Footwear with uppers of textile materials market in Finland

Earlier Report Observations

Between 2018 and 2024, the market for footwear with textile uppers in Finland showed considerable volatility. After a contraction to 36.3 million dollars in 2019, market size gradually recovered to 40.3 million dollars by 2021. A sharp surge followed in 2022, with the market reaching a peak of 62.3 million dollars. This expansion reversed in 2023, with the market falling to 47.8 million dollars, and the decline continued into 2024.

The market's decrease to 45.7 million dollars in 2024 was shaped by economic uncertainty in Europe, which pressured consumer demand and created challenges for larger footwear manufacturers. Concurrently, a growing consumer focus on sustainability and ecological choices spurred increased use of recycled textiles and surplus fabrics in production. Smaller manufacturers invested in product development aligned with these trends, but overall market growth slowed, with some companies facing contraction or bankruptcy risks.

Production footwear with textile uppers in Finland

In value, 2017-2020, K $ US

Finland's production of footwear with textile uppers has increased for the second consecutive year. In 2020, output was valued at 28 685 thousand US dollars, marking a modest 8.5% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 10.8%, which translates to an annualized rate of 3.5%. The lowest value was recorded in 2018 at 24 536 thousand US dollars, with the largest decline of 5.2% also occurring that year.

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

In kind, 2017-2020, K 2u

Production of footwear with textile uppers in Finland has risen for the second year in a row. In 2020, Finland produced 618.5 thousand pairs of this footwear, showing a slight 1.0% improvement over 2019. The lowest production level was in 2018 at 527.2 thousand pairs, which saw the largest decline of 13.8%. In contrast, 2019 experienced the largest increase of 16.1%.

Annual dynamics of production in Finland in kind, 2017-2020, K 2u

Exports footwear with textile uppers from Finland

Exports in kind, K 2u

The data shows irregular changes, pointing to a volatile market environment. Exports peaked in 2018 and hit their lowest point in 2019, with a 30-fold difference between these years. In 2020, Finland exported 1 121 thousand pairs of footwear with textile uppers, which represents a dramatic 2,639.0% increase compared to 2019. The minimum export volume was recorded in 2019 at 41 thousand pairs, while the maximum was in 2018 at 1 212 thousand pairs. The largest decline occurred in 2019, dropping by 96.6%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K 2u

From 2017 to 2020, Sweden, Russia, and Estonia were the top contributors to Finland's exports of footwear with textile uppers in volume terms. Sweden accounted for 39.1% of exports, Russia for 26.3%, and Estonia for 8.1%. Together, these three countries made up 73.5% 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, K $ US

After two years of growth, Finland's exports of footwear with textile uppers declined in 2020. Exports amounted to 56 260 thousand US dollars, reflecting a 10.3% decrease compared to 2019. Over the 2017–2020 period, exports increased by 11.2%, averaging an annualized growth rate of 3.6%. The highest export value was recorded in 2019 at 62 704 thousand US dollars, with the largest increase of 14.5% occurring in 2018.

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

From 2017 to 2020, Sweden, Russia, and Norway consistently led Finland's export structure in value terms. Sweden contributed 51.3% of exports, Russia 16.1%, and Norway 11.9%. Combined, these three countries accounted for 79.3% 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 footwear with textile uppers to Finland

Imports in kind, K 2u

Market behavior during these years was characterized by volatility. Import volumes reached their highest point in 2017 and their lowest in 2019, with a 44-fold difference between these extremes. In 2020, Finland imported approximately 4 896 thousand pairs of footwear with textile uppers, representing a sharp 3,424.7% increase compared to the previous year. The minimum import volume was in 2019 at 139 thousand pairs, which also saw the largest decline of 97.7%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K 2u

Between 2017 and 2020, China dominated Finland's imports of footwear with textile uppers in volume terms, accounting for 70.6% of total flows. The remaining imports were spread across a fragmented group of other markets.

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, K $ US

Finland's imports of footwear with textile uppers have declined for the second consecutive year. In 2020, import volume stood at 67 469 thousand US dollars, corresponding to a modest 7.0% year-over-year decrease. Over the 2017–2020 period, imports increased by 6%, equating to an annualized rate of 2.0%. The highest import value was recorded in 2018 at 80 839 thousand US dollars, which also saw the largest increase of 27.0%. The largest decline occurred in 2019, dropping by 10.2%.

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

From 2017 to 2020, China, Vietnam, and Sweden were the biggest contributors to Finland's imports of footwear with textile uppers in value terms. China accounted for 46.2% of imports, Vietnam for 24.1%, and Sweden for 6.5%. Together, these three countries made up 76.9% of total import flows.

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

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