Finland: Dairy Machinery Market 2024

Dairy Machinery Market Size in Finland

The Finnish dairy machinery market surged to $X in 2022, with an increase of 42% against the previous year. Overall, consumption, however, posted a remarkable increase. Dairy machinery consumption peaked in 2022 and is likely to see steady growth in years to come.

Dairy Machinery Production in Finland

In value terms, dairy machinery production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Dairy Machinery Exports

Exports from Finland

In 2022, dairy machinery exports from Finland fell markedly to X units, waning by -15.6% compared with the previous year. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 846%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, dairy machinery exports declined to $X in 2022. Over the period under review, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 408%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for dairy machinery exports from Finland, with a 64% share of total exports. Moreover, dairy machinery exports to Germany exceeded the volume sent to the second major destination, Kenya (X units), sixfold. The third position in this ranking was held by Colombia (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +77.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+1.1% per year) and Colombia (-9.2% per year).

In value terms, Germany ($X) emerged as the key foreign market for dairy machinery exports from Finland, comprising 51% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports. It was followed by Kenya, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +160.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+30.8% per year) and Kenya (+1.4% per year).

Export Prices by Country

In 2022, the average dairy machinery export price amounted to $X per unit, rising by 6.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 125% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Russia ($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 Germany (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Machinery Imports

Imports into Finland

In 2022, dairy machinery imports into Finland fell notably to X units, shrinking by -29.3% against the previous year's figure. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2014 when imports increased by 173%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, dairy machinery imports reduced notably to $X in 2022. Over the period under review, imports saw a pronounced contraction. The pace of growth was the most pronounced in 2014 when imports increased by 364%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Denmark (X units) constituted the largest supplier of dairy machinery to Finland, accounting for a 60% share of total imports. Moreover, dairy machinery imports from Denmark exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. Sweden (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+7.6% per year) and Sweden (-25.0% per year).

In value terms, Poland ($X), Denmark ($X) and Germany ($X) constituted the largest dairy machinery suppliers to Finland, with a combined 63% share of total imports.

Among the main suppliers, Poland, with a CAGR of +24.2%, saw the highest rates of growth with regard to 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

In 2022, the average dairy machinery import price amounted to $X per unit, which is down by -9.2% against the previous year. In general, the import price, however, saw slight growth. The growth pace was the most rapid in 2014 an increase of 70%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 Netherlands ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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