Finland: Wooden Door Market 2024

Wooden Door Market Size in Finland

The Finnish wooden door market contracted significantly to $X in 2021, with a decrease of -94.4% against the previous year. In general, consumption recorded a dramatic setback. Over the period under review, the market hit record highs at $X in 2020, and then reduced sharply in the following year.

Wooden Door Production in Finland

In value terms, wooden door production shrank significantly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 24% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Wooden Door Exports

Exports from Finland

In 2021, overseas shipments of doors and their frames and thresholds of wood increased by 31% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 38%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, wooden door exports soared to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 32%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X units) was the main destination for wooden door exports from Finland, with a 52% share of total exports. Moreover, wooden door exports to Sweden exceeded the volume sent to the second major destination, Estonia (X units), threefold. The third position in this ranking was held by Norway (X units), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+17.9% per year) and Norway (-8.6% per year).

In value terms, Sweden ($X) remains the key foreign market for doors and their frames and thresholds of wood exports from Finland, comprising 35% of total exports. The second position in the ranking was taken by Estonia ($X), with a 15% share of total exports. It was followed by Norway, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+17.5% per year) and Norway (-9.7% per year).

Export Prices by Country

In 2021, the average wooden door export price amounted to $X per unit, flattening at the previous year. Over the period under review, the export price showed a noticeable setback. The growth pace was the most rapid in 2018 when the average export price increased by 0.9% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the 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 Germany ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Door Imports

Imports into Finland

In 2021, the amount of doors and their frames and thresholds of wood imported into Finland expanded markedly to X units, surging by 7.6% compared with 2020. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.5% against 2012 indices. The pace of growth was the most pronounced in 2015 when imports increased by 33%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, wooden door imports totaled $X in 2021. Overall, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 30%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Estonia (X units) constituted the largest wooden door supplier to Finland, accounting for a 73% share of total imports. Moreover, wooden door imports from Estonia exceeded the figures recorded by the second-largest supplier, Latvia (X units), threefold. The third position in this ranking was held by Poland (X units), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from Estonia totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+24.6% per year) and Poland (+37.1% per year).

In value terms, Estonia ($X) constituted the largest supplier of doors and their frames and thresholds of wood to Finland, comprising 68% of total imports. The second position in the ranking was taken by Latvia ($X), with a 25% share of total imports. It was followed by Poland, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value from Estonia totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+18.1% per year) and Poland (+41.7% per year).

Import Prices by Country

In 2021, the average wooden door import price amounted to $X per unit, picking up by 4.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2017 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Sweden ($X per unit) and Poland ($X per unit), while the price for Estonia ($X per unit) and Latvia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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