Finland: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Finland

The Finnish market for in-hand motor grinders, sanders and planers soared to $X in 2021, jumping by 32% 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 recorded a strong increase. Consumption of peaked in 2021 and is likely to continue growth in the near future.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Finland

In 2021, approx. X units of in-hand motor grinders, sanders and planers were exported from Finland; rising by 31% compared with the previous year's figure. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 39% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers soared to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Finland, accounting for a 65% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Belgium exceeded the volume sent to the second major destination, the United States (X units), eightfold. The third position in this ranking was held by Estonia (X units), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+37.7% per year) and Estonia (+2.6% per year).

In value terms, Belgium ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Finland, comprising 76% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.4% share of total exports. It was followed by Lithuania, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at +24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+40.3% per year) and Lithuania (+4.7% per year).

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with an increase of 7.5% against the previous year. In general, the export price recorded strong growth. The most prominent rate of growth was recorded in 2018 an increase of 203%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Belgium ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Finland

For the third consecutive year, Finland recorded growth in supplies from abroad of in-hand motor grinders, sanders and planers, which increased by 29% to X units in 2021. Over the period under review, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of imports of in-hand motor grinders, sanders and planers to Finland, together comprising 73% of total imports.

From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +44.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Finland were Germany ($X), China ($X) and Sweden ($X), with a combined 59% share of total imports. Austria, the Netherlands, the UK, Japan and Malaysia lagged somewhat behind, together accounting for a further 32%.

The Netherlands, with a CAGR of +36.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, rising by 3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2018 an increase of 24%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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