Travel goods, handbags and similar containers market in Finland

Earlier Report Observations

The market for travel goods, handbags, and similar containers in Finland contracted in value from 112.5 million USD in 2018 to 89.2 million USD in 2021. A reversal began in 2022, with the market size growing steadily to reach 123.6 million USD by 2024, surpassing its initial level.

This market recovery coincided with a pronounced expansion in domestic production, which increased more than fourfold from 2.7 million USD in 2018 to 12.8 million USD in 2024. The period from 2022 onward marked a phase of simultaneous growth for both overall market value and local manufacturing output.

While imports remained the dominant supply source, fluctuating between 110.7 million USD and 141.9 million USD, the consistent rise in production value indicates a growing role for domestic manufacturers within the Finnish market structure during the latter part of the period.

Production travel goods, handbags and similar containers in Finland

In value, 2017-2020, K $ US

Finland's production of travel goods, handbags, and similar containers grew for the second year in a row. In 2020, output reached 4 783 thousand US dollars, marking a significant 55.2% increase compared to the previous year. Over the 2017-2020 period, production rose by 20.5%, with an average annual growth rate of 6.4%. The lowest production value was recorded in 2018 at 2 703 thousand US dollars, which also saw the largest decline of 31.9%.

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

Exports travel goods, handbags and similar containers from Finland

Exports in kind, t

Export data shows irregular fluctuations, reflecting a volatile market environment. The lowest point occurred in 2019 with 130 tonnes, representing a sharp 71.2% decline. Exports then rebounded in 2020 to 372 tonnes, a substantial 186.1% increase from the previous year. The peak was in 2017, creating a 3.7-fold difference between the highest and lowest years.

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

From 2017 to 2020, Russia, Sweden, and Japan were notable but not dominant buyers of travel goods, handbags, and similar containers from Finland. Russia accounted for 16.5% of exports in kind, Sweden for 12.6%, and Japan for 12.3%. Together, these three countries represented 41.4% of total exports in kind.

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

After two years of growth, exports of travel goods, handbags, and similar containers from Finland declined. In 2020, exports totaled 25.2 million US dollars, a notable 17.2% decrease from the previous year. The highest value was recorded in 2019 at 30.4 million US dollars, which also saw the largest increase of 9.7%. Over the 2017-2020 period, exports fell by 3.9%, equivalent to an annualized decline of 1.3%.

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

Between 2017 and 2020, exports in value terms of travel goods, handbags, and similar containers from Finland were distributed across many countries. Japan led with 21.7% of exports in value terms, followed by Sweden at 11.3% and Belgium at 9.5%. Collectively, these three countries accounted for 42.5% 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 travel goods, handbags and similar containers to Finland

Imports in kind, t

The import market displayed an unstable trend throughout the period. The highest volume was in 2018 at 5 975 tonnes, while the lowest was in 2019 at 455 tonnes, representing a dramatic 92.4% decline. In 2020, imports surged to approximately 4 914 tonnes, a remarkable 980.9% increase year-over-year. The variation between the peak and trough was 13.1-fold.

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

From 2017 to 2020, China, Vietnam, and India formed the core group of suppliers for imports in kind. China dominated with 58.9% of imports in kind, followed by Vietnam at 14.2% and India at 4.3%. Together, these three countries represented 77.4% of total import flows.

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

Imports of travel goods, handbags, and similar containers into Finland fell for the second consecutive year. In 2020, imports amounted to 110.7 million US dollars, a robust 15.9% drop compared to the previous year. The peak was in 2018 at 137.6 million US dollars, which also saw the largest increase of 3.7%. Over the 2017-2020 period, imports decreased by 16.5%, with an average annual decline of 5.8%.

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

During 2017-2020, China, Vietnam, and India remained the primary suppliers of travel goods, handbags, and similar containers to Finland in value terms. China accounted for 47.2% of imports in value terms, Vietnam for 10.5%, and India for 5.7%. Collectively, these three countries made up 63.4% of total imports in value terms.

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

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