Finland: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Finland

The Finnish washing and drying machine market rose markedly to $X in 2021, with an increase of 13% 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). The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Household Washing and Drying Machines

Exports from Finland

In 2021, the amount of household washing and drying machines exported from Finland surged to X tons, rising by 15% on the previous year's figure. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 52% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, washing and drying machine exports surged to $X in 2021. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 88% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Denmark (X tons) and South Korea (X tons) were the main destinations of washing and drying machine exports from Finland, with a combined 82% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +43.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for washing and drying machine exported from Finland were Sweden ($X), South Korea ($X) and Denmark ($X), together comprising 68% of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of +42.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average washing and drying machine export price amounted to $X per ton, picking up by 3.1% against the previous year. Over the period under review, the export price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 24%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Household Washing and Drying Machines

Imports into Finland

In 2021, the amount of household washing and drying machines imported into Finland totaled X tons, increasing by 3.1% against the year before. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 9.4%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, washing and drying machine imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) constituted the largest washing and drying machine supplier to Finland, accounting for a 75% share of total imports. Moreover, washing and drying machine imports from Sweden exceeded the figures recorded by the second-largest supplier, Poland (X tons), tenfold. China (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-12.9% per year) and China (-13.5% per year).

In value terms, Sweden ($X) constituted the largest supplier of household washing and drying machines to Finland, comprising 82% of total imports. The second position in the ranking was held by Poland ($X), with a 4.8% share of total imports. It was followed by Italy, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-15.2% per year) and Italy (-14.0% per year).

Import Prices by Country

In 2021, the average washing and drying machine import price amounted to $X per ton, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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