Report Finland - Thermostats - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Finland - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Thermostat Market 2022

Thermostat Market Size in Finland

For the fourth consecutive year, the Finnish thermostat market recorded growth in sales value, which increased by 16% to $X in 2021. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Thermostat Production in Finland

In value terms, thermostat production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production saw a moderate expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 536% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Thermostat Exports

Exports from Finland

In 2021, overseas shipments of thermostats decreased by -31.1% to X units for the first time since 2017, thus ending a three-year rising trend. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 53% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, thermostat exports contracted dramatically to $X in 2021. Overall, exports faced a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 6.3%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Estonia (X units), Poland (X units) and Russia (X units) were the main destinations of thermostat exports from Finland, with a combined 50% share of total exports. These countries were followed by France, Germany, Sweden, Latvia and China, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +26.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for thermostat exported from Finland were Estonia ($X), Germany ($X) and Latvia ($X), with a combined 34% share of total exports.

Among the main countries of destination, Latvia, with a CAGR of +13.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average thermostat export price amounted to $X per unit, growing by 4% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2015 an increase of 5%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Latvia ($X per unit), while the average price for exports to Russia ($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 China (-3.0%), while the prices for the other major destinations experienced a decline.

Thermostat Imports

Imports into Finland

In 2021, supplies from abroad of thermostats increased by 6% to X units, rising for the third year in a row after two years of decline. Overall, imports enjoyed a notable expansion. The growth pace was the most rapid in 2019 when imports increased by 45% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, thermostat imports rose remarkably to $X in 2021. In general, imports, however, showed a noticeable downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Denmark (X units), Estonia (X units) and Germany (X units) were the main suppliers of thermostat imports to Finland, together comprising 65% of total imports. These countries were followed by Sweden, Poland, Italy, France and China, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +38.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest thermostat suppliers to Finland were Denmark ($X), Estonia ($X) and Germany ($X), together accounting for 64% of total imports. Sweden, Poland, Italy, France and China lagged somewhat behind, together accounting for a further 27%.

Poland, with a CAGR of +15.4%, 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 mixed trend patterns.

Import Prices by Country

The average thermostat import price stood at $X per unit in 2021, rising by 6.6% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, 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 Sweden ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for thermostats in the world?
+
The countries with the highest volumes of consumption in 2021 were China, India and Hong Kong SAR, together comprising 41% of global consumption. These countries were followed by Germany, the United States, Turkey, Mexico, Japan, Saudi Arabia, France, Malaysia, Austria and the UK, which together accounted for a further 32%.
What are the largest producers of thermostats in the world?
+
China remains the largest thermostat producing country worldwide, comprising approx. 42% of total volume. Moreover, thermostat production in China exceeded the figures recorded by the second-largest producer, India, threefold. Hong Kong SAR ranked third in terms of total production with a 5.8% share.
What are the leading suppliers of thermostats to Finland?
+
In value terms, Denmark, Estonia and Germany appeared to be the largest thermostat suppliers to Finland, together comprising 64% of total imports. Sweden, Poland, Italy, France and China lagged somewhat behind, together accounting for a further 27%.
What are the leading importers of thermostats from Finland?
+
In value terms, Estonia, Germany and Latvia appeared to be the largest markets for thermostat exported from Finland worldwide, with a combined 34% share of total exports.
What is the average export price for thermostats in Finland?
+
The average thermostat export price stood at $12 per unit in 2021, picking up by 4% against the previous year.
What is the average import price for thermostats in Finland?
+
In 2021, the average thermostat import price amounted to $7.5 per unit, picking up by 6.6% against the previous year.

This report provides an in-depth analysis of the thermostat market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 26517015 - Electronic thermostats
• Prodcom 26517019 - Non-electronic thermostats
Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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