Knitted or crocheted fabrics market in Finland

Earlier Report Observations

The market for knitted or crocheted fabrics in Finland showed significant expansion from 2018 to 2021, with its total value rising from 18 263 thousand US dollars to 26 518 thousand US dollars. This growth phase was followed by a contraction in 2022 and 2023, bringing the market size down to 17 421 thousand dollars.

A recovery to 18 695 thousand dollars occurred in 2024. This upturn coincided with strong fashion trends in Finland that increased demand for specific knitted fabrics, such as transparent and heavily patterned materials used in voluminous garments. Furthermore, technological innovations in the textile sector, like the development of fabrics capable of collecting solar energy, stimulated fresh interest in advanced knitted materials.

Production knitted or crocheted fabrics in Finland

In value, 2017-2020, K $ US

Finland's production of knitted or crocheted fabrics in monetary terms grew for the second year in a row. In 2020, output reached 15 905 thousand US dollars, marking a 1.5% increase from the previous year. Over the period from 2017 to 2020, production rose by 12.5%, which translates to an average annual growth rate of 4.0%. The lowest value was recorded in 2018 at 11 821 thousand US dollars, when production saw its largest decline of 16.4%. In contrast, the largest increase occurred in 2019, with a jump of 32.5%.

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

In kind, 2017-2020, t

Following two years of growth, Finland's production of knitted or crocheted fabrics in physical terms declined. In 2020, output totaled 3 467 tonnes, down 3.4% from 2019. From 2017 to 2020, overall production increased by 52.4%, with a compound annual growth rate of 15.1%. The peak was reached in 2019 at 3 591 tonnes, which also saw the largest increase of 56.8%.

Annual dynamics of production in Finland in kind, 2017-2020, t

Exports knitted or crocheted fabrics from Finland

Exports in kind, t

Export volumes of knitted or crocheted fabrics from Finland showed significant fluctuations during this period. The lowest point was in 2019 at 34 tonnes, with a sharp decline of 98.5%. Volumes then surged to a high of 2 526 tonnes in 2020, representing a dramatic increase of 7,305.9% from the previous year. Overall, exports varied by a factor of 74 between the minimum in 2019 and the maximum in 2020.

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

From 2017 to 2020, the United States, Russia, and Germany were notable but not dominant buyers of knitted or crocheted fabrics from Finland in physical terms. The United States accounted for 28.5% of exports, Russia for 8.6%, and Germany for 7.5%. Together, these three countries represented 44.6% 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, K $ US

Finland's exports of knitted or crocheted fabrics in monetary terms declined for the second consecutive year. In 2020, exports amounted to 12 710 thousand US dollars, a gradual decrease of 6.1% from 2019. Over the 2017-2020 period, exports increased by 2.4%, with an average annual growth rate of 0.8%. The highest value was recorded in 2018 at 14 035 thousand US dollars, which also saw the largest increase of 13.1%.

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

Between 2017 and 2020, Finland's exports of knitted or crocheted fabrics in value terms were widely distributed across partner countries. The United States held a 24.3% share, Estonia 11.6%, and Russia 8.9%. Combined, these three countries accounted for 44.8% 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 knitted or crocheted fabrics to Finland

Imports in kind, t

Import volumes of knitted or crocheted fabrics into Finland displayed an unstable trend. The lowest point was in 2019 at 369 tonnes, with a substantial decline of 81.6%. Volumes peaked in 2018 at 1 998 tonnes, which saw the largest increase of 19.7%. In 2020, imports rose sharply to 1 805 tonnes, a significant increase of 389.7% from 2019. Overall, imports varied by a factor of 5.4 between the low in 2019 and the high in 2018.

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

From 2017 to 2020, Finland's imports of knitted or crocheted fabrics in physical terms came from a broad range of partners. Portugal was the largest source with 21.5% of imports, followed by Germany at 17.6%, and Belgium at 8.9%. Together, these three countries represented 48.0% of total import volumes.

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 knitted or crocheted fabrics in monetary terms fell for the second year in a row. In 2020, imports totaled 17 252 thousand US dollars, a slight decrease of 1.0% from 2019. The highest value was recorded in 2018 at 20 477 thousand US dollars, which also saw the largest increase of 19.7%. The largest decline occurred in 2019, with a drop of 14.9%.

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

Between 2017 and 2020, Finland's imports of knitted or crocheted fabrics in value terms were spread across numerous countries. Portugal accounted for 21.6% of imports, Germany for 14.7%, and Italy for 9.8%. Collectively, these three partners represented 46.1% of total import value.

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

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