Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Finland - 2023

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Finland (FOB) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Finland (CIF) - 2023
3. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Finland
4. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Finland

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Finland (FOB) - 2022

In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $45,147 per ton, standing approx. at the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machines and mechanical appliances; parts, of those having individual functionses decreased by -8.9% against 2020 indices. The growth pace was the most rapid in 2019 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $49,582 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($139,275 per ton), while the average price for exports to Estonia ($14,258 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 China (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Finland (CIF) - 2023

In December 2023, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $8,601 per ton, with a decrease of -56.6% against the previous month. Overall, the import price continues to indicate a noticeable decline. The pace of growth was the most pronounced in April 2023 when the average import price increased by 58% m-o-m. As a result, import price attained the peak level of $25,120 per ton. From May 2023 to December 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Sweden ($73,163 per ton), while the price for Italy ($5,914 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Finland

In 2022, exports of machines and mechanical appliances; parts, of those having individual functionses from Finland expanded significantly to 5.9K tons, picking up by 5.4% on the year before. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 22%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses amounted to $265M in 2022. The total export value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Finland in 2022:

1. Belgium (1507.0 tons)
2. Sweden (626.1 tons)
3. Indonesia (604.2 tons)
4. Netherlands (486.2 tons)
5. China (423.3 tons)
6. United States (338.4 tons)
7. Estonia (267.7 tons)
8. Poland (177.0 tons)
9. France (116.8 tons)
10. Germany (112.0 tons)
11. South Korea (106.1 tons)
12. Norway (103.7 tons)
13. Turkey (100.2 tons)

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Finland

In 2022, approx. 6.2K tons of machines and mechanical appliances; parts, of those having individual functionses were imported into Finland; jumping by 70% compared with the previous year. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses soared to $105M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Finland in 2022:

1. Germany (1277.5 tons)
2. China (1044.5 tons)
3. Estonia (944.6 tons)
4. Italy (599.6 tons)
5. Poland (434.4 tons)
6. Lithuania (384.4 tons)
7. Sweden (288.1 tons)
8. Spain (177.5 tons)
9. Romania (141.6 tons)
10. United Kingdom (139.0 tons)
11. Denmark (66.6 tons)
12. Latvia (55.8 tons)
13. Czech Republic (47.7 tons)

Source: IndexBox Market Intelligence Platform