Finland: Knitted Ski-Suit Market 2024

Knitted Ski-Suit Exports

Exports from Finland

In 2022, exports of ski-suits of knitted or crocheted textiles from Finland plummeted to X units, falling by -66% compared with 2021. Overall, exports showed a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 161%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, knitted ski-suit exports reduced rapidly to $X in 2022. Over the period under review, exports saw a precipitous descent. The pace of growth appeared the most rapid in 2021 when exports increased by 106%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for knitted ski-suit exports from Finland, accounting for a 75% share of total exports. Moreover, knitted ski-suit exports to New Zealand exceeded the volume sent to the second major destination, Russia (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-28.0% per year) and Germany (-36.3% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for ski-suits of knitted or crocheted textiles exports from Finland, comprising 80% of total exports. The second position in the ranking was taken by Russia ($X), with a 19% share of total exports. It was followed by Germany, with a 1% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-30.4% per year) and Germany (-40.8% per year).

Export Prices by Country

The average knitted ski-suit export price stood at $X per unit in 2022, growing by 4.7% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knitted ski-suit export price decreased by -17.4% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 51%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

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 New Zealand ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Ski-Suit Imports

Imports into Finland

In 2022, knitted ski-suit imports into Finland shrank sharply to X units, with a decrease of -17.8% compared with the year before. Over the period under review, imports saw a significant decline. The most prominent rate of growth was recorded in 2019 with an increase of 174% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, knitted ski-suit imports amounted to $X in 2022. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 136% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of knitted ski-suit to Finland, accounting for a 53% share of total imports. Moreover, knitted ski-suit imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. The third position in this ranking was held by Lithuania (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+10.0% per year) and Lithuania (+3.2% per year).

In value terms, China ($X), Lithuania ($X) and Austria ($X) were the largest knitted ski-suit suppliers to Finland, together accounting for 89% of total imports. Portugal and Germany lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Portugal, with a CAGR of +18.9%, recorded 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 2022, the average knitted ski-suit import price amounted to $X per unit, growing by 23% against the previous year. Over the period under review, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 110%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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