Woven textile floor coverings market in Finland

Earlier Report Observations

The market for woven textile floor coverings in Finland showed high volatility from 2018 to 2024. Physical market volume peaked at 3 347 thousand m² in 2021 after a strong rebound from the previous year, but then contracted to 2 103 thousand m² by the end of the period.

Market value followed a similar pattern, reaching $35.7 million in 2021 before entering a sustained downturn, falling to $18.1 million in 2024. The decline was particularly sharp after 2021, with both volume and value dropping significantly in 2022 and 2023.

Notable shifts occurred earlier in the period, such as the 31% contraction in physical volume in 2019, which coincided with a 6% increase in market value, pointing to changing price levels or a move toward higher-value products within the market.

Production woven textile floor coverings in Finland

In value, 2017-2020, K $ US

After two consecutive years of growth, Finland's production of woven textile floor coverings declined. In 2020, output was valued at 2 621 K $ US, marking a significant decrease of 13.9% compared to the previous year. Between 2017 and 2020, production fell by 3.3%, which translates to an annualized decline of 1.1%. The peak value was recorded in 2019 at 3 045 K $ US, with the largest annual increase of 11.6% also occurring that year.

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

In kind, 2017-2020, m²

In 2020, Finland produced 39 899 m² of woven textile floor coverings, representing a sharp drop of 32.6% from the previous year. Over the period from 2017 to 2020, production decreased by 23.4%, averaging an annual decline of 8.5%. The highest output was recorded in 2019 at 59 181 m², which also saw the largest annual increase of 43.9%.

Annual dynamics of production in Finland in kind, 2017-2020, m²

Exports woven textile floor coverings from Finland

Exports in kind, K m²

In 2020, Finland exported 154 K m² of woven textile floor coverings, up by 55.2% compared to 2019. However, over the 2017-2020 period, exports decreased by 28%, with a compound annual growth rate (CAGR) of -10.4%. The lowest export volume was recorded in 2019 at 99 K m², while the peak was in 2018 at 227 K m². The most significant decline occurred in 2019, with a drop of 56.4%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K m²

From 2017 to 2020, Belgium and Estonia were the two leading markets for Finland's exports of woven textile floor coverings in kind, together accounting for 82.9% of the total. The remaining volume was distributed among a variety of other countries.

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 woven textile floor coverings in value terms declined for the second year in a row. In 2020, exports were recorded at 3 589 K $ US, showing a slight decrease of 1.6% year-over-year. Between 2017 and 2020, exports fell by 19.6%, equivalent to an annualized decline of 7.0%. The highest value was in 2018 at 4 644 K $ US, with the largest annual increase of 4.0% also in 2018, while the most significant drop of 21.4% occurred in 2019.

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

During the 2017-2020 period, Belgium, Estonia, and Germany consistently served as the main destinations for Finland's exports in value terms. Belgium accounted for 42.1% of exports, Estonia for 8.8%, and Germany for 7.5%, together making up 58.4% 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 woven textile floor coverings to Finland

Imports in kind, K m²

In 2020, Finland's imports of woven textile floor coverings in kind reached 3 271 K m², a 23.8% increase compared to 2019. Over the 2017-2020 period, imports grew by 42.8%, with a compound annual growth rate (CAGR) of 12.6%. The largest annual decline was in 2019 at 11.4%, while the highest increase was in 2018 at 30.2%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K m²

From 2017 to 2020, Belgium, India, and Turkey were the primary sources for Finland's imports of woven textile floor coverings in kind. Belgium contributed 28.8% of imports, India 28.5%, and Turkey 13.4%, collectively representing 70.6% 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, K $ US

After two years of growth, Finland's imports of woven textile floor coverings in value terms declined. In 2020, imports amounted to 33 423 K $ US, reflecting a small decrease of 1.4% from the previous year. Between 2017 and 2020, imports increased by 26.9%, averaging an annual growth of 8.3%. The peak value was recorded in 2019 at 33 901 K $ US, with the largest annual increase of 26.3% occurring in 2018.

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

In the 2017-2020 period, India, Belgium, and Turkey accounted for the largest shares of Finland's imports in value terms. India represented 26.9% of imports, Belgium 24.0%, and Turkey 13.5%, together comprising 64.4% 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