seat production shrank slightly to $X in 2021 estimated in export price. Overall, production saw a pronounced descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 17%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Seat Exports

Exports from Finland

Seat exports from Finland expanded remarkably to X tons in 2021, picking up by 13% on the previous year. In general, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 75% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, seat exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X tons), Spain (X tons) and Sweden (X tons) were the main destinations of seat exports from Finland, with a combined 24% share of total exports. These countries were followed by Lithuania, Russia, Latvia, Norway, the Czech Republic, Germany, the Netherlands, Denmark, the UK and the United States, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +55.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Russia ($X) and Estonia ($X) were the largest markets for seat exported from Finland worldwide, with a combined 34% share of total exports. These countries were followed by Norway, Germany, the Netherlands, Spain, Denmark, the United States, Lithuania, the UK, Latvia and the Czech Republic, which together accounted for a further 42%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +26.6%, 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 seat export price stood at $X per ton in 2021, picking up by 17% against the previous year. Over the period under review, the export price, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Latvia ($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 Netherlands (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Seat Imports

Imports into Finland

In 2021, the amount of seats imported into Finland surged to X tons, rising by 25% against 2020. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +101.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 61%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, seat imports soared to $X in 2021. Over the period under review, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 41% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of seat imports to Finland, together comprising 52% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +25.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Poland ($X) appeared to be the largest seat suppliers to Finland, with a combined 57% share of total imports.

Among the main suppliers, Germany, with a CAGR of +28.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average seat import price amounted to $X per ton, reducing by -5.2% against the previous year. Overall, the import price, however, recorded notable growth. The most prominent rate of growth was recorded in 2019 an increase of 55% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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