Finland: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Finland

In 2021, the Finnish man-made filament fabric market increased by 80% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a remarkable increase. Man-made filament fabric consumption peaked in 2021 and is expected to retain growth in the near future.

Man-Made Filament Fabric Production in Finland

In value terms, man-made filament fabric production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 178% 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.

Man-Made Filament Fabric Exports

Exports from Finland

In 2021, exports of woven fabrics of man-made filaments and staple fibers from Finland soared to X tons, with an increase of 33% compared with the previous year. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 256% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, man-made filament fabric exports soared to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 43% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Estonia (X tons) and Russia (X tons) were the main destinations of man-made filament fabric exports from Finland, with a combined 24% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +237.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Finland, comprising 38% of total exports. The second position in the ranking was taken by Russia ($X), with a 17% share of total exports. It was followed by Vietnam, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-4.9% per year) and Vietnam (+222.5% per year).

Export Prices by Country

The average man-made filament fabric export price stood at $X per ton in 2021, waning by -5.7% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average 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 Russia ($X per ton), while the average price for exports to Vietnam ($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 Poland (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into Finland

In 2021, purchases abroad of woven fabrics of man-made filaments and staple fibers increased by 75% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 390% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, man-made filament fabric imports amounted to $X in 2021. In general, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 10%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Canada (X tons) and the Netherlands (X tons) were the main suppliers of man-made filament fabric imports to Finland, with a combined 8.8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +10.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) were the largest man-made filament fabric suppliers to Finland, together comprising 36% of total imports. These countries were followed by China, Canada, the Netherlands, South Korea, Turkey, Spain, Sweden, the UK, Pakistan and the Czech Republic, which together accounted for a further 46%.

In terms of the main suppliers, Canada, with a CAGR of +7.8%, recorded the highest growth rate of 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 2021, the average man-made filament fabric import price amounted to $X per ton, reducing by -37.5% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 90%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a 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 ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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