Finland: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Finland

In 2022, the Finnish washing and drying machine market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, enjoyed a temperate increase. Washing and drying machine consumption peaked at $X in 2021, and then reduced in the following year.

Exports of Household Washing and Drying Machines

Exports from Finland

In 2022, the amount of household washing and drying machines exported from Finland soared to X units, rising by X% on the previous year. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, washing and drying machine exports skyrocketed to $X in 2022. Over the period under review, exports posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for washing and drying machine exports from Finland, with a X% share of total exports. Moreover, washing and drying machine exports to Sweden exceeded the volume sent to the second major destination, South Korea (X units), threefold. The third position in this ranking was held by Armenia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Armenia (X% per year).

In value terms, South Korea ($X), Sweden ($X) and China ($X) were the largest markets for washing and drying machine exported from Finland worldwide, with a combined X% share of total exports. Kazakhstan, the United Arab Emirates, Lithuania, Estonia, Denmark, the Netherlands, the UK, Ghana, Armenia and Russia lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 washing and drying machine export price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Armenia ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Household Washing and Drying Machines

Imports into Finland

After two years of growth, supplies from abroad of household washing and drying machines decreased by X% to X units in 2022. In general, imports, however, continue to indicate pronounced growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021, and then declined in the following year.

In value terms, washing and drying machine imports dropped to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Poland (X units), China (X units) and Slovakia (X units) were the main suppliers of washing and drying machine imports to Finland, with a combined X% share of total imports. Turkey, Italy, Sweden, the Czech Republic, South Korea, Slovenia and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and Turkey ($X) were the largest washing and drying machine suppliers to Finland, with a combined X% share of total imports. Slovakia, Germany, Sweden, Italy, the Czech Republic, South Korea and Slovenia lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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 washing and drying machine import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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