Finland: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Finland

The Finnish market for parts of apparatus of hs dropped to $X in 2021, waning by -13.8% against the previous year. In general, consumption, however, enjoyed a slight increase. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Parts Of Apparatus Of Hs in Finland

In value terms, parts of apparatus of hs production declined modestly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 44% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

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Exports of Parts Of Apparatus Of Hs

Exports from Finland

In 2021, shipments abroad of parts of apparatus of hs increased by 42% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 862%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, parts of apparatus of hs exports surged to $X in 2021. Overall, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units), the United States (X units) and China (X units) were the main destinations of parts of apparatus of hs exports from Finland, with a combined 39% share of total exports. Russia, Germany, Denmark, South Korea, the UK, Estonia, Japan, Belgium, Norway and Poland lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +30.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and Sweden ($X) were the largest markets for parts of apparatus of hs exported from Finland worldwide, together comprising 35% of total exports. China, Germany, the UK, South Korea, Denmark, Japan, Estonia, Belgium, Norway and Poland lagged somewhat behind, together comprising a further 45%.

Among the main countries of destination, Estonia, with a CAGR of +29.9%, 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

The average export price for parts of apparatus of hs stood at $X per unit in 2021, standing approx. at the previous year. In general, the export price, however, continues to indicate slight growth. The pace of growth was the most pronounced in 2019 an increase of 638%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Finland

In 2021, parts of apparatus of hs imports into Finland shrank modestly to X units, declining by -1.6% against 2020. In general, imports, however, continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2020 when imports increased by 1,753% against the previous year. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, parts of apparatus of hs imports fell to $X in 2021. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then contracted in the following year.

Imports by Country

Sweden (X units), China (X units) and the Netherlands (X units) were the main suppliers of parts of apparatus of hs imports to Finland, together comprising 71% of total imports. Germany, Denmark and Poland lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +55.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of apparatus of hs suppliers to Finland were Sweden ($X), the Netherlands ($X) and Germany ($X), with a combined 72% share of total imports. China, Denmark and Poland lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Poland, with a CAGR of +60.5%, 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

The average import price for parts of apparatus of hs stood at $X per unit in 2021, leveling off at the previous year. In general, the import price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2019 an increase of 1,868%. As a result, import price attained the peak level of $X per unit. From 2020 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 Poland ($X per unit), while the price for China ($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 (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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