Finland: Files And Rasps Market 2024

Files And Rasps Exports

Exports from Finland

In 2022, overseas shipments of files, rasps and similar tools decreased by -6.7% to X units, falling for the sixth consecutive year after two years of growth. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2013 when exports increased by 12% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, files and rasps exports declined to $X in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 51% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Estonia (X units), Norway (X units) and the Netherlands (X units) were the main destinations of files and rasps exports from Finland, together comprising 62% of total exports. These countries were followed by Sweden, Lithuania, the United States, Latvia, China, Germany, France, Uruguay and Russia, which together accounted for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +80.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Norway ($X) and the Netherlands ($X) constituted the largest markets for files and rasps exported from Finland worldwide, together comprising 55% of total exports. Sweden, Lithuania, Latvia, the United States, France, Uruguay, Germany, China and Russia lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Uruguay, with a CAGR of +92.2%, 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

In 2022, the average files and rasps export price amounted to $X per unit, surging by 2.1% against the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 40%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to China ($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 Latvia (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Files And Rasps Imports

Imports into Finland

After two years of growth, purchases abroad of files, rasps and similar tools decreased by -22.1% to X units in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, imports attained the peak of X units, and then fell markedly in the following year.

In value terms, files and rasps imports shrank remarkably to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.9% against 2015 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 24%. Over the period under review, imports reached the maximum at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest files and rasps supplier to Finland, accounting for a 37% share of total imports. Moreover, files and rasps imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by the UK (X units), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.2% per year) and the UK (+7.4% per year).

In value terms, the largest files and rasps suppliers to Finland were Germany ($X), Ireland ($X) and China ($X), with a combined 53% share of total imports.

Ireland, with a CAGR of +91.5%, recorded 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

In 2022, the average files and rasps import price amounted to $X per unit, surging by 8.3% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, files and rasps import price increased by +48.3% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :