Finland: Non-Cotton Terry Towelling Market 2025

Non-Cotton Terry Towelling Market Size in Finland

The Finnish non-cotton terry towelling market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed significant growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Non-Cotton Terry Towelling Exports

Exports from Finland

Non-cotton terry towelling exports from Finland skyrocketed to X square meters in 2021, with an increase of 64% compared with the year before. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 576%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, non-cotton terry towelling exports surged to $X in 2021. Over the period under review, exports saw a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 2,565% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X square meters), Canada (X square meters) and Turkey (X square meters) were the main destinations of non-cotton terry towelling exports from Finland, together comprising 59% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +483.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-cotton terry towelling exported from Finland were Sweden ($X), Canada ($X) and Norway ($X), together comprising 54% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +1,251.9%, 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 non-cotton terry towelling export price amounted to $X per square meter, with an increase of 19% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 298% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per square meter), while the average price for exports to Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+141.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cotton Terry Towelling Imports

Imports into Finland

After two years of decline, purchases abroad of terry towelling (excluding of cotton) increased by 41% to X square meters in 2021. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 809%. As a result, imports attained the peak of X square meters. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, non-cotton terry towelling imports soared to $X in 2021. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 1,746%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Turkey (X square meters) constituted the largest supplier of non-cotton terry towelling to Finland, with a 68% share of total imports. Moreover, non-cotton terry towelling imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. The third position in this ranking was held by Germany (X square meters), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+60.1% per year) and Germany (-1.1% per year).

In value terms, Turkey ($X), China ($X) and Germany ($X) were the largest non-cotton terry towelling suppliers to Finland, together accounting for 90% of total imports.

China, with a CAGR of +60.1%, recorded the highest growth rate of 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 non-cotton terry towelling import price amounted to $X per square meter, dropping by -5.7% against the previous year. Overall, the import price, however, recorded a mild increase. The pace of growth appeared the most rapid in 2013 an increase of 255% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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 Sweden ($X per square meter), while the price for Germany ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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