Finland: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Finland

The Finnish electrical board and console market fell to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, enjoyed buoyant growth. Electrical board and console consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in Finland

In value terms, electrical board and console production fell significantly to $X in 2022 estimated in export price. In general, production showed a moderate increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Electrical board and console production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports from Finland

In 2022, the amount of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v exported from Finland surged to X units, rising by X% compared with the previous year's figure. Over the period under review, exports saw a strong increase. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, electrical board and console exports reduced to $X in 2022. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for electrical board and console exports from Finland, accounting for a X% share of total exports. Moreover, electrical board and console exports to Norway exceeded the volume sent to the second major destination, Latvia (X units), threefold. The third position in this ranking was held by Spain (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Spain (X% per year).

In value terms, the largest markets for electrical board and console exported from Finland were Norway ($X), the UK ($X) and Latvia ($X), together comprising X% of total exports. Spain, Turkey, Slovenia and Sweden lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electrical board and console export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price recorded a mild decline. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 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 UK ($X per unit), while the average price for exports to Norway ($X 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 Azerbaijan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports into Finland

Electrical board and console imports into Finland fell to X units in 2022, with a decrease of X% compared with 2021. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical board and console imports fell to $X in 2022. Over the period under review, imports, however, posted a strong increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Estonia (X units) constituted the largest supplier of electrical board and console to Finland, with a X% share of total imports. Moreover, electrical board and console imports from Estonia exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by the Czech Republic (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Estonia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Czech Republic (X% per year).

In value terms, Estonia ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest electrical board and console suppliers to Finland, together comprising X% of total imports.

Among the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical board and console import price stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X 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 ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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