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Finland - Cash Registers - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Cash Register Market Overview 2021

Cash Register Market Size in Finland

In 2020, the Finnish cash register market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted resilient growth. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2020, consumption failed to regain the momentum.

Cash Register Production in Finland

In value terms, cash register production declined to $X in 2020 estimated in export prices. Overall, production, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Cash register production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Cash Register Exports

Exports from Finland

Cash register exports from Finland dropped to X units in 2020, with a decrease of -X% compared with the year before. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X units in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, cash register exports reduced dramatically to $X in 2020. In general, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Australia (X units) was the main destination for cash register exports from Finland, accounting for a X% share of total exports. Moreover, cash register exports to Australia exceeded the volume sent to the second major destination, the U.S. (X units), sixfold. South Korea (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Australia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and South Korea (+X% per year).

In value terms, Australia ($X) emerged as the key foreign market for cash register exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Australia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Norway (+X% per year).

Export Prices by Country

The average cash register export price stood at $X per unit in 2020, shrinking by -X% against the previous year. In general, the export price, however, posted a mild expansion. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Norway ($X per unit), while the average price for exports to the U.S. ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Cash Register Imports

Imports into Finland

In 2020, imports of cash registers into Finland soared to X units, increasing by X% on the previous year's figure. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, cash register imports dropped to $X in 2020. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X units), China (X units) and Germany (X units) were the main suppliers of cash register imports to Finland, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cash register suppliers to Finland were China ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports.

Among the main suppliers, Belgium (+X% per year) saw 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

In 2020, the average cash register import price amounted to $X per unit, reducing by -X% against the previous year. Overall, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per unit in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cash registers in the world?
+
China (8M units) remains the largest cash register consuming country worldwide, comprising approx. 19% of total volume. Moreover, cash register consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (3.7M units), twofold. India (3.1M units) ranked third in terms of total consumption with a 7.4% share.
What are the largest producers of cash registers in the world?
+
China (27M units) constituted the country with the largest volume of cash register production, comprising approx. 53% of total volume. Moreover, cash register production in China exceeded the figures recorded by the second-largest producer, Viet Nam (4.1M units), sevenfold. The third position in this ranking was occupied by Malaysia (2.5M units), with a 5% share.
What are the leading suppliers of cash registers to Finland?
+
In value terms, the largest cash register suppliers to Finland were China ($4.6M), Germany ($2.9M) and Belgium ($2.3M), with a combined 91% share of total imports.
What are the leading importers of cash registers from Finland?
+
In value terms, Australia ($924K) emerged as the key foreign market for cash register exports from Finland, comprising 71% of total exports. The second position in the ranking was occupied by South Korea ($84K), with a 6.4% share of total exports. It was followed by Norway, with a 5.3% share.
What is the average export price for cash registers in Finland?
+
In 2020, the average cash register export price amounted to $553 per unit, dropping by -30% against the previous year.
What is the average import price for cash registers in Finland?
+
In 2020, the average cash register import price amounted to $156 per unit, with a decrease of -26.6% against the previous year.

Product coverage:
• Prodcom 28231300 - Accounting machines, cash registers, postage-franking machines, ticket-issuing machines and similar machines, i ncorporating a calculating device

This report provides an in-depth analysis of the cash register market 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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