Finland: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Finland

The Finnish tanned or dressed furskins market contracted significantly to $X in 2022, declining by -34.1% against the previous year. Overall, consumption faced a deep downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Tanned or Dressed Furskins in Finland

In value terms, tanned or dressed furskins production soared to $X in 2022 estimated in export price. In general, production recorded a deep reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 118% against the previous year. Tanned or dressed furskins production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Tanned or Dressed Furskins

Exports from Finland

In 2022, shipments abroad of tanned or dressed furskins increased by 64% to X units, rising for the second year in a row after three years of decline. In general, exports, however, faced a abrupt downturn. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tanned or dressed furskins exports soared to $X in 2022. Over the period under review, exports, however, saw a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units), Turkey (X units) and Switzerland (X units) were the main destinations of tanned or dressed furskins exports from Finland, together accounting for 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +80.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X) remains the key foreign market for tanned or dressed furskins exports from Finland, comprising 67% of total exports. The second position in the ranking was held by the UK ($X), with a 15% share of total exports. It was followed by Switzerland, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+70.5% per year) and Switzerland (+10.3% per year).

Export Prices by Country

In 2022, the average tanned or dressed furskins export price amounted to $X per unit, jumping by 20% against the previous year. Over the period under review, export price indicated a measured increase 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, tanned or dressed furskins export price increased by +71.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 an increase of 29% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the UK ($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 Ukraine (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tanned or Dressed Furskins

Imports into Finland

In 2022, tanned or dressed furskins imports into Finland contracted to X units, dropping by -11.6% against the previous year's figure. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 228% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, tanned or dressed furskins imports shrank remarkably to $X in 2022. Overall, imports faced a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 263% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tanned or dressed furskins to Finland, accounting for a 85% share of total imports. Moreover, tanned or dressed furskins imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X units), more than tenfold. Sweden (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-17.5% per year) and Sweden (-11.5% per year).

In value terms, China ($X) constituted the largest supplier of tanned or dressed furskins to Finland, comprising 74% of total imports. The second position in the ranking was held by Argentina ($X), with a 6% share of total imports. It was followed by Sweden, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-19.1% per year) and Sweden (-10.4% per year).

Import Prices by Country

In 2022, the average tanned or dressed furskins import price amounted to $X per unit, with a decrease of -9.8% against the previous year. Over the period under review, the import price saw a deep contraction. The growth pace was the most rapid in 2019 when the average import price increased by 11%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :