Finland: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Finland

The Finnish wood milling machine market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption, however, saw a pronounced contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Wood Milling Machine Production in Finland

In value terms, wood milling machine production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted temperate growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Wood milling machine production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Wood Milling Machine Exports

Exports from Finland

In 2022, shipments abroad of planing, milling or moulding machines was finally on the rise to reach X units after five years of decline. Overall, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wood milling machine exports declined to $X in 2022. Over the period under review, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Estonia (X units) was the main destination for wood milling machine exports from Finland, accounting for a X% share of total exports. Moreover, wood milling machine exports to Estonia exceeded the volume sent to the second major destination, Sweden (X units), sevenfold. The third position in this ranking was taken by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and India (X% per year).

In value terms, Estonia ($X) emerged as the key foreign market for planing, milling or moulding machines exports from Finland, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

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

Export Prices by Country

In 2022, the average wood milling machine export price amounted to $X per unit, reducing by X% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per unit in 2016; however, from 2017 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 Russia ($X per unit), while the average price for exports to Sweden ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Finland

In 2022, supplies from abroad of planing, milling or moulding machines increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood milling machine imports totaled $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X units), China (X units) and Slovenia (X units) were the main suppliers of wood milling machine imports to Finland, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wood milling machine suppliers to Finland were Italy ($X), Sweden ($X) and China ($X), together comprising X% of total imports.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 wood milling machine import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then declined notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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