Finland: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Finland

The Finnish liquid supply meter market rose sharply to $X in 2021, picking up by 12% 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, however, recorded a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Liquid Supply Meter Exports

Exports from Finland

In 2021, the amount of liquid supply or production meters exported from Finland soared to X units, increasing by 31% on 2020 figures. Overall, exports, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 291% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, liquid supply meter exports surged to $X in 2021. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 63%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ireland (X units) was the main destination for liquid supply meter exports from Finland, with a 50% share of total exports. Moreover, liquid supply meter exports to Ireland exceeded the volume sent to the second major destination, Estonia (X units), twofold. The third position in this ranking was taken by France (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland amounted to +176.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+1.5% per year) and France (+22.9% per year).

In value terms, Ireland ($X) emerged as the key foreign market for liquid supply or production meters exports from Finland, comprising 60% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 8.4% share of total exports. It was followed by Estonia, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland amounted to +238.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-6.9% per year) and Estonia (-7.6% per year).

Export Prices by Country

In 2021, the average liquid supply meter export price amounted to $X per unit, waning by -9.1% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 79% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Estonia ($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 Canada (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports into Finland

For the fourth year in a row, Finland recorded growth in overseas purchases of liquid supply or production meters, which increased by 10% to X units in 2021. Overall, imports, however, recorded a pronounced decline. The growth pace was the most rapid in 2019 when imports increased by 19%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, liquid supply meter imports rose significantly to $X in 2021. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 66% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X units) constituted the largest supplier of liquid supply meter to Finland, with a 60% share of total imports. Moreover, liquid supply meter imports from Denmark exceeded the figures recorded by the second-largest supplier, Poland (X units), sixfold. Lithuania (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+100.8% per year) and Lithuania (+869.8% per year).

In value terms, Denmark ($X) constituted the largest supplier of liquid supply or production meters to Finland, comprising 72% of total imports. The second position in the ranking was held by Lithuania ($X), with a 9.7% share of total imports. It was followed by Germany, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Denmark amounted to -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+605.1% per year) and Germany (-12.3% per year).

Import Prices by Country

In 2021, the average liquid supply meter import price amounted to $X per unit, growing by 2.8% against the previous year. In general, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 55%. The import price peaked at $X per unit in 2012; however, from 2013 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 Denmark ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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