Finland: Resistor Market 2024

Resistor Market Size in Finland

In 2022, the Finnish resistor market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Resistor Production in Finland

In value terms, resistor production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Resistor Exports

Exports from Finland

In 2022, after four years of growth, there was significant decline in overseas shipments of electrical resistors (except heating resistors), when their volume decreased by X% to X units. Over the period under review, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, resistor exports rose modestly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X units), Estonia (X units) and India (X units) were the main destinations of resistor exports from Finland, with a combined X% share of total exports. Russia, the UK, the United States, Lithuania, Norway, Poland, Kazakhstan, the Netherlands and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for resistor exported from Finland were Estonia ($X), China ($X) and the United States ($X), with a combined X% share of total exports. Russia, the Netherlands, Norway, Kazakhstan, India, the UK, Germany, Poland and Lithuania lagged somewhat behind, together comprising a further X%.

Kazakhstan, with a CAGR of X%, 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 2022, the average resistor export price amounted to $X per thousand units, rising by X% against the previous year. Over the period under review, the export price recorded a slight increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per thousand units in 2017; however, from 2018 to 2022, 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 Germany ($X per thousand units), while the average price for exports to India ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Resistor Imports

Imports into Finland

In 2022, supplies from abroad of electrical resistors (except heating resistors) increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, resistor imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of resistor to Finland, accounting for a X% share of total imports. Moreover, resistor imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest resistor suppliers to Finland were Germany ($X), China ($X) and the United States ($X), with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, 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

In 2022, the average resistor import price amounted to $X per thousand units, waning by X% against the previous year. Over the period under review, the import price saw a deep contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked at $X per thousand units in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 United States ($X per thousand units), while the price for Israel ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform

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