Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Finland - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Finland (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Finland (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Finland
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Finland

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Finland (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.6 per unit, dropping by -29.2% against the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 98% against the previous year. As a result, import price reached the peak level of $0.9 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 Japan ($1.7 per unit), while the price for France ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced a decline.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Finland (FOB) - 2022

The average export price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $1.9 per unit in 2022, with an increase of 16% against the previous year. In general, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 116%. The export price peaked at $3.4 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 Russia ($5.6 per unit), while the average price for exports to Switzerland ($0.8 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 the United Arab Emirates (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Finland

In 2022, imports of millstones, grindstones, grinding wheels and the like; of natural stones into Finland expanded markedly to 208K units, surging by 5.1% against the previous year's figure. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 55% against the previous year. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones declined markedly to $116K in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 41% against the previous year. Imports peaked at $156K in 2021, and then fell sharply in the following year.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Finland in 2022:

1. China (149.2K units)
2. France (32.5K units)
3. Sweden (15.5K units)
4. Japan (4.1K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Finland

For the third consecutive year, Finland recorded decline in overseas shipments of millstones, grindstones, grinding wheels and the like; of natural stones, which decreased by -78.1% to 1.1K units in 2022. In general, exports saw a sharp decline. The smallest decline of -13.7% was in 2021. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs at 7.5K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones contracted sharply to $2.1K in 2022. Overall, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, the exports reached the peak of $13K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Finland in 2022:

1. Norway (784.0 units)
2. Russia (219.0 units)
3. United States (39.0 units)
4. United Arab Emirates (31.0 units)
5. Switzerland (24.0 units)

Source: IndexBox Market Intelligence Platform