Finland: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Finland

The Finnish plastic ornamental articles market skyrocketed to $X in 2022, jumping by 37% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Ornamental Articles Exports

Exports from Finland

In 2022, the amount of statuettes and other ornamental articles of plastic exported from Finland shrank markedly to X tons, waning by -38% against the year before. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 79%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic ornamental articles exports shrank dramatically to $X in 2022. Overall, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2013 with an increase of 104%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Estonia (X tons), Latvia (X tons) and Lithuania (X tons) were the main destinations of plastic ornamental articles exports from Finland, together comprising 71% of total exports. Sweden, the United States and Russia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +66.3%), while shipments for the other leaders experienced a decline.

In value terms, Estonia ($X), Sweden ($X) and the United States ($X) appeared to be the largest markets for plastic ornamental articles exported from Finland worldwide, with a combined 59% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +71.1%, recorded the highest rates of growth with regard to 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 plastic ornamental articles export price stood at $X per ton in 2022, falling by -1.9% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 42% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($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 Sweden (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Finland

In 2022, the amount of statuettes and other ornamental articles of plastic imported into Finland skyrocketed to X tons, with an increase of 27% on 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic ornamental articles imports soared to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Finland, with a 82% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-11.3% per year) and Germany (+2.4% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Finland, comprising 74% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 5.9% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+23.1% per year) and Germany (+1.8% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, with an increase of 6.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 45%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+16.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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