Finland: Refrigerator And Freezer Market Overview 2020

Refrigerator And Freezer Market Size in Finland

The revenue of the refrigerator and freezer market in Finland amounted to $X in 2018, growing by X% against the previous year. Over the period under review, refrigerator and freezer consumption, however, continues to indicate a drastic setback. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, the refrigerator and freezer market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Refrigerator And Freezer Production in Finland

In value terms, refrigerator and freezer production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Refrigerator and freezer production peaked in 2018 and is likely to continue its growth in the near future.

Refrigerator And Freezer Exports

Exports from Finland

In 2018, approx. X tonnes of refrigerators and freezers were exported from Finland; coming down by -X% against the previous year. In general, refrigerator and freezer exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, refrigerator and freezer exports attained their peak of X tonnes, and then declined slightly in the following year.

In value terms, refrigerator and freezer exports amounted to $X in 2018. Overall, refrigerator and freezer exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, refrigerator and freezer exports reached their maximum at $X in 2017, and then declined slightly in the following year.

Exports by Country

Sweden (X tonnes) was the main destination for refrigerator and freezer exports from Finland, accounting for a X% share of total exports. Moreover, refrigerator and freezer exports to Sweden exceeded the volume sent to the second major destination, Guinea (X tonnes), more than tenfold. The third position in this ranking was occupied by Egypt (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (+X% per year) and Egypt (+X% per year).

In value terms, Sweden ($X) remains the key foreign market for refrigerator and freezer exports from Finland, comprising X% of total refrigerator and freezer exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Switzerland (+X% per year).

Export Prices by Country

In 2018, the average refrigerator and freezer export price amounted to $X per tonne, surging by X% against the previous year. Overall, the refrigerator and freezer export price, however, continues to indicate a measured shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for refrigerators and freezers reached their maximum at $X per tonne in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was South Korea ($X per tonne), while the average price for exports to Guinea ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Latvia, while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into Finland

In 2018, the refrigerator and freezer imports into Finland totaled X tonnes, surging by X% against the previous year. In general, refrigerator and freezer imports, however, continue to indicate an abrupt deduction. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, refrigerator and freezer imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, refrigerator and freezer imports totaled $X in 2018. In general, refrigerator and freezer imports, however, continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

Sweden (X tonnes), Hungary (X tonnes) and China (X tonnes) were the main suppliers of refrigerator and freezer imports to Finland, with a combined X% share of total imports. Brazil, Turkey, Poland, India, Germany, Serbia, Italy, Thailand and Romania lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Brazil, while the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator and freezer suppliers to Finland were Sweden ($X), Hungary ($X) and China ($X), together accounting for X% of total imports. These countries were followed by Brazil, Turkey, India, Poland, Germany, Italy, Thailand, Serbia and Romania, which together accounted for a further X recorded the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average refrigerator and freezer import price amounted to $X per tonne, going up by X% against the previous year. Over the period under review, the refrigerator and freezer import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, the average import prices for refrigerators and freezers reached their peak figure at $X per tonne in 2009; however, from 2010 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were Sweden ($X per tonne) and Italy ($X per tonne), while the price for Serbia ($X per tonne) and Germany ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform