Coated abrasives on textile, paper or other base market in Finland

Earlier Report Observations

The market for coated abrasives on textile, paper or other base in Finland experienced substantial growth in value between 2018 and 2024, with the market size more than doubling from 25.3 million US dollars to 52.4 million US dollars. This expansion was not linear, characterized by a period of moderate growth until 2020 followed by a sharp acceleration. The most significant jumps occurred in 2021 and 2022, when the market value increased by over 7 million US dollars and 15 million US dollars, respectively, driving the total to a peak of 53.6 million US dollars in 2023.

Underlying this market growth were notable shifts in production and trade. Domestic production, after declining from 174.3 million US dollars in 2018 to a low of 158.5 million US dollars in 2020, recovered strongly to 196.7 million US dollars in 2021. Exports, which constitute the bulk of production, mirrored this volatility. A pronounced drop in export value in 2022, falling to 154.1 million US dollars from 178.5 million US dollars the prior year, coincided with the largest annual increase in domestic market size, indicating greater product retention for local consumption.

The market's expansion was further supported by a rising import value, which grew from 12.7 million US dollars in 2018 to 18.0 million US dollars in 2022 before moderating. After reaching its highest point in 2023, the market size saw a slight correction in 2024 to 52.4 million US dollars, alongside continued growth in production and exports, suggesting a rebalancing of supply toward international markets.

Production coated abrasives on textile, paper or other base in Finland

In value, 2017-2020, M $ US

Finland's production of coated abrasives on textile, paper, or other bases declined for the second year in a row. In 2020, output was valued at 158.5 million US dollars, marking a moderate decrease of 5.7% compared to the previous year. Over the 2017-2020 period, production fell by 4%, with an average annual decline of 1.4%. The highest production value was recorded in 2018 at 174.3 million US dollars, which also saw the largest increase of 5.6%.

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

Exports coated abrasives on textile, paper or other base from Finland

Exports in kind, t

The market exhibited volatility during the observed period. Export volumes reached their lowest point in 2019 and peaked in 2017, with a two-fold difference between these years. In 2020, Finland's exports of coated abrasives on textile, paper, or other bases totaled 9,060 tonnes, showing a dramatic increase of 85.5% from the previous year. The minimum volume was recorded in 2019 at 4,884 tonnes, which also experienced the largest decline of 50.2%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

From 2017 to 2020, Belgium, the United States, and Russia were the main destinations for Finland's exports of coated abrasives on textile, paper, or other bases in volume terms. Belgium accounted for 39.7% of exports, the United States for 17.6%, and Russia for 6.2%, together absorbing 63.4% of total export volumes.

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 exports of coated abrasives on textile, paper, or other bases in value terms declined for the second consecutive year. In 2020, exports amounted to 144.9 million US dollars, representing a decrease of 6.9% from the prior year. Over the 2017-2020 period, exports fell by 4.8%, with an average annual decline of 1.6%. The highest export value was recorded in 2018 at 161.7 million US dollars, which also saw the largest increase of 6.3%.

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

Between 2017 and 2020, Belgium, the United States, and Russia formed the primary group of destinations for Finland's exports of coated abrasives on textile, paper, or other bases in value terms. Belgium accounted for 47.6% of exports, the United States for 15.5%, and Russia for 5.2%, together representing 68.3% of total export flows.

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

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

Imports coated abrasives on textile, paper or other base to Finland

Imports in kind, t

The data shows irregular changes, indicating a volatile market environment. Import volumes varied significantly, with the lowest point in 2019 and the highest in 2017, showing an 11.2-fold difference between these years. In 2020, Finland's imports of coated abrasives on textile, paper, or other bases totaled 605 tonnes, up by 904.8% year-on-year. The minimum volume was recorded in 2019 at 60 tonnes, which also saw the largest decline of 90.8%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

The partner structure for imports in volume terms from 2017 to 2020 was fragmented. Germany accounted for 28.2% of imports, the United States for 10.2%, and the Netherlands for 8.7%, together making up only 47.2% of total flows, with no single country holding a dominant share.

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

After two years of growth, Finland's imports of coated abrasives on textile, paper, or other bases in value terms declined. In 2020, imports were approximately 12.6 million US dollars, marking a moderate decrease of 5.4% from the previous year. Between 2017 and 2020, imports increased by 3.9%, equating to an average annual growth rate of 1.3%. The highest import value was recorded in 2019 at 13.3 million US dollars, while the largest increase occurred in 2018 at 5.2%.

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

From 2017 to 2020, imports in value terms were distributed across a wide range of partner countries. Germany accounted for 20.8% of imports, the United States for 18.5%, and the United Kingdom for 9.5%, together representing just 48.8% of total flows.

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

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