Tarpaulins, awnings and sunblinds market in Finland

Earlier Report Observations

The market for tarpaulins, awnings and sunblinds in Finland experienced strong growth from 2018 to 2021, with its value rising from 12,4 млн долл. США to 31,4 млн долл. США. This expansion was primarily driven by increasing consumer demand for energy-efficient solutions to adapt to climate change, alongside a shift in preferences toward technologically advanced products such as automatic and sensor-controlled awnings. The COVID-19 pandemic in 2020 further boosted interest in enhancing outdoor living spaces, which elevated demand for retractable awnings.

After peaking in 2021, the market value entered a period of contraction, declining to 24,6 млн долл. США in 2022 and further to 16,8 млн долл. США by 2024. Correspondingly, domestic production fell from 26,8 млн долл. США in 2021 to 12,3 млн долл. США in 2024, marking a significant correction following the earlier rapid growth.

Production tarpaulins, awnings and sunblinds in Finland

In value, 2017-2020, K $ US

Finland's production of tarpaulins, awnings, and sunblinds has increased for the second consecutive year. In 2020, the output was valued at 20 258 thousand US dollars, marking a significant rise of 51.3% compared to 2019. Over the period from 2017 to 2020, production grew by 61.9%, with an average annual growth rate of 17.4%. The lowest value was recorded in 2018 at 9 979 thousand US dollars, which also saw the largest decline of 20.2%.

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

In kind, 2017-2020, t

Finland's production of tarpaulins, awnings, and sunblinds in physical terms has risen for the second year in a row. In 2020, the country produced 694.8 tonnes, representing a sharp increase of 51.6% from 2019. Between 2017 and 2020, production expanded by 76.6%, translating to an annualized growth rate of 20.9%. The minimum output was in 2018 at 391.1 tonnes, with the largest drop of 0.6% occurring that same year.

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

Exports tarpaulins, awnings and sunblinds from Finland

Exports in kind, t

The market showed an unstable trend over the period. Exports reached their lowest point in 2019 at 7.0 tonnes, with the largest decline of 91.6% recorded that year. In contrast, 2020 saw a peak of 93.1 tonnes, a dramatic increase of 1,223.8% compared to 2019, resulting in a 13.2-fold variation between these two years.

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

From 2017 to 2020, Estonia, Sweden, and Lithuania were the leading destinations for Finland's exports of tarpaulins, awnings, and sunblinds in physical terms. Estonia accounted for 32.7% of exports, Sweden for 24.7%, and Lithuania for 13.7%, together making up 71.1% of total 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 a two-year decline, Finland's exports of tarpaulins, awnings, and sunblinds in value terms rebounded. In 2020, exports amounted to 1 417 thousand US dollars, a substantial increase of 26.0% from the previous year. Over the 2017-2020 period, exports grew by 6.8%, with an annualized rate of 2.2%. The lowest value was in 2019 at 1 125 thousand US dollars, while the largest drop of 8.1% occurred in 2018.

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

Between 2017 and 2020, Sweden, Norway, and Estonia consistently served as the main destinations for Finland's exports in value terms. Sweden led with 42.6% of exports, followed by Norway at 18.0%, and Estonia at 9.6%, collectively accounting for 70.2% of total 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 tarpaulins, awnings and sunblinds to Finland

Imports in kind, t

Market performance exhibited noticeable fluctuations during this timeframe. Imports hit their lowest in 2019 at 12.3 tonnes, with the largest decline of 98.0% that year. By 2020, imports surged to 647.9 tonnes, a sharp rise of 5,172.7% from 2019, creating a 53-fold difference between these years.

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

From 2017 to 2020, China dominated Finland's imports of tarpaulins, awnings, and sunblinds in physical terms, holding a 78.8% share of total flows, while other partners accounted for the remainder.

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 tarpaulins, awnings, and sunblinds in value terms have increased for the third consecutive year. In 2020, imports reached 4 159 thousand US dollars, up by 11.9% from the previous year. Between 2017 and 2020, imports grew by 41%, with an annualized rate of 12.1%.

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

Throughout 2017-2020, China, Germany, and Sweden were the key sources for Finland's imports in value terms. China accounted for 55.3% of imports, Germany for 12.1%, and Sweden for 11.8%, together making up 79.3% 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