Report Update: May 1, 2024

Finland - Boards, Consoles, Etc. Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V - Market Analysis, Forecast, Size, Trends and Insights

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Price for Electrical Board and Console in Finland - 2023

Price for Electrical Board and Console in Finland (CIF) - 2022

In 2022, the average electrical board and console import price amounted to $83 per unit, growing by 14% against the previous year. Over the period under review, the import price continues to indicate a modest increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 23% against the previous year. The import price peaked at $88 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($251 per unit), while the price for Estonia ($44 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+1.0%), while the prices for the other major suppliers experienced a decline.

Price for Electrical Board and Console in Finland (FOB) - 2023

In July 2023, the average electrical board and console export price amounted to $139 per unit, reducing by -64.5% against the previous month. Over the period under review, the export price saw a abrupt descent. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 610% m-o-m. As a result, the export price attained the peak level of $1,730 per unit. From January 2023 to July 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Norway ($29,490 per unit), while the average price for exports to Latvia ($86.1 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+731.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Board and Console in Finland

In 2022, overseas purchases of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding 1000 v decreased by -19.6% to 744K units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of 1.1M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, electrical board and console imports declined to $62M in 2022. Over the period under review, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, imports attained the peak of $96M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Electrical Board and Console in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	41.9	37.2	30.0	20.3	-21.5%
Germany	8.0	12.0	10.6	17.3	29.3%
Czech Republic	5.3	26.2	9.9	12.1	31.7%
Turkey	2.0	5.0	3.3	3.1	15.7%
Italy	1.2	2.4	2.0	2.8	32.6%
Sweden	1.2	3.5	3.1	0.3	-37.0%
Others	9.7	9.4	8.3	5.7	-16.2%
Total	69.2	95.7	67.3	61.7	-3.8%

Top Suppliers of Electrical Board and Console to Finland in 2022:

Estonia (464.4K units)
Germany (176.3K units)
Czech Republic (48.3K units)
Turkey (18.4K units)
Italy (12.9K units)
Sweden (3.5K units)

Exports of Electrical Board and Console in Finland

Electrical board and console exports from Finland surged to 17K units in 2022, increasing by 61% on 2021 figures. Over the period under review, exports posted prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 87% against the previous year. As a result, the exports reached the peak of 21K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical board and console exports declined dramatically to $6.1M in 2022. In general, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 7.6%. The exports peaked at $8.7M in 2021, and then shrank notably in the following year.

Export of Electrical Board and Console in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	126	1,237	694	1,707	138.4%
United Kingdom	1,176	462	1,486	1,072	-3.0%
Latvia	6.0	6.1	3.9	990	448.5%
India	N/A	N/A	0.1	364	363900.0%
Sweden	3,849	471	555	163	-65.1%
Italy	281	2.2	N/A	95.0	-30.3%
Singapore	N/A	3,307	17.9	3.2	-96.9%
Others	2,180	2,713	5,930	1,668	-8.5%
Total	7,619	8,199	8,686	6,062	-7.3%

Top Export Markets for Electrical Board and Console from Finland in 2022:

Singapore (undefinedK units)
Norway (10.0K units)
Latvia (3.8K units)
India (0.8K units)
United Kingdom (0.8K units)
Italy (0.5K units)
Sweden (0.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for electrical board and console 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 27123203 - Numerical control panels, 1 .000 V < voltage . .72,5 kV
Prodcom 27123205 - Numerical control panels, voltage > .72,5 kV

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023