Finland: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Finland

In 2021, the Finnish market for electro-thermic appliances or domestic purposes increased by 48% to $X, rising for the sixth year in a row after three years of decline. Over the period under review, consumption recorded strong growth. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the immediate term.

Production of Electro-Thermic Appliances Or Domestic Purposes in Finland

In value terms, electro-thermic appliances or domestic purposes production reached $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 323% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Finland

In 2021, overseas shipments of electro-thermic appliances or domestic purposes increased by 163% to X units, rising for the third year in a row after two years of decline. In general, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes exports soared to $X in 2021. Over the period under review, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Finland, accounting for a 66% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Sweden exceeded the volume sent to the second major destination, Estonia (X units), fourfold. The third position in this ranking was taken by Russia (X units), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +34.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+12.1% per year) and Russia (-0.5% per year).

In value terms, Sweden ($X) emerged as the key foreign market for electro-thermic appliances or domestic purposes exports from Finland, comprising 46% of total exports. The second position in the ranking was taken by Russia ($X), with a 9.2% share of total exports. It was followed by Estonia, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+2.6% per year) and Estonia (+15.4% per year).

Export Prices by Country

In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, reducing by -33.2% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 55% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Estonia ($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 India (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Finland

In 2021, approx. X units of electro-thermic appliances or domestic purposes were imported into Finland; increasing by 47% against the previous year's figure. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 88%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, electro-thermic appliances or domestic purposes imports soared to $X in 2021. In general, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Sweden (X units) and Germany (X units) were the main suppliers of electro-thermic appliances or domestic purposes imports to Finland, together comprising 88% of total imports. Taiwan (Chinese), Poland and Denmark lagged somewhat behind, together comprising a further 8.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +49.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electro-thermic appliances or domestic purposes suppliers to Finland were China ($X), Sweden ($X) and Germany ($X), together accounting for 84% of total imports. These countries were followed by Poland, Taiwan (Chinese) and Denmark, which together accounted for a further 6.5%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +30.4%, recorded the highest growth rate of 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

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, surging by 4.6% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2016 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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