Price for Embroidery; in the Piece, in Strips or in Motifs in Finland - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in Finland (CIF) - 2023
- Price for Embroidery; in the Piece, in Strips or in Motifs in Finland (FOB) - 2022
- Imports of Embroidery; in the Piece, in Strips or in Motifs in Finland
- Exports of Embroidery; in the Piece, in Strips or in Motifs in Finland
Price for Embroidery; in the Piece, in Strips or in Motifs in Finland (CIF) - 2023
In September 2023, the average import price for embroidery; in the piece, in strips or in motifses amounted to $98,064 per ton, falling by -20.7% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average import price increased by 38% m-o-m. Over the period under review, average import prices reached the maximum at $159K per ton in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Hong Kong SAR ($143K per ton), while the price for Turkey ($19,536 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Embroidery; in the Piece, in Strips or in Motifs in Finland (FOB) - 2022
The average export price for embroidery; in the piece, in strips or in motifses stood at $79,145 per ton in 2022, stabilizing at the previous year. Overall, the export price, however, saw a pronounced contraction. The growth pace was the most rapid in 2018 when the average export price increased by 343%. The export price peaked at $117,086 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($125,798 per ton), while the average price for exports to Sweden ($20,653 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Embroidery; in the Piece, in Strips or in Motifs in Finland
In 2022, overseas purchases of embroidery; in the piece, in strips or in motifses decreased by -12.7% to 21 tons, falling for the second year in a row after two years of growth. In general, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. As a result, imports reached the peak of 26 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of embroidery; in the piece, in strips or in motifses skyrocketed to $1.7M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Embroidery; in the Piece, in Strips or in Motifs in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 434 | 303 | 353 | 551 | 8.3% |
| Estonia | 572 | 516 | 428 | 465 | -6.7% |
| China | 375 | 211 | 260 | 352 | -2.1% |
| Latvia | 6.5 | 105 | 128 | 122 | 165.8% |
| Hong Kong SAR | 1.3 | 0.2 | N/A | 35.0 | 199.7% |
| France | 8.1 | 4.0 | 14.1 | 23.6 | 42.8% |
| Turkey | 26.8 | 17.5 | 47.8 | 20.3 | -8.8% |
| Others | 129 | 76.3 | 85.7 | 104 | -6.9% |
| Total | 1,553 | 1,233 | 1,316 | 1,672 | 2.5% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Finland in 2022:
- Estonia (6.1 tons)
- Thailand (5.6 tons)
- China (3.2 tons)
- Latvia (2.7 tons)
- Turkey (0.7 tons)
- France (0.6 tons)
- Hong Kong SAR (0.6 tons)
Exports of Embroidery; in the Piece, in Strips or in Motifs in Finland
In 2022, approx. 888 kg of embroidery; in the piece, in strips or in motifses were exported from Finland; jumping by 20% against the previous year's figure. In general, exports, however, recorded a significant decline.
In value terms, exports of embroidery; in the piece, in strips or in motifses skyrocketed to $70K in 2022. Over the period under review, exports, however, continue to indicate a significant decline.
| Export of Embroidery; in the Piece, in Strips or in Motifs in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 11.0 | 7.4 | 4.0 | 29.1 | 38.3% |
| Russia | 35.6 | 8.6 | 8.8 | 10.6 | -33.2% |
| Turkey | 0.2 | N/A | N/A | 4.8 | 188.4% |
| Hungary | 0.1 | 20.1 | 0.8 | 4.7 | 260.9% |
| Czech Republic | 2.6 | 2.9 | 2.4 | 2.9 | 3.7% |
| Uruguay | 0.1 | 3.5 | 1.2 | 2.3 | 184.4% |
| Poland | 12.9 | 4.6 | 6.9 | 1.8 | -48.1% |
| Sweden | 66.4 | 20.1 | 5.3 | 1.0 | -75.3% |
| France | 8.9 | 8.6 | 0.9 | N/A | -68.2% |
| Netherlands | 6.0 | 5.6 | 0.6 | N/A | -68.4% |
| Others | 30.8 | 57.5 | 27.2 | 13.0 | -25.0% |
| Total | 175 | 139 | 58.1 | 70.3 | -26.2% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Finland in 2022:
- Estonia (357.0 kg)
- Hungary (157.0 kg)
- Russia (84.0 kg)
- Uruguay (49.0 kg)
- Sweden (49.0 kg)
- Turkey (48.0 kg)
- Czech Republic (27.0 kg)
- Poland (25.0 kg)
- France (4.0 kg)
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