Finland: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2024

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Finland

The Finnish digital data processing machine market reduced remarkably to $X in 2021, with a decrease of -25.9% against the previous year. In general, consumption continues to indicate a deep reduction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Digital Data Processing Machines: Presented In The Form Of Systems in Finland

In value terms, digital data processing machine production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 206% against the previous year. Digital data processing machine production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports from Finland

In 2021, overseas shipments of digital data processing machines: presented in the form of systems increased by 2.4% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, digital data processing machine exports skyrocketed to $X in 2021. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 53% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X units), China (X units) and the United States (X units) were the main destinations of digital data processing machine exports from Finland, together accounting for 54% of total exports. These countries were followed by Saudi Arabia, Norway, Italy, Latvia, Germany, Belgium, Malaysia, the UK, Russia and Sweden, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +56.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Estonia ($X) appeared to be the largest markets for digital data processing machine exported from Finland worldwide, with a combined 45% share of total exports. Saudi Arabia, Italy, Norway, Germany, Russia, Malaysia, the UK, Sweden, Belgium and Latvia lagged somewhat behind, together comprising a further 39%.

Malaysia, with a CAGR of +58.8%, saw the highest growth rate of the value of exports, in terms of 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 2021, the average digital data processing machine export price amounted to $X per unit, increasing by 30% against the previous year. Overall, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 54%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Latvia ($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 Russia (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into Finland

In 2021, imports of digital data processing machines: presented in the form of systems into Finland dropped sharply to X units, falling by -35.9% against 2020. Overall, imports faced a deep reduction. The pace of growth was the most pronounced in 2016 when imports increased by 29%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, digital data processing machine imports shrank to $X in 2021. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2018 with an increase of 30%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X units), Poland (X units) and the Netherlands (X units) were the main suppliers of digital data processing machine imports to Finland, together comprising 73% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +10.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X) constituted the largest supplier of digital data processing machines: presented in the form of systems to Finland, comprising 52% of total imports. The second position in the ranking was taken by Sweden ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+2.7% per year) and the Netherlands (+16.4% per year).

Import Prices by Country

The average digital data processing machine import price stood at $X per unit in 2021, surging by 37% against the previous year. Overall, the import price saw a resilient increase. The growth pace was the most rapid in 2017 when the average import price increased by 39% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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