Finland: Wood Milling Machine Market 2022

Wood Milling Machine Market Size in Finland

The Finnish wood milling machine market surged to $X in 2021, with an increase of 30% against the previous year. Over the period under review, consumption continues to indicate modest growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wood Milling Machine Production in Finland

In value terms, wood milling machine production rose sharply to $X in 2021 estimated in export price. In general, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 511% against the previous year. Wood milling machine production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Wood Milling Machine Exports

Exports from Finland

In 2021, overseas shipments of planing, milling or moulding machines were finally on the rise to reach X units after two years of decline. Overall, exports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of 614%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood milling machine exports surged to $X in 2021. In general, exports, however, saw a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 473%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for wood milling machine exports from Finland, accounting for a 59% share of total exports. Moreover, wood milling machine exports to New Zealand exceeded the volume sent to the second major destination, Estonia (X units), twofold. Russia (X units) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-12.9% per year) and Russia (-10.9% per year).

In value terms, Russia ($X) emerged as the key foreign market for wood milling machine exports from Finland, comprising 47% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 23% share of total exports. It was followed by Estonia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (0.0% per year) and Estonia (-14.0% per year).

Export Prices by Country

In 2021, the average wood milling machine export price amounted to $X per unit, shrinking by -13.5% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 111% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to New Zealand ($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 Germany (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Milling Machine Imports

Imports into Finland

In 2021, imports of planing, milling or moulding machines into Finland surged to X units, jumping by 33% against the year before. In general, imports saw a mild expansion. The growth pace was the most rapid in 2018 with an increase of 74% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, wood milling machine imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest wood milling machine supplier to Finland, accounting for a 44% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Norway (X units), fivefold. Germany (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (0.0% per year) and Germany (-4.2% per year).

In value terms, Italy ($X) constituted the largest supplier of wood milling machine to Finland, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.8% per year) and China (-1.6% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, rising by 2.3% against the previous year. Overall, the import price, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 an increase of 178%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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