Finland: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Finland

The Finnish stone polishing machine market declined to $X in 2022, which is down by -10.7% against the previous year. In general, consumption, however, showed a pronounced increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Stone Polishing Machine Production in Finland

In value terms, stone polishing machine production dropped to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 11% against the previous year. Stone polishing machine production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Stone Polishing Machine Exports

Exports from Finland

In 2022, overseas shipments of grinding or polishing machines for working stone, ceramics and concrete decreased by -31.3% to X units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 381% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, stone polishing machine exports shrank significantly to $X in 2022. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 273%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for stone polishing machine exports from Finland, accounting for a 48% share of total exports. Moreover, stone polishing machine exports to Sweden exceeded the volume sent to the second major destination, Latvia (X units), threefold. Germany (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-9.0% per year) and Germany (-15.1% per year).

In value terms, Sweden ($X), Germany ($X) and Russia ($X) constituted the largest markets for stone polishing machine exported from Finland worldwide, together comprising 74% of total exports.

Sweden, with a CAGR of +37.9%, recorded the highest growth rate of the value of exports, among 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

The average stone polishing machine export price stood at $X per unit in 2022, declining by -11.6% against the previous year. In general, the export price showed a noticeable setback. The pace of growth was the most pronounced in 2016 an increase of 301% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Sweden ($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 (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Finland

Stone polishing machine imports into Finland dropped sharply to X units in 2022, waning by -39.4% compared with 2021. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 242% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, stone polishing machine imports declined remarkably to $X in 2022. In general, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 186% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X units), China (X units) and Austria (X units) were the main suppliers of stone polishing machine imports to Finland, together comprising 62% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +62.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Austria ($X) and Sweden ($X) appeared to be the largest stone polishing machine suppliers to Finland, together accounting for 59% of total imports. Bulgaria, Germany, Denmark, Italy, the Czech Republic and Japan lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +109.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2022, declining by -32.6% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 71%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+42.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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