Finland: Wooden Window Market 2022

Wooden Window Market Size in Finland

The Finnish wooden window market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a deep reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Wooden Window Production in Finland

In value terms, wooden window production fell to $X in 2021 estimated in export price. In general, production, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Wooden Window Exports

Exports from Finland

In 2021, overseas shipments of windows, french windows and their frames of wood increased by 69% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, showed a perceptible setback. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden window exports surged to $X in 2021. Overall, exports, however, showed a deep setback. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for wooden window exports from Finland, accounting for a 69% share of total exports. Moreover, wooden window exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), sixfold. The third position in this ranking was taken by Estonia (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.0% per year) and Estonia (+19.2% per year).

In value terms, Sweden ($X) remains the key foreign market for wooden window exports from Finland, comprising 74% of total exports. The second position in the ranking was taken by Russia ($X), with a 4.8% share of total exports. It was followed by Latvia, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-19.6% per year) and Latvia (+169.6% per year).

Export Prices by Country

In 2021, the average wooden window export price amounted to $X per ton, reducing by -18% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 25%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Germany ($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 the UK (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Window Imports

Imports into Finland

In 2021, imports of windows, french windows and their frames of wood into Finland skyrocketed to X tons, rising by 23% against 2020 figures. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 74%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, wooden window imports soared to $X in 2021. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 80% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Estonia (X tons) constituted the largest wooden window supplier to Finland, with a 80% share of total imports. Moreover, wooden window imports from Estonia exceeded the figures recorded by the second-largest supplier, Russia (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Estonia stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+137.3% per year) and Sweden (-7.9% per year).

In value terms, Estonia ($X) constituted the largest supplier of wooden window to Finland, comprising 79% of total imports. The second position in the ranking was taken by Russia ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Estonia stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+146.6% per year) and Sweden (-11.8% per year).

Import Prices by Country

In 2021, the average wooden window import price amounted to $X per ton, reducing by -4.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 19%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :