Finland: Hide Repairing Machinery Market 2024

Hide Repairing Machinery Market Size in Finland

The Finnish hide repairing machinery market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt slump. Hide repairing machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hide Repairing Machinery Production in Finland

In value terms, hide repairing machinery production skyrocketed to $X in 2022 estimated in export price. Overall, production posted significant growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X,800%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Hide Repairing Machinery Exports

Exports from Finland

In 2022, overseas shipments of machinery for making or repairing articles of hides, skins or leather increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, hide repairing machinery exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X units), Latvia (X units) and Hungary (X units) were the main destinations of hide repairing machinery exports from Finland, together accounting for X% of total exports.

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

In value terms, Estonia ($X) remains the key foreign market for machinery for making or repairing articles of hides, skins or leather exports from Finland, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Hungary (X% per year).

Export Prices by Country

The average hide repairing machinery export price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2018 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 Estonia ($X per unit), while the average price for exports to Latvia ($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.

Hide Repairing Machinery Imports

Imports into Finland

In 2022, purchases abroad of machinery for making or repairing articles of hides, skins or leather increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hide repairing machinery imports reached $X in 2022. Over the period under review, imports, however, saw a dramatic descent. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ukraine (X units) constituted the largest supplier of hide repairing machinery to Finland, with a X% share of total imports. Moreover, hide repairing machinery imports from Ukraine exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was taken by Spain (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

In value terms, Germany ($X), Italy ($X) and Spain ($X) constituted the largest hide repairing machinery suppliers to Finland, with a combined X% share of total imports. The United States, Ukraine and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Ukraine, 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 mixed trend patterns.

Import Prices by Country

The average hide repairing machinery import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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