Finland: Spectrometers And Spectrophotometers Market 2024

Spectrometers And Spectrophotometers Market Size in Finland

In 2022, the Finnish spectrometers and spectrophotometers market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption continues to indicate a notable increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Spectrometers And Spectrophotometers Production in Finland

In value terms, spectrometers and spectrophotometers production rose remarkably to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Spectrometers and spectrophotometers production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Spectrometers And Spectrophotometers Exports

Exports from Finland

In 2022, spectrometers and spectrophotometers exports from Finland dropped to X units, flattening at the previous year's figure. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, spectrometers and spectrophotometers exports stood at $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units), the UK (X units) and the United States (X units) were the main destinations of spectrometers and spectrophotometers exports from Finland, together accounting for X% of total exports. Sweden, Germany, Canada, France, China, Hong Kong SAR, the Netherlands, New Zealand, India and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the United States ($X) and the UK ($X) were the largest markets for spectrometers and spectrophotometers exported from Finland worldwide, together comprising X% of total exports. Germany, China, Canada, France, Hong Kong SAR, Sweden, the Netherlands, India, Switzerland and New Zealand lagged somewhat behind, together comprising a further X%.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average spectrometers and spectrophotometers export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price showed a buoyant expansion. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to New Zealand ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectrometers And Spectrophotometers Imports

Imports into Finland

In 2022, supplies from abroad of spectrometers and spectrophotometers increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X units in 2015; afterwards, it flattened through to 2022.

In value terms, spectrometers and spectrophotometers imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Estonia (X units) and Sweden (X units) were the main suppliers of spectrometers and spectrophotometers imports to Finland, with a combined X% share of total imports. The United States, Switzerland, the Netherlands, the UK, China, Norway, Austria, Belgium, Denmark and Canada lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Estonia ($X) appeared to be the largest spectrometers and spectrophotometers suppliers to Finland, with a combined X% share of total imports. Switzerland, Sweden, Austria, the UK, the Netherlands, Norway, Belgium, China, Denmark and Canada lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Belgium, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The average spectrometers and spectrophotometers import price stood at $X per unit in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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