Pumps; Parts Thereof Price in Finland - 2023
Contents:
- Pumps; Parts Thereof Price in Finland (CIF) - 2023
- Pumps; Parts Thereof Price in Finland (FOB) - 2022
- Pumps; Parts Thereof Imports in Finland
- Pumps; Parts Thereof Exports in Finland
Pumps; Parts Thereof Price in Finland (CIF) - 2023
The average pumps; parts thereof import price stood at $29,027 per ton in June 2023, reducing by -1.6% against the previous month. In general, import price indicated a modest expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, pumps; parts thereof import price decreased by -18.1% against April 2023 indices. The pace of growth was the most pronounced in December 2022 an increase of 72% m-o-m. Over the period under review, average import prices attained the maximum at $35,461 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($104K per ton), while the price for the Czech Republic ($10,173 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Finland (FOB) - 2022
The average pumps; parts thereof export price stood at $55,541 per ton in 2022, standing approx. at the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum at $59,361 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($75,763 per ton), while the average price for exports to Sweden ($31,865 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 Germany (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Finland
Pumps; parts thereof imports into Finland reached 3.3K tons in 2022, increasing by 7.1% on the previous year. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, pumps; parts thereof imports rose notably to $80M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Pumps; Parts Thereof in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.8 | 13.6 | 15.0 | 18.0 | 4.4% |
| Germany | 15.7 | 14.6 | 17.4 | 16.9 | 2.5% |
| Sweden | 5.5 | 4.7 | 8.7 | 9.2 | 18.7% |
| Italy | 4.0 | 4.8 | 7.1 | 8.6 | 29.1% |
| United States | 4.8 | 7.0 | 5.9 | 5.8 | 6.5% |
| United Kingdom | 5.8 | 5.3 | 4.1 | 2.8 | -21.6% |
| Spain | 0.4 | 1.4 | 2.6 | 2.2 | 76.5% |
| Estonia | 1.2 | 1.3 | 1.2 | 1.3 | 2.7% |
| Hungary | 0.8 | 0.7 | 1.2 | 1.1 | 11.2% |
| Czech Republic | 0.6 | 0.4 | 0.7 | 1.0 | 18.6% |
| Others | 10.8 | 10.5 | 11.6 | 13.3 | 7.2% |
| Total | 65.3 | 64.4 | 75.6 | 80.2 | 7.1% |
Top Suppliers of Pumps; Parts Thereof to Finland in 2022:
- China (1602.3 tons)
- Italy (362.9 tons)
- Sweden (285.6 tons)
- Germany (273.8 tons)
- Spain (102.9 tons)
- United States (84.6 tons)
- Czech Republic (84.6 tons)
- Hungary (67.8 tons)
- Estonia (67.4 tons)
- United Kingdom (49.8 tons)
Pumps; Parts Thereof Exports in Finland
In 2022, after three years of growth, there was decline in overseas shipments of pumps; parts thereoves, when their volume decreased by -1.1% to 1,000 tons. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 4.1% against the previous year. As a result, the exports reached the peak of 1K tons, and then contracted slightly in the following year.
In value terms, pumps; parts thereof exports contracted slightly to $56M in 2022. Overall, exports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2020 when exports increased by 6.9% against the previous year. As a result, the exports reached the peak of $58M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Pumps; Parts Thereof in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.7 | 8.8 | 7.8 | 8.1 | -2.4% |
| Sweden | 3.5 | 3.9 | 4.7 | 6.0 | 19.7% |
| Brazil | 1.7 | 2.5 | 3.1 | 3.3 | 24.7% |
| Netherlands | 2.4 | 3.5 | 2.8 | 2.8 | 5.3% |
| Germany | 2.6 | 3.4 | 3.3 | 2.5 | -1.3% |
| Spain | 2.7 | 2.4 | 2.4 | 2.4 | -3.9% |
| France | 2.0 | 2.0 | 1.9 | 1.9 | -1.7% |
| Turkey | 1.2 | 1.1 | 0.6 | 1.8 | 14.5% |
| Russia | 4.6 | 2.5 | 3.3 | 1.8 | -26.9% |
| Saudi Arabia | 1.0 | 1.6 | 1.4 | 1.2 | 6.3% |
| Zambia | 0.7 | 0.9 | 0.9 | 1.2 | 19.7% |
| United Kingdom | 1.2 | 1.1 | 1.1 | 1.0 | -5.9% |
| Estonia | 0.6 | 0.6 | 0.6 | 0.6 | 0.0% |
| Others | 21.1 | 23.3 | 22.2 | 20.9 | -0.3% |
| Total | 53.9 | 57.7 | 56.2 | 55.5 | 1.0% |
Top Export Markets for Pumps; Parts Thereof from Finland in 2022:
- Sweden (189.3 tons)
- United States (128.5 tons)
- Brazil (56.6 tons)
- Netherlands (54.5 tons)
- France (54.0 tons)
- Russia (51.7 tons)
- Turkey (50.8 tons)
- Spain (34.1 tons)
- Germany (33.0 tons)
- Saudi Arabia (28.8 tons)
- Zambia (27.9 tons)
- United Kingdom (18.6 tons)
- Estonia (18.1 tons)
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