Finland: Concrete Mixer Market 2024

Concrete Mixer Market Size in Finland

The Finnish concrete mixer market soared to $X in 2021, jumping by 25% against the previous year. The market value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Concrete Mixer Production in Finland

In value terms, concrete mixer production expanded notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 389%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Concrete Mixer Exports

Exports from Finland

In 2021, after two years of growth, there was significant decline in shipments abroad of concrete or mortar mixers, when their volume decreased by -50.3% to X units. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 187% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, concrete mixer exports reduced rapidly to $X in 2021. In general, exports showed a pronounced contraction. The growth pace was the most rapid in 2013 with an increase of 119% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for concrete mixer exports from Finland, accounting for a 66% share of total exports. Moreover, concrete mixer exports to Norway exceeded the volume sent to the second major destination, Poland (X units), fourfold. The third position in this ranking was taken by China (X units), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway totaled +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+28.2% per year) and China (+33.1% per year).

In value terms, Norway ($X) emerged as the key foreign market for concrete or mortar mixers exports from Finland, comprising 67% of total exports. The second position in the ranking was held by Poland ($X), with an 11% share of total exports. It was followed by China, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Norway stood at +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+27.1% per year) and China (+28.9% per year).

Export Prices by Country

The average concrete mixer export price stood at $X per unit in 2021, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sweden ($X per unit), while the average price for exports to Poland ($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 South Korea (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Mixer Imports

Imports into Finland

In 2021, approx. X units of concrete or mortar mixers were imported into Finland; reducing by -50.2% against the previous year. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 63%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, concrete mixer imports declined markedly to $X in 2021. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by 75%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and Denmark (X units) were the main suppliers of concrete mixer imports to Finland, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +10.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of concrete or mortar mixers to Finland, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Denmark, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.0% per year) and Denmark (+8.8% per year).

Import Prices by Country

In 2021, the average concrete mixer import price amounted to $X per unit, which is down by -10.1% against the previous year. In general, the import price recorded a slight slump. The pace of growth was the most pronounced in 2018 an increase of 29%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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