Finland: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Finland

In 2022, the Finnish lathe for removing metal market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a noticeable shrinkage. Lathe for removing metal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Lathes For Removing Metal

Exports from Finland

In 2022, overseas shipments of lathes for removing metal decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then declined notably in the following year.

In value terms, lathe for removing metal exports declined dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a notable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the lafor removing metal exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for lathe for removing metal exports from Finland, accounting for a X% share of total exports. Moreover, lathe for removing metal exports to Turkey exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was held by Estonia (X units), with a X% share.

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

In value terms, Turkey ($X), Kyrgyzstan ($X) and Germany ($X) were the largest markets for lathe for removing metal exported from Finland worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of X%, saw the highest growth rate of 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 lathe for removing metal export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2013 an increase of X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while the average price for exports to Estonia ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Imports of Lathes For Removing Metal

Imports into Finland

In 2022, purchases abroad of lathes for removing metal increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, lafor removing metal imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, lathe for removing metal imports rose markedly to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Austria (X units) and China (X units) were the main suppliers of lathe for removing metal imports to Finland, with a combined X% share of total imports. Japan, Italy, Spain, South Korea, Sweden, Denmark, Belgium, the UK, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest lathe for removing metal suppliers to Finland were Japan ($X), Germany ($X) and Spain ($X), together accounting for X% of total imports. South Korea, Italy, the UK, the Netherlands, Belgium, China, Austria, Sweden, Taiwan (Chinese) and Denmark lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average lathe for removing metal import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood 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 Japan ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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