Finland: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Finland

The Finnish hand-operated air pump market declined to $X in 2022, falling by -14.3% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +34.5% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2021, and then shrank in the following year.

Hand-Operated Air Pump Production in Finland

In value terms, hand-operated air pump production dropped dramatically to $X in 2022 estimated in export price. Overall, production, however, posted temperate growth. The most prominent rate of growth was recorded in 2019 with an increase of 245% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Hand-Operated Air Pump Exports

Exports from Finland

In 2022, the amount of hand or foot-operated air pumps exported from Finland declined significantly to X units, with a decrease of -24.8% compared with 2021. Overall, exports, however, showed a tangible increase. The pace of growth was the most pronounced in 2018 when exports increased by 54%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hand-operated air pump exports declined to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +1.1% against 2018 indices. The growth pace was the most rapid in 2014 when exports increased by 32% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Russia (X units), the United States (X units) and the UK (X units) were the main destinations of hand-operated air pump exports from Finland, together comprising 38% of total exports. India, Switzerland, Sweden, Germany, the Netherlands, the United Arab Emirates, Italy, Australia, France and Poland lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +45.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand-operated air pump exported from Finland were the UK ($X), the United States ($X) and Sweden ($X), together accounting for 31% of total exports. India, Germany, the United Arab Emirates, France, the Netherlands, Australia, Italy, Poland, Russia and Switzerland lagged somewhat behind, together accounting for a further 33%.

The United Arab Emirates, with a CAGR of +51.9%, saw the highest growth rate of 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

The average hand-operated air pump export price stood at $X per unit in 2022, rising by 20% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand-operated air pump export price increased by +114.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 60% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Russia ($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 the United Arab Emirates (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Operated Air Pump Imports

Imports into Finland

In 2022, after three years of growth, there was significant decline in supplies from abroad of hand or foot-operated air pumps, when their volume decreased by -16.4% to X units. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, imports reached the peak of X units, and then declined sharply in the following year.

In value terms, hand-operated air pump imports shrank to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +35.6% against 2014 indices. The pace of growth was the most pronounced in 2014 when imports increased by 20% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand-operated air pump to Finland, accounting for a 61% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. The third position in this ranking was taken by Sweden (X units), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.5% per year) and Sweden (+2.2% per year).

In value terms, China ($X) constituted the largest supplier of hand or foot-operated air pumps to Finland, comprising 53% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 25% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.0% per year) and Germany (+1.7% per year).

Import Prices by Country

The average hand-operated air pump import price stood at $X per unit in 2022, with an increase of 5.2% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 22%. Over the period under review, average import prices reached the maximum 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 Germany ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+34.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :