Finland: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Finland

The Finnish market for electric burglar or fire alarms and similar apparatus declined modestly to $X in 2021, with a decrease of -2% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced modestly in the following year.

Production of Electric Burglar Or Fire Alarms And Similar Apparatus in Finland

In value terms, electric burglar or fire alarm production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 151% against the previous year. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in years to come.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Finland

Electric burglar or fire alarm exports from Finland surged to X units in 2021, growing by 17% on the previous year's figure. Over the period under review, total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -30.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 31% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric burglar or fire alarm exports soared to $X in 2021. The total export value increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 30%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X units) was the main destination for electric burglar or fire alarm exports from Finland, with a 46% share of total exports. Moreover, electric burglar or fire alarm exports to Sweden exceeded the volume sent to the second major destination, Denmark (X units), twofold. The third position in this ranking was held by the UK (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+4.7% per year) and the UK (+33.0% per year).

In value terms, Sweden ($X) remains the key foreign market for electric burglar or fire alarms and similar apparatus exports from Finland, comprising 49% of total exports. The second position in the ranking was held by the UK ($X), with a 16% share of total exports. It was followed by Denmark, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+21.9% per year) and Denmark (+8.4% per year).

Export Prices by Country

In 2021, the average export price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2020 an increase of 54%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Norway ($X per unit), while the average price for exports to Estonia ($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 Norway (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Finland

In 2021, overseas purchases of electric burglar or fire alarms and similar apparatus were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, electric burglar or fire alarm imports stood at $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 42% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Sweden (X units) constituted the largest electric burglar or fire alarm supplier to Finland, with a 35% share of total imports. Moreover, electric burglar or fire alarm imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.4% per year) and the Netherlands (+24.2% per year).

In value terms, Sweden ($X) constituted the largest supplier of electric burglar or fire alarms and similar apparatus to Finland, comprising 35% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+31.5% per year) and Italy (-1.5% per year).

Import Prices by Country

The average import price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2021, falling by -1.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2020 an increase of 58% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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