Finland: Electrical Insulating Fittings Market Overview 2020

Electrical Insulating Fittings Market Size in Finland

The revenue of the electrical insulating fittings market in Finland amounted to $X in 2018, surging by X% against the previous year. Overall, electrical insulating fittings consumption continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Electrical insulating fittings consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Electrical Insulating Fittings Production in Finland

In value terms, electrical insulating fittings production stood at $X in 2018 estimated in export prices. In general, electrical insulating fittings production continues to indicate prominent growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, electrical insulating fittings production reached its peak figure level in 2018 and is likely to continue its growth in the near future.

Electrical Insulating Fittings Exports

Exports from Finland

In 2018, approx. X tonnes of electrical insulating fittings of plastics were exported from Finland; going up by X% against the previous year. Over the period under review, electrical insulating fittings exports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, electrical insulating fittings exports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, electrical insulating fittings exports amounted to $X in 2018. Over the period under review, electrical insulating fittings exports continue to indicate slight growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

Estonia (X tonnes) was the main destination for electrical insulating fittings exports from Finland, with a X% share of total exports. Moreover, electrical insulating fittings exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tonnes), threefold. The third position in this ranking was occupied by Russia (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Estonia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+X% per year) and Russia (+X% per year).

In value terms, Estonia ($X) remains the key foreign market for electrical insulating fittings exports from Finland, comprising X% of total electrical insulating fittings exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Estonia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Russia (+X% per year).

Export Prices by Country

In 2018, the average electrical insulating fittings export price amounted to $X per tonne, remaining relatively unchanged against the previous year. Overall, the electrical insulating fittings export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, the average export prices for electrical insulating fittings of plastics attained their maximum at $X per tonne in 2010; however, from 2011 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Poland ($X per tonne), while the average price for exports to Latvia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Estonia, while the prices for the other major destinations experienced a decline.

Electrical Insulating Fittings Imports

Imports into Finland

In 2018, the amount of electrical insulating fittings of plastics imported into Finland totaled X tonnes, growing by X% against the previous year. Over the period under review, electrical insulating fittings imports, however, continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Imports peaked at X tonnes in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, electrical insulating fittings imports stood at $X in 2018. Overall, electrical insulating fittings imports, however, continue to indicate a drastic drop. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest electrical insulating fittings supplier to Finland, accounting for a X% share of total imports. Moreover, electrical insulating fittings imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. Estonia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Germany totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Estonia (+X% per year).

In value terms, Germany ($X), the U.S. ($X) and China ($X) appeared to be the largest electrical insulating fittings suppliers to Finland, together accounting for X% of total imports.

Among the main suppliers, the U.S. recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical insulating fittings import price stood at $X per tonne in 2018, growing by X% against the previous year. In general, the import price indicated a measured increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for electrical insulating fittings of plastics attained their maximum at $X per tonne in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform