Finland: Computing Machinery Market 2024

Computing Machinery Market Size in Finland

The Finnish computing machinery market skyrocketed to $X in 2021, growing by 24% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Computing Machinery Production in Finland

In value terms, computing machinery production totaled $X in 2021 estimated in export price. In general, production, however, saw a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 25%. Computing machinery production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Computing Machinery Exports

Exports from Finland

In 2021, approx. X tons of computing machinery and parts and accessories thereof were exported from Finland; growing by 3.6% on 2020. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when exports increased by 32% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, computing machinery exports soared to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for computing machinery exports from Finland, with a 19% share of total exports. Moreover, computing machinery exports to Russia exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Sweden (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.1% per year) and Sweden (-10.4% per year).

In value terms, Russia ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from Finland, comprising 24% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total exports. It was followed by Sweden, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+10.2% per year) and Sweden (-1.9% per year).

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, picking up by 32% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Finland

In 2021, overseas purchases of computing machinery and parts and accessories thereof increased by 8.8% to X tons, rising for the second consecutive year after five years of decline. Overall, imports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2020 when imports increased by 13% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, computing machinery imports surged to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of computing machinery imports to Finland, with a combined 49% share of total imports. These countries were followed by the Philippines, China, Poland, Estonia, Indonesia, the Czech Republic, the UK, Japan and Vietnam, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +46.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Sweden ($X) were the largest computing machinery suppliers to Finland, with a combined 63% share of total imports.

The Netherlands, with a CAGR of +25.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average computing machinery import price stood at $X per ton in 2021, increasing by 13% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, computing machinery import price decreased by -7.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, 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 Vietnam ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+42.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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