Finland: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Finland

The Finnish market for instrument panel and wall clocks fell significantly to $X in 2020, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from Finland

In 2020, overseas shipments of instrument panel and wall clocks were finally on the rise to reach X tons after two years of decline. In general, exports showed a relatively flat trend pattern. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, instrument panel and wall clock exports soared to $X in 2020. Overall, exports continue to indicate a perceptible expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X tons) was the main destination for instrument panel and wall clock exports from Finland, with a X% share of total exports. Moreover, instrument panel and wall clock exports to Estonia exceeded the volume sent to the second major destination, Latvia (X tons), threefold. Sweden (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Estonia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+X% per year) and Sweden (+X% per year).

In value terms, the largest markets for instrument panel and wall clock exported from Finland were Ukraine ($X), Estonia ($X) and Russia ($X), with a combined X% share of total exports.

Ukraine (+X% per year) recorded 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 2020, the average export price for instrument panel and wall clocks amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a slight increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, instrument panel and wall clock export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs in 2020 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Instrument Panel And Wall Clocks

Imports into Finland

For the third consecutive year, Finland recorded decline in supplies from abroad of instrument panel and wall clocks, which decreased by -X% to X tons in 2020. Overall, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Imports peaked at X tons in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, instrument panel and wall clock imports contracted remarkably to $X in 2020. In general, imports showed a perceptible downturn. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

China (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of instrument panel and wall clock imports to Finland, together accounting for X% of total imports. These countries were followed by the Netherlands and Poland, which together accounted for a further X 2007 to 2020, the biggest increases were in Poland (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and China ($X) appeared to be the largest instrument panel and wall clock suppliers to Finland, together accounting for X% of total imports. The Netherlands and Poland lagged somewhat behind, together comprising a further X (+X% per year) 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 mixed trend patterns.

Import Prices by Country

The average import price for instrument panel and wall clocks stood at $X per ton in 2020, dropping by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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