Finland - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Balancing Mechanical Parts Machine in Finland - 2023
Contents:
- Price for Balancing Mechanical Parts Machine in Finland (CIF) - 2022
- Price for Balancing Mechanical Parts Machine in Finland (FOB) - 2022
- Imports of Balancing Mechanical Parts Machine in Finland
- Exports of Balancing Mechanical Parts Machine in Finland
Price for Balancing Mechanical Parts Machine in Finland (CIF) - 2022
The average balancing mechanical parts machine import price stood at $1,231 per unit in 2022, dropping by -36.3% against the previous year. Overall, the import price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2020 an increase of 57%. As a result, import price reached the peak level of $2,828 per unit. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,763 per unit), while the price for China ($613 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Balancing Mechanical Parts Machine in Finland (FOB) - 2022
The average balancing mechanical parts machine export price stood at $9,529 per unit in 2022, surging by 115% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 227% against the previous year. The export price peaked at $41,611 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 China ($26,075 per unit), while the average price for exports to Turkey ($88 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+84.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Balancing Mechanical Parts Machine in Finland
In 2022, imports of machines for balancing mechanical parts into Finland surged to 612 units, rising by 39% on the previous year. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, balancing mechanical parts machine imports dropped to $753K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 65%. Over the period under review, imports reached the maximum at $853K in 2021, and then reduced in the following year.
| Import of Balancing Mechanical Parts Machine in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 131 | 45.5 | 120 | 279 | 28.7% |
| Italy | 203 | 313 | 527 | 224 | 3.3% |
| United States | 9.0 | 0.1 | 102 | 100 | 123.1% |
| Germany | 116 | 93.4 | 49.3 | 72.2 | -14.6% |
| Others | 57.2 | 398 | 53.7 | 77.8 | 10.8% |
| Total | 516 | 850 | 853 | 753 | 13.4% |
Top Suppliers of Balancing Mechanical Parts Machine to Finland in 2022:
- China (455.0 units)
- Italy (80.0 units)
- Germany (50.0 units)
- United States (21.0 units)
Exports of Balancing Mechanical Parts Machine in Finland
In 2022, balancing mechanical parts machine exports from Finland fell remarkably to 18 units, which is down by -71% against the previous year's figure. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 464%. As a result, the exports reached the peak of 62 units, and then shrank significantly in the following year.
In value terms, balancing mechanical parts machine exports contracted rapidly to $170K in 2022. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 283%. As a result, the exports attained the peak of $276K, and then fell rapidly in the following year.
| Export of Balancing Mechanical Parts Machine in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.1 | 16.5 | 48.4 | 69.4 | 59.5% |
| Sweden | N/A | N/A | 0.9 | 12.5 | 1288.9% |
| Poland | N/A | N/A | N/A | 9.1 | 0% |
| Germany | N/A | 0.2 | N/A | 8.6 | 555.7% |
| Estonia | 11.4 | 14.4 | 71.4 | 5.2 | -23.0% |
| Netherlands | N/A | N/A | N/A | 2.6 | 0% |
| Austria | N/A | N/A | 1.6 | 2.5 | 56.3% |
| Taiwan (Chinese) | N/A | N/A | N/A | 1.6 | 0% |
| Hong Kong SAR | N/A | N/A | N/A | 0.7 | 0% |
| France | N/A | N/A | N/A | 0.5 | 0% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| Norway | N/A | 0.2 | 34.3 | 0.1 | -29.3% |
| Uruguay | N/A | N/A | 90.8 | N/A | 0% |
| Others | 92.2 | 40.9 | 29.1 | 57.6 | -14.5% |
| Total | 121 | 72.2 | 276 | 170 | 12.0% |
Top Export Markets for Balancing Mechanical Parts Machine from Finland in 2022:
- Sweden (4.0 units)
- China (3.0 units)
- Estonia (2.0 units)
- Turkey (1.0 units)
- Netherlands (1.0 units)
- Taiwan (Chinese) (1.0 units)
- Poland (1.0 units)
- France (1.0 units)
- Austria (1.0 units)
- Germany (1.0 units)
- Hong Kong SAR (1.0 units)
This report provides an in-depth analysis of the market for balancing mechanical parts machine in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28993970 - Machines for balancing mechanical parts
Country coverage:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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