Finland: Hydraulic Press Market 2024

Hydraulic Press Market Size in Finland

In 2022, the Finnish hydraulic press market decreased by -9.8% to $X for the first time since 2014, thus ending a seven-year rising trend. In general, consumption, however, enjoyed a significant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Hydraulic Press Production in Finland

In value terms, hydraulic press production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.8% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 62%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Hydraulic Press Exports

Exports from Finland

Hydraulic press exports from Finland reduced to X units in 2022, shrinking by -10.6% against 2021. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, hydraulic press exports dropped to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Russia (X units), China (X units) and France (X units) were the main destinations of hydraulic press exports from Finland, together comprising 36% of total exports. Germany, the United States, Norway, the Netherlands, Belgium, Denmark, Sweden, Estonia, Spain and Italy lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +8.2%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Russia ($X) and the United States ($X) appeared to be the largest markets for hydraulic press exported from Finland worldwide, together comprising 39% of total exports. Italy, Germany, France, Sweden, Spain, Norway, the Netherlands, Denmark, Belgium and Estonia lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Italy, with a CAGR of +17.3%, saw 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

The average hydraulic press export price stood at $X per unit in 2022, leveling off at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 9.8%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Estonia ($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 Italy (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Press Imports

Imports into Finland

In 2022, hydraulic press imports into Finland skyrocketed to X units, with an increase of 41% compared with 2021. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 66%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic press imports declined remarkably to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 254% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic press supplier to Finland, with a 66% share of total imports. Moreover, hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Sweden (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+22.6% per year) and Sweden (+57.8% per year).

In value terms, Sweden ($X) constituted the largest supplier of hydraulic presses for working metal to Finland, comprising 46% of total imports. The second position in the ranking was taken by Italy ($X), with a 21% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at +48.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.4% per year) and China (-1.4% per year).

Import Prices by Country

In 2022, the average hydraulic press import price amounted to $X per unit, declining by -44.5% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 218% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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