Finland: Accumulator Market 2024

Accumulator Market Size in Finland

The Finnish accumulator market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate a resilient expansion. Accumulator consumption peaked in 2022 and is likely to see gradual growth in years to come.

Accumulator Production in Finland

In value terms, accumulator production surged to $X in 2022 estimated in export price. In general, production saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Accumulator Exports

Exports from Finland

In 2022, overseas shipments of electric accumulators increased by X% to X units, rising for the fifth consecutive year after two years of decline. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, accumulator exports skyrocketed to $X in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units) was the main destination for accumulator exports from Finland, with a X% share of total exports. Moreover, accumulator exports to Germany exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. The third position in this ranking was taken by Estonia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Estonia (X% per year).

In value terms, Germany ($X) remains the key foreign market for electric accumulators exports from Finland, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

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

Export Prices by Country

The average accumulator export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained 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 ($X per unit), while the average price for exports to Poland ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Accumulator Imports

Imports into Finland

In 2022, the amount of electric accumulators imported into Finland surged to X units, with an increase of X% against 2021. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, accumulator imports skyrocketed to $X in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X units), China (X units) and Germany (X units) were the main suppliers of accumulator imports to Finland, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Germany ($X) appeared to be the largest accumulator suppliers to Finland, together accounting for X% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average accumulator import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price saw a buoyant expansion. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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