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Finland - Electronic Integrated Circuits and Microassemblies - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Electronic Chip Market Overview 2021

Electronic Chip Market Size in Finland

The Finnish electronic chip market dropped remarkably to $X in 2020, reducing by -X% against the previous year. Over the period under review, consumption recorded a abrupt descent. The growth pace was the most rapid in 2014 when the market value increased by X% year-to-year. Electronic chip consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Electronic Chip Production in Finland

In value terms, electronic chip production rose notably to $X in 2020 estimated in export prices. In general, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Electronic Chip Exports

Exports from Finland

In 2020, exports of electronic chips from Finland reduced to X units, shrinking by -X% against the year before. In general, exports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X units in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, electronic chip exports fell significantly to $X in 2020. Overall, exports posted a slight increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2019, and then contracted sharply in the following year.

Exports by Country

India (X units) was the main destination for electronic chip exports from Finland, with a X% share of total exports. Moreover, electronic chip exports to India exceeded the volume sent to the second major destination, Russia (X units), ninefold. The third position in this ranking was occupied by China (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-X% per year) and China (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Russia (-X% per year).

Export Prices by Country

In 2020, the average electronic chip export price amounted to $X per unit, shrinking by -X% against the previous year. Over the period under review, the export price, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. The export price peaked at $X per unit in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per unit), while the average price for exports to India ($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 China, while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Finland

In 2020, electronic chip imports into Finland declined to X units, which is down by -X% on 2019 figures. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at X units in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, electronic chip imports reduced dramatically to $X in 2020. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

The U.S. (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of electronic chip imports to Finland, together accounting for X% of total imports. These countries were followed by Malaysia, Thailand, the Philippines and Singapore, which together accounted for a further X 2007 to 2020, the biggest increases were in Thailand, while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest electronic chip suppliers to Finland were Malaysia ($X), China ($X) and the U.S. ($X), with a combined X% share of total imports. Taiwan (Chinese), the Philippines, Thailand and Singapore lagged somewhat behind, together comprising a further X terms of the main suppliers, the Philippines 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 mixed trend patterns.

Import Prices by Country

The average electronic chip import price stood at $X per unit in 2020, falling by -X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electronic chips in the world?
+
The countries with the highest volumes of electronic chip consumption in 2020 were China (18B units), the U.S. (16B units) and Viet Nam (14B units), together comprising 48% of global consumption.
What are the largest producers of electronic chips in the world?
+
The countries with the highest volumes of electronic chip production in 2020 were Taiwan (Chinese) (146B units), Singapore (137B units) and the Philippines (88B units), together accounting for 62% of global production.
What are the leading suppliers of electronic chips to Finland?
+
In value terms, Malaysia ($120M), China ($70M) and the U.S. ($49M) appeared to be the largest electronic chip suppliers to Finland, with a combined 62% share of total imports. Taiwan (Chinese), the Philippines, Thailand and Singapore lagged somewhat behind, together accounting for a further 23%.
What are the leading importers of electronic chips from Finland?
+
In value terms, China ($112M) remains the key foreign market for electronic chip exports from Finland, comprising 51% of total exports. The second position in the ranking was occupied by India ($37M), with a 17% share of total exports. It was followed by Russia, with a 13% share.
What is the average export price for electronic chips in Finland?
+
In 2020, the average electronic chip export price amounted to $8.7 per unit, which is down by -24.8% against the previous year.
What is the average import price for electronic chips in Finland?
+
In 2020, the average electronic chip import price amounted to $6.4 per unit, dropping by -17% against the previous year.

Product coverage:
• Prodcom 26113003 - Multichip integrated circuits: processors and controllers, w hether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
• Prodcom 26113006 - Electronic integrated circuits (excluding multichip circuits): processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
• Prodcom 26113023 - Multichip integrated circuits: memories
• Prodcom 26113027 - Electronic integrated circuits (excluding multichip circuits): dynamic random-access memories (D-RAMs)
• Prodcom 26113034 - Electronic integrated circuits (excluding multichip circuits): static random-access memories (S-RAMs), including cache random-access memories (cache-RAMs)
• Prodcom 26113054 - Electronic integrated circuits (excluding multichip circuits): UV erasable, programmable, read only memories (EPROMs)
• Prodcom 26113065 - Electronic integrated circuits (excluding multichip circuits): electrically erasable, programmable, read only memories (E.PROMs), including flash E.PROMs
• Prodcom 26113067 - Electronic integrated circuits (excluding multichip circuits): other memories
• Prodcom 26113080 - Electronic integrated circuits: amplifiers
• Prodcom 26113091 - Other multichip integrated circuits n.e.c.
• Prodcom 26113094 - Other electronic integrated circuits n.e.c.

This report provides an in-depth analysis of the electronic chip 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 2030
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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