Finland: Working Wire Machine Market 2022

Working Wire Machine Market Size in Finland

The Finnish working wire machine market rose remarkably to $X in 2021, picking up by 9.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Working Wire Machine Production in Finland

In value terms, working wire machine production totaled $X in 2021 estimated in export price. Overall, production showed a slight shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 41%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Working Wire Machine Exports

Exports from Finland

In 2021, the amount of machines for working wire exported from Finland totaled X units, stabilizing at the previous year's figure. Overall, exports saw a slight decrease. The pace of growth was the most pronounced in 2018 when exports increased by 1,100% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, working wire machine exports totaled $X in 2021. Over the period under review, exports continue to indicate a tangible increase. The growth pace was the most rapid in 2018 when exports increased by 608% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for working wire machine exports from Finland, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan was relatively modest.

Export Prices by Country

In 2021, the average working wire machine export price amounted to $X per unit, standing approx. at the previous year. Overall, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 an increase of 570%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2021, the rate of growth in terms of prices for Angola amounted to +44.3% per year.

Working Wire Machine Imports

Imports into Finland

In 2021, working wire machine imports into Finland skyrocketed to X units, increasing by 1,600% against the previous year. Over the period under review, imports posted a modest increase. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, working wire machine imports soared to $X in 2021. Overall, imports, however, recorded a abrupt curtailment. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest working wire machine supplier to Finland, accounting for a 76% share of total imports. Moreover, working wire machine imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and the UK (+9.1% per year).

In value terms, Germany ($X), the UK ($X) and the Netherlands ($X) constituted the largest working wire machine suppliers to Finland, together comprising 92% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +93.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, dropping by -52.1% against the previous year. In general, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 109% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+44.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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