Finland: Electronic Chip Market 2025

Electronic Chip Market Size in Finland

The Finnish electronic chip market surged to $X in 2021, jumping by 64% against the previous year. In general, consumption continues to indicate a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electronic Chip Production in Finland

In value terms, electronic chip production declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 81% against the previous year. Electronic chip production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Electronic Chip Exports

Exports from Finland

In 2021, shipments abroad of electronic chips was finally on the rise to reach X units after three years of decline. Overall, exports recorded a relatively flat trend pattern. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, electronic chip exports soared to $X in 2021. In general, exports enjoyed resilient growth. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units) was the main destination for electronic chip exports from Finland, accounting for a 36% share of total exports. Moreover, electronic chip exports to Vietnam exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was taken by India (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled +116.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.8% per year) and India (+4.8% per year).

In value terms, the largest markets for electronic chip exported from Finland were Vietnam ($X), India ($X) and China ($X), with a combined 84% share of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +195.2%, saw the highest growth rate of 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

In 2021, the average electronic chip export price amounted to $X per unit, picking up by 10% against the previous year. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Sweden ($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 Mexico (+43.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Finland

Electronic chip imports into Finland skyrocketed to X units in 2021, increasing by 29% against the previous year's figure. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic chip imports surged to $X in 2021. Overall, imports enjoyed resilient growth. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest electronic chip supplier to Finland, accounting for a 45% share of total imports. Moreover, electronic chip imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.3% per year) and Germany (+22.4% per year).

In value terms, Malaysia ($X), China ($X) and the Netherlands ($X) appeared to be the largest electronic chip suppliers to Finland, with a combined 63% share of total imports. These countries were followed by Taiwan (Chinese), Germany, the United States, Sweden, Belgium, the Czech Republic and Estonia, which together accounted for a further 26%.

Belgium, with a CAGR of +71.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electronic chip import price stood at $X per unit in 2021, increasing by 60% against the previous year. In general, the import price continues to indicate a resilient increase. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Malaysia ($X per unit), while the price for Estonia ($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 Czech Republic (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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