Finland: Veneer Sheet Market 2025

Veneer Sheet Market Size in Finland

The Finnish veneer sheet market was finally on the rise to reach $X in 2022, after five years of decline. Overall, consumption, however, showed a noticeable downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Veneer Sheet Production in Finland

In value terms, veneer sheet production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2013 with an increase of 13%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Veneer Sheet Exports

Exports from Finland

For the third year in a row, Finland recorded growth in overseas shipments of veneer sheets and sheets for plywood and other wood sawn lengthwise, which increased by 4% to X square meters in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 420% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, veneer sheet exports rose to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 30%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Latvia (X square meters) was the main destination for veneer sheet exports from Finland, accounting for a 60% share of total exports. Moreover, veneer sheet exports to Latvia exceeded the volume sent to the second major destination, Estonia (X square meters), fivefold. The third position in this ranking was held by Sweden (X square meters), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia totaled +153.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+72.9% per year) and Sweden (-2.0% per year).

In value terms, the largest markets for veneer sheet exported from Finland were Estonia ($X), Latvia ($X) and Sweden ($X), together comprising 55% of total exports. These countries were followed by Poland, Malaysia, Lithuania, Austria, France, Turkey, Romania, Canada and Russia, which together accounted for a further 38%.

Canada, with a CAGR of +268.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2022, remaining stable against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 217%. As a result, the export price attained the peak level of $X per square meter. From 2020 to 2022, the average export prices remained at a somewhat 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 Estonia ($X per square meter), while the average price for exports to Latvia (less than $X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.2%), while the prices for the other major destinations experienced a decline.

Veneer Sheet Imports

Imports into Finland

In 2022, supplies from abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 29% to X square meters, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 72%. Over the period under review, imports reached the peak figure at X square meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, veneer sheet imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X square meters) constituted the largest veneer sheet supplier to Finland, accounting for a 44% share of total imports. Moreover, veneer sheet imports from France exceeded the figures recorded by the second-largest supplier, Estonia (X square meters), threefold. Italy (X square meters) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +84.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+8.5% per year) and Italy (+42.7% per year).

In value terms, the largest veneer sheet suppliers to Finland were Estonia ($X), Italy ($X) and Germany ($X), with a combined 62% share of total imports. These countries were followed by Austria, France, Latvia and Russia, which together accounted for a further 22%.

In terms of the main suppliers, France, with a CAGR of +30.3%, 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

In 2022, the average veneer sheet import price amounted to $X per square meter, picking up by 43% against the previous year. Overall, the import price, however, saw a noticeable decline. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for France ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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