Report Update Nov 1, 2024

Finland - Gear Cutting, Gear Grinding or Gear Finishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Finland

In 2021, the Finnish gear cutting machine market decreased by -90.9% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced sharply in the following year.

Gear Cutting Machine Production in Finland

In value terms, gear cutting machine production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt shrinkage. Gear cutting machine production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Gear Cutting Machine Exports

Exports from Finland

In 2021, after three years of growth, there was significant decline in shipments abroad of gear cutting, gear grinding or gear finishing machines, when their volume decreased by -75% to X units. In general, exports continue to indicate a precipitous decline. The growth pace was the most rapid in 2016 with an increase of 200%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, gear cutting machine exports reduced remarkably to $X in 2021. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 75,700% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for gear cutting machine exports from Finland, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for gear cutting, gear grinding or gear finishing machines exports from Finland.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +5.4%.

Export Prices by Country

The average gear cutting machine export price stood at $X per unit in 2021, shrinking by -82.7% against the previous year. In general, the export price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 27,240% against the previous year. The export price peaked at $X per unit in 2020, and then shrank notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -1.8% per year.

Gear Cutting Machine Imports

Imports into Finland

Gear cutting machine imports into Finland soared to X units in 2021, increasing by 83% against 2020. Over the period under review, imports, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2014 with an increase of 7,600% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, gear cutting machine imports surged to $X in 2021. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 40,098%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Germany (X units) was the main gear cutting machine supplier to Finland, with a 91% share of total imports. Moreover, gear cutting machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), tenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +8.0%.

In value terms, Germany ($X) constituted the largest supplier of gear cutting, gear grinding or gear finishing machines to Finland, comprising 99.9% of total imports. The second position in the ranking was taken by China ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +14.3%.

Import Prices by Country

In 2021, the average gear cutting machine import price amounted to $X per unit, jumping by 18% against the previous year. In general, the import price showed significant growth. The growth pace was the most rapid in 2013 an increase of 7,154%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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 Germany ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+40.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gear cutting, gear grinding or gear finishing machines in the world?

The countries with the highest volumes of gear cutting machine consumption in 2021 were Switzerland, China and Japan, with a combined 63% share of global consumption. Estonia, Mexico, Germany, the Netherlands, South Africa and the United States lagged somewhat behind, together comprising a further 23%.

What are the largest producers of gear cutting, gear grinding or gear finishing machines in the world?

The countries with the highest volumes of gear cutting machine production in 2021 were Switzerland, China and Germany, with a combined 70% share of global production.

What are the leading suppliers of gear cutting, gear grinding or gear finishing machines to Finland?

In value terms, Germany constituted the largest supplier of gear cutting machine to Finland.

What are the leading importers of gear cutting, gear grinding or gear finishing machines from Finland?

In value terms, the largest markets for gear cutting machine exported from Finland were Canada, the Netherlands and Latvia.

What is the average export price for gear cutting, gear grinding or gear finishing machines in Finland?

In 2021, the average gear cutting machine export price amounted to $2,564 per unit, with a decrease of -84.3% against the previous year.

What is the average import price for gear cutting, gear grinding or gear finishing machines in Finland?

The average gear cutting machine import price stood at $20,659 per unit in 2021, shrinking by -11.3% against the previous year.

This report provides an in-depth analysis of the gear cutting machine market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28412430 - Gear cutting, gear grinding or gear finishing machines, for working metals, metal carbides or cermets (excluding planing, s lotting and broaching machines)

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023