Finland: Swivel Seat Market 2024

Swivel Seat Market Size in Finland

In 2022, the Finnish swivel seat market increased by 26% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a noticeable reduction. Swivel seat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Swivel Seat Production in Finland

In value terms, swivel seat production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 15%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Swivel Seat Exports

Exports from Finland

In 2022, the amount of swivel seats with variable height adjustments exported from Finland reduced to X units, with a decrease of -11.5% on 2021 figures. Overall, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2019 with an increase of 80%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, swivel seat exports dropped rapidly to $X in 2022. Over the period under review, exports showed a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), Russia (X units) and Estonia (X units) were the main destinations of swivel seat exports from Finland, together comprising 39% of total exports. Norway, Germany, France, the United States, Switzerland, Lithuania, Denmark, Poland, Kazakhstan and the UK lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +66.7%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for swivel seats with variable height adjustments exports from Finland, comprising 21% of total exports. The second position in the ranking was taken by Denmark ($X), with a 10% share of total exports. It was followed by Norway, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+16.5% per year) and Norway (-1.0% per year).

Export Prices by Country

The average swivel seat export price stood at $X per unit in 2022, waning by -5% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, swivel seat export price increased by +6.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 43%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to the United States ($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 Denmark (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Swivel Seat Imports

Imports into Finland

In 2022, purchases abroad of swivel seats with variable height adjustments decreased by 0% to less than X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports showed a perceptible curtailment. The smallest decline of -1.3% was in 2019. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, swivel seat imports declined to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.3% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 26%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

China (X units), Sweden (X units) and Germany (X units) were the main suppliers of swivel seat imports to Finland, with a combined 73% share of total imports. Poland, Taiwan (Chinese), the Czech Republic, the Netherlands, Denmark, Italy, the UK, Norway and France lagged somewhat behind, together accounting for a further 25%.

From 2017 to 2019, the biggest increases were recorded for Norway (with a CAGR of +170.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest swivel seat suppliers to Finland were China ($X), Sweden ($X) and Germany ($X), with a combined 73% share of total imports. Poland, Taiwan (Chinese), the Czech Republic, the Netherlands, Denmark, Italy, the UK, Norway and France lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, Norway, with a CAGR of +215.9%, recorded the highest rates of growth with regard to 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

The average swivel seat import price stood at $X per unit in 2019, growing by 2.9% against the previous year. Over the period from 2017 to 2019, it increased at an average annual rate of +16.9%. The pace of growth was the most pronounced in 2018 an increase of 33% against the previous year. Over the period under review, average import prices hit record highs in 2019 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2019, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Sweden ($X per unit), while the price for France ($X per unit) and Norway ($X per unit) were amongst the lowest.

From 2017 to 2019, the most notable rate of growth in terms of prices was attained by China (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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