Finland: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Finland

The Finnish lathe for removing metal market soared to $X in 2021, with an increase of 34% 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). Overall, consumption continues to indicate a temperate expansion. Lathe for removing metal consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from Finland

In 2021, overseas shipments of lathes for removing metal increased by 129% to X units, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 181%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lathe for removing metal exports surged to $X in 2021. In general, exports enjoyed a prominent increase. Over the period under review, the lafor removing metal exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units), Germany (X units) and Estonia (X units) were the main destinations of lathe for removing metal exports from Finland, together comprising 75% of total exports. These countries were followed by Belarus, Russia, Poland, Sweden, Pakistan, China and India, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lathe for removing metal exported from Finland were Turkey ($X), Germany ($X) and China ($X), with a combined 71% share of total exports.

Among the main countries of destination, China, with a CAGR of +307.2%, 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

The average lathe for removing metal export price stood at $X per unit in 2021, jumping by 73% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Sweden ($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 Pakistan (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Finland

In 2021, approx. X units of lathes for removing metal were imported into Finland; with an increase of 61% on 2020. Overall, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal imports surged to $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 49%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and the UK (X units) were the main suppliers of lathe for removing metal imports to Finland, together accounting for 55% of total imports. Sweden, Japan, Belgium, South Korea, Taiwan (Chinese), Spain, Slovakia, Austria, Denmark and Italy lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +87.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and Spain ($X) appeared to be the largest lathe for removing metal suppliers to Finland, together comprising 55% of total imports. The UK, Belgium, South Korea, China, Italy, Taiwan (Chinese), Slovakia, Sweden, Denmark and Austria lagged somewhat behind, together comprising a further 34%.

In terms of the main suppliers, Belgium, with a CAGR of +83.5%, recorded the highest rates of growth with regard to 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 2021, the average lathe for removing metal import price amounted to $X per unit, declining by -21% against the previous year. Over the period under review, the import price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2013 an increase of 63%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :