Finland: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2025

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Finland

In 2022, the Finnish geometrical quantities electronic measurer market decreased by -0.9% to $X, falling for the second year in a row after two years of growth. In general, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Finland

In value terms, geometrical quantities electronic measurer production contracted modestly to $X in 2022 estimated in export price. Overall, production enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 342% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Finland

In 2022, geometrical quantities electronic measurer exports from Finland reduced to X units, with a decrease of -7.9% compared with the previous year's figure. In general, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 39% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, geometrical quantities electronic measurer exports shrank to $X in 2022. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.6% against 2019 indices. The pace of growth was the most pronounced in 2018 when exports increased by 27%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), the United States (X units) and Russia (X units) were the main destinations of geometrical quantities electronic measurer exports from Finland, with a combined 46% share of total exports. Brazil, India, Sweden, Mexico, Germany, the UK, Japan, Oman, Indonesia and Canada lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +30.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Japan ($X) were the largest markets for geometrical quantities electronic measurer exported from Finland worldwide, together comprising 46% of total exports. Mexico, Germany, Russia, the UK, Sweden, India, Indonesia, Brazil, Canada and Oman lagged somewhat behind, together accounting for a further 22%.

In terms of the main countries of destination, India, with a CAGR of +21.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, dropping by -7.3% against the previous year. Overall, the export price showed a noticeable downturn. The growth pace was the most rapid in 2016 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Oman ($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 (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Finland

In 2022, the amount of electronic instruments and machines for measuring geometrical quantities imported into Finland fell to X units, waning by -11.1% on 2021 figures. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 18% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer imports contracted modestly to $X in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.3% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 56%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and the United States (X units) were the main suppliers of geometrical quantities electronic measurer imports to Finland, with a combined 57% share of total imports. Italy, Thailand, Estonia, Romania and Sweden lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +157.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to Finland, comprising 32% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by the United States, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.4% per year) and the United States (+1.9% per year).

Import Prices by Country

The average geometrical quantities electronic measurer import price stood at $X per unit in 2022, surging by 11% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, geometrical quantities electronic measurer import price decreased by -6.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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