Finland: Keyboards Market 2024

Keyboards Market Size in Finland

The Finnish keyboards market expanded markedly to $X in 2022, increasing by 15% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +92.3% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Keyboards Production in Finland

In value terms, keyboards production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Keyboards Exports

Exports from Finland

In 2022, exports of keyboards from Finland shrank significantly to X units, with a decrease of -29.3% on the previous year's figure. In general, exports saw a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of X units, and then declined sharply in the following year.

In value terms, keyboards exports fell to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 24%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X units) was the main destination for keyboards exports from Finland, accounting for a 30% share of total exports. Moreover, keyboards exports to Estonia exceeded the volume sent to the second major destination, Sweden (X units), twofold. The third position in this ranking was held by Russia (X units), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia stood at +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-10.5% per year) and Russia (-12.6% per year).

In value terms, the largest markets for keyboards exported from Finland were Estonia ($X), Kazakhstan ($X) and Germany ($X), together accounting for 37% of total exports. Sweden, Turkey, Russia, Poland, Norway, the UK, Denmark, Lithuania and Latvia lagged somewhat behind, together accounting for a further 45%.

Among the main countries of destination, Turkey, with a CAGR of +39.0%, 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 keyboards export price stood at $X per unit in 2022, with an increase of 21% against the previous year. In general, the export price, however, continues to indicate a pronounced decrease. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Estonia ($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 the UK (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Keyboards Imports

Imports into Finland

In 2022, overseas purchases of keyboards decreased by -21.7% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of 8.8%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, keyboards imports reduced dramatically to $X in 2022. Overall, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 18% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of keyboards to Finland, with a 69% share of total imports. Moreover, keyboards imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), ninefold. The Netherlands (X units) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+2.4% per year) and the Netherlands (+0.4% per year).

In value terms, China ($X) constituted the largest supplier of keyboards to Finland, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.5% share of total imports. It was followed by Ireland, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.7% per year) and Ireland (+24.5% per year).

Import Prices by Country

In 2022, the average keyboards import price amounted to $X per unit, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then reduced slightly in the following year.

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 the United States ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :