Finland: Market for Tableware And Kitchenware Of Wood 2024

Market Size for Tableware And Kitchenware Of Wood in Finland

The Finnish wood kitchenware and tableware market soared to $X in 2021, growing by 168% against the previous year. In general, consumption showed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Tableware And Kitchenware Of Wood in Finland

In value terms, wood kitchenware and tableware production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 342% against the previous year. Over the period under review, production attained the maximum level in 2021 and is likely to see steady growth in years to come.

Exports of Tableware And Kitchenware Of Wood

Exports from Finland

In 2021, wood kitchenware and tableware exports from Finland skyrocketed to X tons, with an increase of 58% on the previous year. In general, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +10.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood kitchenware and tableware exports surged to $X in 2021. Overall, exports enjoyed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X tons), Sweden (X tons) and Japan (X tons) were the main destinations of wood kitchenware and tableware exports from Finland, together comprising 49% of total exports. Latvia, the United States, Norway, the Netherlands, Iceland, Denmark, Germany, Lithuania and Russia lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +34.2%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Sweden ($X) and the United States ($X) appeared to be the largest markets for wood kitchenware and tableware exported from Finland worldwide, together accounting for 54% of total exports. Estonia, Norway, Germany, Iceland, the Netherlands, Latvia, Lithuania, Denmark and Russia lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Lithuania, with a CAGR of +38.4%, 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

In 2021, the average wood kitchenware and tableware export price amounted to $X per ton, increasing by 11% against the previous year. In general, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Latvia ($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 Lithuania (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tableware And Kitchenware Of Wood

Imports into Finland

Wood kitchenware and tableware imports into Finland surged to X tons in 2021, growing by 35% against 2020. In general, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% 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 +77.6% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood kitchenware and tableware imports soared to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +105.6% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of wood kitchenware and tableware imports to Finland, together comprising 59% of total imports. These countries were followed by Poland, the Netherlands, Estonia, Denmark, Thailand, India and Romania, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +50.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood kitchenware and tableware suppliers to Finland were China ($X), Sweden ($X) and Germany ($X), with a combined 64% share of total imports. Poland, the Netherlands, Denmark, Estonia, Thailand, India and Romania lagged somewhat behind, together comprising a further 26%.

Denmark, with a CAGR of +52.7%, 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

In 2021, the average wood kitchenware and tableware import price amounted to $X per ton, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Denmark ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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