Finland: Centrifuges Market 2024

Centrifuges Market Size in Finland

The Finnish centrifuges market fell to $X in 2022, waning by X% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Centrifuges Production in Finland

In value terms, centrifuges production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a dramatic slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Centrifuges production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Centrifuges Exports

Exports from Finland

After two years of decline, shipments abroad of centrifuges increased by X% to X units in 2022. Overall, exports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, centrifuges exports skyrocketed to $X in 2022. In general, exports showed moderate growth. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for centrifuges exports from Finland, with a X% share of total exports. Moreover, centrifuges exports to Belgium exceeded the volume sent to the second major destination, China (X units), fourfold. The United States (X units) ranked third in terms of total exports with an X% share.

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

In value terms, the largest markets for centrifuges exported from Finland were Belgium ($X), China ($X) and Spain ($X), with a combined X% share of total exports. The United States, Germany, Italy and the UK lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded 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

The average centrifuges export price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Germany ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifuges Imports

Imports into Finland

In 2022, centrifuges imports into Finland surged to X units, increasing by X% on 2021. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, centrifuges imports surged to $X in 2022. In general, imports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of centrifuges to Finland, with a X% share of total imports. Moreover, centrifuges imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Sweden (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of centrifuges to Finland, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average centrifuges import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then contracted in the following year.

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 Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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