Finland: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in Finland

In 2022, the Finnish market for air conditioning machines without refrigeration unit was finally on the rise to reach $X after four years of decline. Overall, consumption, however, recorded a abrupt slump. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Air conditioning Machines without Refrigeration Unit in Finland

In value terms, production of air conditioning machines without refrigeration unit surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt curtailment. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Finland

In 2022, the amount of air conditioning machines without refrigeration unit exported from Finland surged to X units, rising by 956% compared with the year before. In general, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of air conditioning machines without refrigeration unit skyrocketed to $X in 2022. Overall, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for exports of air conditioning machines without refrigeration unit from Finland, accounting for a 75% share of total exports. Moreover, exports of air conditioning machines without refrigeration unit to Germany exceeded the volume sent to the second major destination, Russia (X units), eightfold. The third position in this ranking was taken by Estonia (X units), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +132.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-16.0% per year) and Estonia (+27.2% per year).

In value terms, Germany ($X) emerged as the key foreign market for air conditioning machines without refrigeration unit exports from Finland, comprising 70% of total exports. The second position in the ranking was taken by Russia ($X), with an 8.2% share of total exports. It was followed by Latvia, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +129.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-13.4% per year) and Latvia (+52.1% per year).

Export Prices by Country

The average export price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2017 when the average export price increased by 36%. The export price peaked at $X per unit in 2014; however, from 2015 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 Saudi Arabia ($X per unit), while the average price for exports to Russia ($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 Saudi Arabia (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Finland

In 2022, approx. X units of air conditioning machines without refrigeration unit were imported into Finland; increasing by 19% on 2021. Overall, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 29%. Over the period under review, imports of attained the peak figure at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of air conditioning machines without refrigeration unit soared to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.5% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Lithuania (X units), Italy (X units) and the Czech Republic (X units) were the main suppliers of imports of air conditioning machines without refrigeration unit to Finland, with a combined 53% share of total imports. China, Sweden, the Netherlands, Turkey, Denmark and Germany lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +40.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Italy ($X) and Sweden ($X) appeared to be the largest air conditioning machins without refrigeration unit suppliers to Finland, with a combined 60% share of total imports. China, the Czech Republic, Germany, the Netherlands, Turkey and Denmark lagged somewhat behind, together accounting for a further 35%.

Among the main suppliers, Turkey, with a CAGR of +38.9%, recorded 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 import price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, reducing by -2.9% against the previous year. In general, the import price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform