Finland: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Finland

In 2022, the Finnish appliance part brush market increased by 12% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +32.8% against 2020 indices. Appliance part brush consumption peaked in 2022 and is likely to see gradual growth in the near future.

Appliance Part Brush Production in Finland

In value terms, appliance part brush production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild descent. The most prominent rate of growth was recorded in 2014 with an increase of 75%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Appliance Part Brush Exports

Exports from Finland

For the fourth year in a row, Finland recorded decline in shipments abroad of brushes constituting parts of appliances, which decreased by -6.5% to X units in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 34%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, appliance part brush exports stood at $X in 2022. Overall, exports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2014 when exports increased by 36%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for appliance part brush exports from Finland, accounting for a 51% share of total exports. Moreover, appliance part brush exports to Sweden exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.6% per year) and Italy (+50.0% per year).

In value terms, Sweden ($X), the United States ($X) and Germany ($X) were the largest markets for appliance part brush exported from Finland worldwide, with a combined 60% share of total exports. Italy, Estonia, Russia and Japan lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, Japan, with a CAGR of +152.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average appliance part brush export price stood at $X per unit in 2022, with an increase of 19% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, appliance part brush export price increased by +88.9% against 2015 indices. The most prominent rate of growth was recorded in 2021 an increase of 28%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Japan ($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 Russia (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Appliance Part Brush Imports

Imports into Finland

After four years of decline, overseas purchases of brushes constituting parts of appliances increased by 22% to X units in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 46%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, appliance part brush imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 22%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Estonia (X units) constituted the largest supplier of appliance part brush to Finland, accounting for a 69% share of total imports. Moreover, appliance part brush imports from Estonia exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. China (X units) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from Estonia totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.6% per year) and China (+6.9% per year).

In value terms, the largest appliance part brush suppliers to Finland were Estonia ($X), Germany ($X) and China ($X), with a combined 71% share of total imports.

Among the main suppliers, Estonia, with a CAGR of +8.3%, saw the highest growth rate of 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 appliance part brush import price stood at $X per unit in 2022, waning by -14.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained 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 the United States ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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