Finland: Book Folding Machine Market 2024

Book Folding Machine Market Size in Finland

In 2022, the Finnish book folding machine market increased by 24% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a perceptible contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Book Folding Machine Production in Finland

In value terms, book folding machine production shrank slightly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 52%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Book Folding Machine Exports

Exports from Finland

In 2022, book folding machine exports from Finland plummeted to X units, shrinking by -73.8% against the previous year's figure. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 115% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, book folding machine exports shrank remarkably to $X in 2022. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 48%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units), the United States (X units) and Uzbekistan (X units) were the main destinations of book folding machine exports from Finland, together accounting for 56% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +32.1%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the UK ($X) and Uzbekistan ($X) constituted the largest markets for book folding machine exported from Finland worldwide, with a combined 39% share of total exports. The United States, Germany, Russia, Indonesia, Estonia, South Korea, Italy, Japan and India lagged somewhat behind, together comprising a further 39%.

Indonesia, with a CAGR of +19.4%, recorded the highest rates of growth with regard to 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 book folding machine export price amounted to $X per unit, with an increase of 79% against the previous year. Overall, the export price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 an increase of 121% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to India ($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 Indonesia (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Book Folding Machine Imports

Imports into Finland

In 2022, supplies from abroad of folding machines for books decreased by -48.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 188% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, book folding machine imports fell significantly to $X in 2022. In general, imports faced a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 382%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Belgium (X units) and Switzerland (X units) were the main suppliers of book folding machine imports to Finland, together comprising 69% of total imports. The United States, Germany, the UK, Norway, Japan and Sweden lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +10.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X), China ($X) and Belgium ($X) were the largest book folding machine suppliers to Finland, with a combined 67% share of total imports.

In terms of the main suppliers, China, with a CAGR of +13.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average book folding machine import price stood at $X per unit in 2022, dropping by -40.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 173%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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