Finland: Inductor Market 2025

Inductor Market Size in Finland

The Finnish inductor market reached $X in 2022, remaining constant against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +54.8% against 2019 indices. Inductor consumption peaked in 2022 and is expected to retain growth in the near future.

Inductor Production in Finland

In value terms, inductor production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 270% against the previous year. Inductor production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Inductor Exports

Exports from Finland

In 2022, overseas shipments of inductors increased by 14% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 37% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, inductor exports skyrocketed to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 61% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Estonia (X units) and Germany (X units) were the main destinations of inductor exports from Finland, together comprising 40% of total exports. India, Italy, Switzerland, China, the UK, Turkey, Sweden, Spain, Lithuania and the United Arab Emirates lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +21.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Estonia ($X) and Switzerland ($X) constituted the largest markets for inductor exported from Finland worldwide, together comprising 33% of total exports. The UK, India, Italy, Germany, the United Arab Emirates, Sweden, China, Turkey, Lithuania and Spain lagged somewhat behind, together accounting for a further 43%.

The United Arab Emirates, with a CAGR of +16.1%, recorded 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

In 2022, the average inductor export price amounted to $X per unit, increasing by 9.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 34% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average 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 the United Arab Emirates ($X per unit), while the average price for exports to Germany ($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 (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Inductor Imports

Imports into Finland

In 2022, the amount of inductors imported into Finland amounted to X units, growing by 4% compared with 2021 figures. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 17%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, inductor imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 27%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Estonia (X units) constituted the largest supplier of inductor to Finland, accounting for a 66% share of total imports. Moreover, inductor imports from Estonia exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was held by the Czech Republic (X units), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Estonia totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.2% per year) and the Czech Republic (+18.0% per year).

In value terms, the largest inductor suppliers to Finland were Estonia ($X), China ($X) and Germany ($X), together comprising 70% of total imports. The Czech Republic, Austria and Turkey lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, Turkey, with a CAGR of +164.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average inductor import price amounted to $X per thousand units, picking up by 2.9% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The growth pace was the most rapid in 2018 an increase of 22%. As a result, import price reached the peak level of $X per thousand units. From 2019 to 2022, the average 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 Germany ($X per thousand units), while the price for Estonia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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