Finland - Instruments for Measuring Electrical Quantities - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Instruments for Measuring Electrical Quantities in Finland - 2023
Contents:
- Price for Instruments for Measuring Electrical Quantities in Finland (CIF) - 2022
- Price for Instruments for Measuring Electrical Quantities in Finland (FOB) - 2023
- Imports of Instruments for Measuring Electrical Quantities in Finland
- Exports of Instruments for Measuring Electrical Quantities in Finland
Price for Instruments for Measuring Electrical Quantities in Finland (CIF) - 2022
In 2022, the average import price for instruments for measuring electrical quantities amounted to $13 per unit, leveling off at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 209%. As a result, import price attained the peak level of $37 per unit. From 2020 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($45 per unit), while the price for Romania ($7.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Instruments for Measuring Electrical Quantities in Finland (FOB) - 2023
The average export price for instruments for measuring electrical quantities stood at $52.4 per unit in July 2023, increasing by 110% against the previous month. Overall, the export price saw measured growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Sweden ($155 per unit), while the average price for exports to Estonia ($7.8 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 Thailand (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Instruments for Measuring Electrical Quantities in Finland
For the fourth consecutive year, Finland recorded growth in overseas purchases of instruments for measuring electrical quantities, which increased by 14% to 1.2M units in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 225% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, instruments for measuring electrical quantities imports rose remarkably to $15M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Instruments for Measuring Electrical Quantities in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.1 | 2.8 | 3.2 | 5.1 | 18.1% |
| Germany | 2.5 | 1.9 | 2.6 | 2.2 | -4.2% |
| United States | 1.3 | 1.4 | 1.4 | 1.3 | 0.0% |
| United Kingdom | 1.0 | 0.8 | 1.0 | 0.7 | -11.2% |
| Romania | 0.2 | 0.4 | 0.3 | 0.5 | 35.7% |
| Denmark | 0.3 | 0.2 | 0.3 | 0.5 | 18.6% |
| Slovenia | 0.2 | 0.3 | 0.6 | 0.5 | 35.7% |
| Switzerland | 0.4 | 0.5 | 0.5 | 0.4 | 0.0% |
| Bulgaria | 0.3 | 0.2 | 0.4 | 0.3 | 0.0% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 2.2 | 2.4 | 2.2 | 2.9 | 9.6% |
| Total | 11.6 | 11.2 | 12.9 | 14.7 | 8.2% |
Top Suppliers of Instruments for Measuring Electrical Quantities to Finland in 2022:
- China (560.1K units)
- Germany (90.3K units)
- Romania (70.0K units)
- Denmark (38.9K units)
- Bulgaria (35.2K units)
- Slovenia (34.9K units)
- Taiwan (Chinese) (31.9K units)
- United Kingdom (31.5K units)
- United States (28.6K units)
- Switzerland (26.2K units)
Exports of Instruments for Measuring Electrical Quantities in Finland
In 2022, shipments abroad of instruments for measuring electrical quantities decreased by -15.9% to 83K units, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 42%. As a result, the exports reached the peak of 108K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, instruments for measuring electrical quantities exports declined rapidly to $1.8M in 2022. Over the period under review, exports showed a abrupt shrinkage. The smallest decline of -7.3% was in 2021. Over the period under review, the exports hit record highs at $2.9M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Instruments for Measuring Electrical Quantities in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 194 | 565 | 449 | 321 | 18.3% |
| Estonia | 252 | 155 | 167 | 266 | 1.8% |
| Russia | 501 | 429 | 355 | 178 | -29.2% |
| Netherlands | 84.0 | 28.2 | 41.3 | 109 | 9.1% |
| United States | 703 | 334 | 83.7 | 90.4 | -49.5% |
| Ireland | 0.5 | N/A | N/A | 87.3 | 458.9% |
| Norway | 199 | 184 | 106 | 84.5 | -24.8% |
| Sweden | 32.2 | 16.5 | 15.1 | 54.5 | 19.2% |
| Malaysia | 2.8 | 104 | 303 | 37.0 | 136.4% |
| Germany | 68.4 | 46.9 | 55.5 | 35.4 | -19.7% |
| United Kingdom | 14.2 | 10.1 | 81.7 | 32.2 | 31.4% |
| Thailand | N/A | N/A | 0.8 | 25.7 | 3112.5% |
| Lithuania | 12.2 | 15.1 | 11.4 | 25.1 | 27.2% |
| Others | 812 | 488 | 534 | 451 | -17.8% |
| Total | 2,875 | 2,377 | 2,204 | 1,797 | -14.5% |
Top Export Markets for Instruments for Measuring Electrical Quantities from Finland in 2022:
- Estonia (25.7K units)
- Russia (9.5K units)
- China (8.0K units)
- Sweden (4.6K units)
- Netherlands (4.1K units)
- Ireland (2.3K units)
- Malaysia (1.9K units)
- Norway (1.9K units)
- Germany (1.8K units)
- United Kingdom (1.5K units)
- Thailand (1.4K units)
- Lithuania (1.3K units)
- United States (1.2K units)
This report provides an in-depth analysis of the market for instruments for measuring electrical quantities 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 26514310 - Multimeters
- Prodcom 26514330 - Electronic instruments and apparatus for measuring or checking voltage, current, resistance or electrical power, w ithout recording device (excluding multimeters, and oscilloscopes and oscillographs)
- Prodcom 26514355 - Voltmeters
- Prodcom 26514359 - Non-electronic instruments and apparatus, for measuring or checking voltage, current, resistance or power, without a recording device (excluding multimeters, voltmeters)
- Prodcom 26514300 -
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
- 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
-
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
-
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
-
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
-
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
-
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
214
This report provides an in-depth analysis of the market for instruments for measuring electrical quantities in Finland.
263
This report provides an in-depth analysis of the market for electric non-recording gains measurer in Finland.
296
This report provides an in-depth analysis of the telecommunications instrument market in Finland.
297
This report provides an in-depth analysis of the multimeter market in Finland.
241
This report provides an in-depth analysis of the electronic electricity measurer market in Finland.
245
This report provides an in-depth analysis of the market for electric recording gains measurer in Finland.
232
This report provides an in-depth analysis of the cathode-ray oscilloscope market in Finland.
227
This report provides an in-depth analysis of the global market for instruments for measuring electrical quantities.
334
Global Electric Non-Recording Gains Measurer Market Report 2018. This report provides an in-depth analysis of the global market for electric non-recording gains measurer.
313
Global Voltmeter Market Report 2018. This report provides an in-depth analysis of the global voltmeter market.
220
Explore the top import markets for telecommunications instruments and key statistics. Discover the leading countries and their import values according to the IndexBox market intelligence platform.
220
Explore the top import markets for telecommunications instruments and key statistics. Discover the leading countries and their import values according to the IndexBox market intelligence platform.
