Report Update Nov 1, 2024

Finland - Honing or Lapping Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Finland

The Finnish metal honing machine market fell notably to $X in 2021, waning by -42.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a sharp decrease. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Metal Honing Machine Exports

Exports from Finland

In 2019, the amount of honing or lapping machines for working metal exported from Finland fell remarkably to X units, waning by -93.2% on the previous year. In general, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2016 with an increase of 90%. Over the period under review, the exports hit record highs at X units in 2018, and then dropped rapidly in the following year.

In value terms, metal honing machine exports contracted rapidly to $X in 2019. Over the period under review, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2016 with an increase of 103% against the previous year. The exports peaked at $X in 2018, and then declined markedly in the following year.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2012 to 2021, the average annual growth rate of value to No country was relatively modest.

Export Prices by Country

The average metal honing machine export price stood at $X per unit in 2019, jumping by 49% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 75%. The export price peaked at $X per unit in 2012; however, from 2013 to 2019, the 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 Russia ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Honing Machine Imports

Imports into Finland

For the fourth consecutive year, Finland recorded decline in overseas purchases of honing or lapping machines for working metal, which decreased by -18.9% to X units in 2021. In general, imports recorded a sharp decrease. The growth pace was the most rapid in 2017 when imports increased by 140% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal honing machine imports dropped remarkably to $X in 2021. Over the period under review, imports showed a sharp downturn. The pace of growth appeared the most rapid in 2014 with an increase of 103% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the UK (X units) and Denmark (X units) were the main suppliers of metal honing machine imports to Finland, together accounting for 77% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of honing or lapping machines for working metal to Finland, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.9% per year) and Germany (+64.3% per year).

Import Prices by Country

The average metal honing machine import price stood at $X per unit in 2021, dropping by -75.4% against the previous year. In general, the import price recorded a abrupt decline. The growth pace was the most rapid in 2018 when the average import price increased by 89%. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then shrank sharply in the following year.

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 Denmark ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+23.7%), 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 honing or lapping machines for working metal in the world?

The country with the largest volume of metal honing machine consumption was the United States, accounting for 30% of total volume. Moreover, metal honing machine consumption in the United States exceeded the figures recorded by the second-largest consumer, Italy, threefold. The third position in this ranking was occupied by Japan, with an 8.3% share.

What are the largest producers of honing or lapping machines for working metal in the world?

The United States constituted the country with the largest volume of metal honing machine production, comprising approx. 41% of total volume. Moreover, metal honing machine production in the United States exceeded the figures recorded by the second-largest producer, Japan, threefold. The third position in this ranking was occupied by Taiwan Chinese), with a 12% share.

What are the leading suppliers of honing or lapping machines for working metal to Finland?

In value terms, Denmark constituted the largest supplier of metal honing machine to Finland, comprising 41% of total imports. The second position in the ranking was occupied by China, with a 17% share of total imports. It was followed by Germany, with a 16% share.

What are the leading importers of honing or lapping machines for working metal from Finland?

In value terms, Hungary $646) remains the key foreign market for metal honing machine exports from Finland, comprising 8.7% of total exports. The second position in the ranking was occupied by Slovakia $103), with a 1.4% share of total exports.

What is the average export price for honing or lapping machines for working metal in Finland?

In 2019, the average metal honing machine export price amounted to $4,020 per unit, reducing by -9.9% against the previous year.

What is the average import price for honing or lapping machines for working metal in Finland?

The average metal honing machine import price stood at $884 per unit in 2021, reducing by -80.2% against the previous year.

This report provides an in-depth analysis of the metal honing 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 28412385 - Honing or lapping machines for working metal

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