Finland: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Finland

In 2022, the Finnish filling containers machinery market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption, however, faced a significant decrease. Filling containers machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Filling Containers Machinery Production in Finland

In value terms, filling containers machinery production surged to $X in 2022 estimated in export price. In general, production, however, showed a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Filling Containers Machinery Exports

Exports from Finland

In 2022, approx. X units of machinery for filling, closing, sealing, capsuling or labelling containers were exported from Finland; which is down by X% compared with the previous year. In general, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, filling containers machinery exports shrank slightly to $X in 2022. Over the period under review, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for filling containers machinery exports from Finland, with a X% share of total exports. Moreover, filling containers machinery exports to Russia exceeded the volume sent to the second major destination, Estonia (X units), sixfold. The third position in this ranking was taken by Lithuania (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Lithuania (X% per year).

In value terms, Russia ($X) remains the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Finland, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a mild descent. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 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 the Netherlands ($X per unit), while the average price for exports to Germany ($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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Finland

After two years of growth, overseas purchases of machinery for filling, closing, sealing, capsuling or labelling containers decreased by X% to X units in 2022. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, filling containers machinery imports fell remarkably to $X in 2022. Overall, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X units), Germany (X units) and Italy (X units) were the main suppliers of filling containers machinery imports to Finland, with a combined X% share of total imports.

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

In value terms, Italy ($X), Germany ($X) and Sweden ($X) constituted the largest filling containers machinery suppliers to Finland, with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of X%, saw 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 filling containers machinery import price amounted to $X per unit, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Spain ($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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