Carpets and rugs market in Finland

Earlier Report Observations

The Finnish carpets and rugs market, in value terms, fluctuated between 2018 and 2024, peaking at $104.0 million in 2021 before declining to $69.4 million by 2024. In physical volume, the market remained in the range of 9 million to 9.7 million m², with a gradual contraction after 2022.

Consumer preferences evolved throughout the period. Initially, price consciousness and affordability were key factors guiding purchases. By 2021, growing interest in Scandinavian design and sustainability supported demand, coinciding with the market's value high. Toward 2024, interior trends emphasizing elegance, romance, and 1990s nostalgia influenced product choices in colors, shapes, and materials, while online sales gained significance in retail distribution.

These shifts in consumer taste and the rise of e-commerce contributed to a market environment where value declined despite relatively stable physical consumption volumes over the full period.

Production carpets and rugs in Finland

In value, 2017-2020, K $ US

In 2020, Finland's carpet and rug production was valued at 15 351 thousand US dollars, marking a moderate decline of 9.1% compared to the previous year. Looking at the period from 2017 to 2020, production decreased by 6.2%, which translates to an average annual decline of 2.1%. The lowest value was recorded in 2018 at 14 861 thousand US dollars, while the highest was in 2019 at 16 895 thousand US dollars. The largest decline occurred in 2018 with a drop of 9.2%, and the largest increase was in 2019 with a rise of 13.7%.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

In kind, 2017-2020, K m²

In 2020, Finland produced 1 111 thousand square meters of carpets and rugs, showing a sharp decline of 35.7% from the previous year.

Annual dynamics of production in Finland in kind, 2017-2020, K m²

Exports carpets and rugs from Finland

Exports in kind, K m²

In 2020, Finland's carpet and rug exports totaled 870 thousand square meters, indicating a reduction of 27.2% compared to the previous year. Over the period from 2017 to 2020, exports decreased by 28.2%, with a compound annual growth rate of -10.5%. The largest increase was recorded in 2019 at 10.8%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K m²

From 2017 to 2020, Sweden, Belgium, and Estonia were the leading destinations for Finland's carpet and rug exports in volume terms. Sweden accounted for 40.9% of exports, Belgium for 10.8%, and Estonia for 8.5%, collectively representing 60.3% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, M $ US

Finland's carpet and rug exports declined for the third consecutive year. In 2020, exports amounted to 11.9 million US dollars, marking a significant fall of 10.8% compared to 2019. Between 2017 and 2020, exports decreased by 24.5%, equating to an average annual decline of 9.0%.

Annual dynamics of product's exports from Finland in value, 2017-2020, M $ US

From 2017 to 2020, Sweden, Belgium, and Denmark remained the main buyers of Finnish carpets and rugs in value terms. Sweden accounted for 32.4% of exports, Belgium for 12.3%, and Denmark for 8.1%, jointly forming 52.8% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports carpets and rugs to Finland

Imports in kind, K m²

In 2020, Finland's carpet and rug imports reached 8 865 thousand square meters, indicating a modest rise of 6.2% versus the previous year. Over the period from 2017 to 2020, imports increased by 13.1%, with a compound annual growth rate of 4.2%. The highest volume was recorded in 2018 at 9 396 thousand square meters. The largest decline occurred in 2019 with a drop of 11.2%, while the largest increase was in 2018 with a rise of 19.8%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K m²

From 2017 to 2020, the Netherlands, Belgium, and India were the primary suppliers of carpets and rugs to Finland in volume terms. The Netherlands accounted for 18.4% of imports, Belgium for 17.4%, and India for 15.5%, collectively accounting for 51.3% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, M $ US

Finland's carpet and rug imports declined for the second consecutive year. In 2020, import volume amounted to 89.7 million US dollars, representing a robust decline of 10.9% compared to the previous year. Between 2017 and 2020, imports increased by 6.4%, equating to an average annual growth rate of 2.1%. The highest value was recorded in 2018 at 100.9 million US dollars, with the largest increase also occurring in 2018 at 19.6%.

Annual dynamics of product's imports to Finland in value, 2017-2020, M $ US

From 2017 to 2020, Finland's carpet and rug imports came from a broad set of markets. The Netherlands accounted for 14.6% of imports in value terms, India for 14.3%, and Belgium for 14.0%, together representing only 42.9% of total import value. Many smaller destinations made up the remaining 57.1%.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020