Finland: Breathing Appliances Market 2024

Breathing Appliances Market Size in Finland

The Finnish breathing appliances market fell to $X in 2022, dropping by -7.1% against the previous year. Overall, consumption posted a strong expansion. As a result, consumption reached the peak level of $X, and then fell in the following year.

Breathing Appliances Production in Finland

In value terms, breathing appliances production contracted to $X in 2022 estimated in export price. In general, production recorded a deep slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 7%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Breathing Appliances Exports

Exports from Finland

In 2022, shipments abroad of breathing appliances and gas masks was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, saw a sharp setback. The pace of growth was the most pronounced in 2017 with an increase of 35%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, breathing appliances exports soared to $X in 2022. In general, exports, however, saw a sharp decline. The most prominent rate of growth was recorded in 2018 with an increase of 66%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for breathing appliances exports from Finland, with a 43% share of total exports. Moreover, breathing appliances exports to the UK exceeded the volume sent to the second major destination, Australia (X units), twofold. The third position in this ranking was taken by Estonia (X units), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to -26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-14.9% per year) and Estonia (-6.4% per year).

In value terms, the UK ($X), Sweden ($X) and the Netherlands ($X) constituted the largest markets for breathing appliances exported from Finland worldwide, together comprising 31% of total exports. Norway, Poland, Australia, the United States, France, Estonia, Germany, Latvia and Serbia lagged somewhat behind, together accounting for a further 44%.

Serbia, with a CAGR of +26.1%, 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 breathing appliances export price amounted to $X per unit, surging by 5.9% against the previous year. Overall, the export price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 271%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the UK ($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 the Netherlands (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Breathing Appliances Imports

Imports into Finland

Breathing appliances imports into Finland surged to X units in 2022, growing by 44% compared with the previous year. Overall, imports showed a strong increase. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, breathing appliances imports soared to $X in 2022. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 64%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of breathing appliances to Finland, with a 73% share of total imports. Moreover, breathing appliances imports from the UK exceeded the figures recorded by the second-largest supplier, Sweden (X units), more than tenfold. China (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-8.0% per year) and China (+30.6% per year).

In value terms, the UK ($X) constituted the largest supplier of breathing appliances and gas masks to Finland, comprising 64% of total imports. The second position in the ranking was held by Poland ($X), with an 8.1% share of total imports. It was followed by the United States, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+38.8% per year) and the United States (-1.7% per year).

Import Prices by Country

In 2022, the average breathing appliances import price amounted to $X per unit, waning by -15.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Poland ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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