Finland: Machine-Tool For Drilling Market 2025

Machine-Tool For Drilling Market Size in Finland

In 2022, after four years of growth, there was significant decline in the Finnish machine-tool for drilling market, when its value decreased by -45.8% to $X. In general, consumption continues to indicate a noticeable setback. Machine-tool for drilling consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Machine-Tool For Drilling Production in Finland

In value terms, machine-tool for drilling production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 152% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Machine-Tool For Drilling Exports

Exports from Finland

In 2022, after two years of decline, there was significant growth in shipments abroad of machine-tools for drilling, boring or milling metal, when their volume increased by 266% to X units. Over the period under review, exports recorded a tangible expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for drilling exports skyrocketed to $X in 2022. Overall, exports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 83%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X units) was the main destination for machine-tool for drilling exports from Finland, accounting for a 41% share of total exports. Moreover, machine-tool for drilling exports to Estonia exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was held by Sweden (X units), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia amounted to +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+6.4% per year) and Sweden (+34.8% per year).

In value terms, China ($X) emerged as the key foreign market for machine-tools for drilling, boring or milling metal exports from Finland, comprising 31% of total exports. The second position in the ranking was taken by the United States ($X), with a 14% share of total exports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.6% per year) and Italy (+10.6% per year).

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, reducing by -61.4% against the previous year. Over the period under review, the export price saw a abrupt setback. The growth pace was the most rapid in 2021 when the average export price increased by 120%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the 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 Italy ($X per unit), while the average price for exports to Estonia ($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 Russia (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Finland

In 2022, imports of machine-tools for drilling, boring or milling metal into Finland shrank to X units, falling by -2.7% against the year before. Over the period under review, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, machine-tool for drilling imports reduced markedly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 113% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to Finland, with a 45% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Sweden (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.5% per year) and Sweden (+8.7% per year).

In value terms, the largest machine-tool for drilling suppliers to Finland were China ($X), Germany ($X) and Taiwan (Chinese) ($X), together comprising 70% of total imports. The United States, Sweden, Austria, Italy and Luxembourg lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, the United States, with a CAGR of +28.9%, 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

The average machine-tool for drilling import price stood at $X per unit in 2022, which is down by -54% against the previous year. Overall, the import price, however, recorded a pronounced expansion. The pace of growth was the most pronounced in 2015 an increase of 114%. As a result, import price attained the peak level of $X per unit. From 2016 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 Taiwan (Chinese) ($X per unit), while the price for Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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