Finland: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Finland

For the third year in a row, the Finnish air conditioning machine market recorded growth in sales value, which increased by 18% to $X in 2021. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +108.8% against 2013 indices. Air conditioning machine consumption peaked in 2021 and is expected to retain growth in the immediate term.

Air Conditioning Machine Production in Finland

In value terms, air conditioning machine production reduced markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 27%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Finland

In 2021, after two years of decline, there was significant growth in shipments abroad of air conditioning machines, when their volume increased by 17% to X units. Over the period under review, exports, however, showed a abrupt setback. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, air conditioning machine exports soared to $X in 2021. In general, exports, however, continue to indicate a mild setback. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X units), Germany (X units) and Norway (X units) were the main destinations of air conditioning machine exports from Finland, with a combined 68% share of total exports. These countries were followed by Uruguay, Estonia, Russia and Denmark, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were in Uruguay (with a CAGR of +19.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for air conditioning machine exported from Finland were Sweden ($X), Germany ($X) and Norway ($X), with a combined 68% share of total exports. Uruguay, Estonia, Russia and Denmark lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Uruguay, with a CAGR of +13.4%, 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 air conditioning machine export price amounted to $X per unit, rising by 7.4% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, air conditioning machine export price increased by +90.5% against 2016 indices. The growth pace was the most rapid in 2019 an increase of 35%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to Norway ($X per unit) and Estonia ($X per unit), while the average price for exports to Uruguay ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Finland

In 2021, approx. X units of air conditioning machines were imported into Finland; growing by 42% against the previous year. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.1% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine imports skyrocketed to $X in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.4% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Sweden (X units) and China (X units) were the main suppliers of air conditioning machine imports to Finland, with a combined 62% share of total imports. Thailand, Italy, Poland, the Netherlands, Slovakia, Lithuania, Estonia and the Czech Republic lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +161.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Thailand ($X) constituted the largest air conditioning machine suppliers to Finland, with a combined 62% share of total imports. These countries were followed by Poland, China, the Netherlands, Italy, Lithuania, Slovakia, the Czech Republic and Estonia, which together accounted for a further 30%.

Slovakia, with a CAGR of +137.2%, recorded 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

The average air conditioning machine import price stood at $X per unit in 2021, declining by -8.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. Over the period under review, average import prices hit record highs 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 the Netherlands ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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