Finland: Civil Reaction Engine Market 2024

Civil Reaction Engine Market Size in Finland

In 2022, the Finnish civil reaction engine market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, recorded a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Civil Reaction Engine Production in Finland

In value terms, civil reaction engine production shrank markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X,500% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Civil Reaction Engine Exports

Exports from Finland

In 2022, overseas shipments of civil reaction engines decreased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, civil reaction engine exports totaled $X in 2022. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uruguay (X units) was the main destination for civil reaction engine exports from Finland, accounting for a X% share of total exports. Moreover, civil reaction engine exports to Uruguay exceeded the volume sent to the second major destination, Norway (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Uruguay was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to X%.

Export Prices by Country

The average civil reaction engine export price stood at $X per unit in 2022, stabilizing at the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

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 Norway ($X per unit), while the average price for exports to Uruguay totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced a decline.

Civil Reaction Engine Imports

Imports into Finland

In 2022, civil reaction engine imports into Finland surged to X units, rising by X% on 2021. Over the period under review, imports recorded a slight increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, civil reaction engine imports surged to $X in 2022. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Switzerland (X units) constituted the largest civil reaction engine supplier to Finland, with a X% share of total imports. Moreover, civil reaction engine imports from Switzerland exceeded the figures recorded by the second-largest supplier, Norway (X units), fourfold. France (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Switzerland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and France (X% per year).

In value terms, Italy ($X), Norway ($X) and Switzerland ($X) appeared to be the largest civil reaction engine suppliers to Finland, together accounting for X% of total imports. France, the UK, China, the United States and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, France, 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 civil reaction engine import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Italy ($X per unit), while the price for Spain ($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 more modest paces of growth.

Source: IndexBox Platform

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