Finland: Wrapping Papers Market 2024

Wrapping Papers Market Size in Finland

The Finnish wrapping papers market expanded remarkably to $X in 2021, with an increase of 9.4% against the previous year. In general, consumption, however, continues to indicate a modest expansion. Wrapping papers consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wrapping Papers Production in Finland

In value terms, wrapping papers production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.8% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 43% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Wrapping Papers Exports

Exports from Finland

In 2021, wrapping papers exports from Finland expanded notably to X tons, picking up by 8.3% against 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 25%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, wrapping papers exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and Belgium (X tons) were the main destinations of wrapping papers exports from Finland, with a combined 49% share of total exports. These countries were followed by the UK, Spain, Sweden, Italy, India, Kenya, Turkey, Poland, South Africa and Mexico, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +68.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wrapping papers exported from Finland were Germany ($X), the United States ($X) and Belgium ($X), with a combined 49% share of total exports. These countries were followed by the UK, Spain, Sweden, Italy, Turkey, Kenya, Poland, India, South Africa and Mexico, which together accounted for a further 33%.

In terms of the main countries of destination, Kenya, with a CAGR of +68.5%, 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 wrapping papers export price amounted to $X per ton, growing by 12% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 16%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to India ($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 (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wrapping Papers Imports

Imports into Finland

In 2021, the amount of wrapping paper, packaging paper and paperboard imported into Finland amounted to X tons, with an increase of 12% against the year before. The total import volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, wrapping papers imports soared to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of wrapping papers to Finland, with a 59% share of total imports. Moreover, wrapping papers imports from Sweden exceeded the figures recorded by the second-largest supplier, Austria (X tons), sevenfold. The third position in this ranking was held by the UK (X tons), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+19.0% per year) and the UK (+26.6% per year).

In value terms, Sweden ($X) constituted the largest supplier of wrapping paper, packaging paper and paperboard to Finland, comprising 51% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.9% share of total imports. It was followed by Germany, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+26.6% per year) and Germany (+6.4% per year).

Import Prices by Country

In 2021, the average wrapping papers import price amounted to $X per ton, surging by 13% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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