Finland: Metal Broaching Machine Market 2025

Metal Broaching Machine Market Size in Finland

After two years of decline, the Finnish metal broaching machine market increased by 62% to $X in 2021. Over the period under review, consumption continues to indicate significant growth. Metal broaching machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Broaching Machine Production in Finland

In value terms, metal broaching machine production rose to $X in 2021 estimated in export price. Overall, production saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 54%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Metal Broaching Machine Exports

Exports from Finland

In 2021, the amount of broaching machines for working metal exported from Finland contracted significantly to X units, which is down by -65.5% compared with the previous year. Overall, exports faced a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 600%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal broaching machine exports reduced dramatically to $X in 2021. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 479%. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Germany (X units), Israel (X units) and Hong Kong SAR (X units) were the main destinations of metal broaching machine exports from Finland, with a combined 80% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +112.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Israel ($X) and Hong Kong SAR ($X) were the largest markets for metal broaching machine exported from Finland worldwide, together accounting for 89% of total exports.

Israel, with a CAGR of +42.7%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average metal broaching machine export price stood at $X per unit in 2021, remaining constant against the previous year. In general, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 456% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to China ($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 Switzerland (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into Finland

Metal broaching machine imports into Finland reduced notably to X units in 2021, declining by -66.7% against the previous year. In general, imports continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2017 when imports increased by 860% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, metal broaching machine imports fell rapidly to $X in 2021. Over the period under review, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 4,148% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) was the main metal broaching machine supplier to Finland, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest.

In value terms, Germany ($X) constituted the largest supplier of broaching machines for working metal to Finland.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +15.6%.

Import Prices by Country

The average metal broaching machine import price stood at $X per unit in 2021, with a decrease of -96.2% against the previous year. Over the period under review, the import price, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 4,005% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank sharply in the following year.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Denmark amounted to +160.9% per year.

Source: IndexBox Platform

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