Finland: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in Finland

After two years of decline, the Finnish pile and chenille fabric market increased by 20% to $X in 2021. Over the period under review, consumption, however, showed a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Woven Pile Fabrics And Chenille Fabrics in Finland

In value terms, pile and chenille fabric production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2018 with an increase of 78%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Finland

In 2021, approx. X tons of woven pile fabrics and chenille fabrics were exported from Finland; growing by 6.5% on 2020 figures. Over the period under review, exports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2019 with an increase of 9.6%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pile and chenille fabric exports totaled $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for pile and chenille fabric exports from Finland, with a 92% share of total exports. Moreover, pile and chenille fabric exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Estonia stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+63.7% per year) and Russia (-23.2% per year).

In value terms, Estonia ($X) remains the key foreign market for woven pile fabrics and chenille fabrics exports from Finland, comprising 88% of total exports. The second position in the ranking was held by Lithuania ($X), with a 5.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+52.5% per year) and Russia (-23.7% per year).

Export Prices by Country

The average pile and chenille fabric export price stood at $X per ton in 2021, leveling off at the previous year. Over the period under review, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 12% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($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 Russia (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Finland

In 2021, after two years of decline, there was significant growth in purchases abroad of woven pile fabrics and chenille fabrics, when their volume increased by 12% to X tons. In general, imports, however, faced a abrupt decline. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pile and chenille fabric imports soared to $X in 2021. Overall, imports, however, faced a abrupt contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), Belgium (X tons) and Turkey (X tons) were the main suppliers of pile and chenille fabric imports to Finland, together comprising 75% of total imports. These countries were followed by the Netherlands, Poland, Germany, Italy, Austria and China, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +98.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and Germany ($X) constituted the largest pile and chenille fabric suppliers to Finland, together accounting for 70% of total imports. These countries were followed by the Netherlands, Poland, Turkey, Italy, Austria and China, which together accounted for a further 23%.

Poland, with a CAGR of +71.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average pile and chenille fabric import price stood at $X per ton in 2021, growing by 7.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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