Finland: Vapour Power Unit Market 2024

Vapour Power Unit Market Size in Finland

In 2021, the Finnish vapour power unit market increased by 1.6% to $X, rising for the second year in a row after three years of decline. In general, consumption continues to indicate significant growth. Vapour power unit consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Vapour Power Unit Production in Finland

In value terms, vapour power unit production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. Vapour power unit production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Vapour Power Unit Exports

Exports from Finland

In 2021, shipments abroad of condensers for steam or other vapour power units increased by 118% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, showed a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 171%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, vapour power unit exports soared to $X in 2021. Overall, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uruguay (X kg), Latvia (X kg) and Canada (X kg) were the main destinations of vapour power unit exports from Finland, together accounting for 50% of total exports.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +263.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and Canada ($X) constituted the largest markets for vapour power unit exported from Finland worldwide, together comprising 60% of total exports.

Canada, with a CAGR of +105.0%, 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

The average vapour power unit export price stood at $X per ton in 2021, with a decrease of -17.4% against the previous year. Over the period under review, the export price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 668% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Uruguay ($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 Germany (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vapour Power Unit Imports

Imports into Finland

In 2021, supplies from abroad of condensers for steam or other vapour power units increased by 26% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate measured growth. The pace of growth appeared the most rapid in 2015 when imports increased by 1,473%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, vapour power unit imports skyrocketed to $X in 2021. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,625% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of vapour power unit to Finland, accounting for a 52% share of total imports. Moreover, vapour power unit imports from Denmark exceeded the figures recorded by the second-largest supplier, Norway (X tons), twofold. France (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark totaled +115.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+69.1% per year) and France (-9.1% per year).

In value terms, Denmark ($X) constituted the largest supplier of vapour power unit to Finland, comprising 63% of total imports. The second position in the ranking was taken by France ($X), with a 15% share of total imports. It was followed by Norway, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Denmark stood at +120.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.7% per year) and Norway (+145.5% per year).

Import Prices by Country

The average vapour power unit import price stood at $X per ton in 2021, rising by 142% against the previous year. Overall, the import price showed a notable increase. The most prominent rate of growth was recorded in 2018 an increase of 749% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+45.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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