Finland: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in Finland

The Finnish electronic material tester market dropped modestly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption saw a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Electronic Material Tester Production in Finland

In value terms, electronic material tester production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a sharp contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Electronic material tester production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Electronic Material Tester Exports

Exports from Finland

In 2022, shipments abroad of electronic machines and appliances for testing materials decreased by X% to X units, falling for the fourth consecutive year after two years of growth. Overall, exports faced a deep reduction. 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 units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, electronic material tester exports shrank rapidly to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by 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

China (X units) was the main destination for electronic material tester exports from Finland, accounting for a X% share of total exports. Moreover, electronic material tester exports to China exceeded the volume sent to the second major destination, the Dominican Republic (X units), threefold. Mexico (X units) ranked third in terms of total exports with a X% share.

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

In value terms, China ($X), the Dominican Republic ($X) and Brazil ($X) were the largest markets for electronic material tester exported from Finland worldwide, together comprising X% of total exports.

Among the main countries of destination, the Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electronic material tester export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Colombia ($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.

Electronic Material Tester Imports

Imports into Finland

In 2022, purchases abroad of electronic machines and appliances for testing materials was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a pronounced downturn. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, electronic material tester imports rose significantly to $X in 2022. Overall, imports, however, continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest electronic material tester supplier to Finland, with a X% share of total imports. Moreover, electronic material tester imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by the UK (X units), with a X% share.

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

In value terms, the largest electronic material tester suppliers to Finland were Italy ($X), Germany ($X) and Sweden ($X), together accounting for X% of total imports. The UK, the United States, China and Estonia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Estonia, 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

In 2022, the average electronic material tester import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell significantly 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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