Finland: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Finland

The Finnish market for machine-tools for working stone, ceramics, and concrete was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption posted pronounced growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Finland

In value terms, machine tools for working stone production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 272% against the previous year. Machine tools for working stone production peaked at $X in 2021, and then fell in the following year.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Finland

In 2022, the amount of machine-tools for working stone, ceramics, and concrete exported from Finland fell notably to X units, with a decrease of -84.6% against the previous year. Overall, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 378% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, machine tools for working stone exports declined notably to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 237% against the previous year. The exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Norway (X units), Russia (X units) and Australia (X units) were the main destinations of machine tools for working stone exports from Finland, with a combined 85% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +32.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Finland, comprising 26% of total exports. The second position in the ranking was taken by Australia ($X), with an 11% share of total exports. It was followed by Norway, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+18.6% per year) and Norway (+7.5% per year).

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, increasing by 69% against the previous year. Over the period under review, the export price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 965% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to Norway ($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 Egypt (+232.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Finland

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were imported into Finland; falling by -10.5% against 2021. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 92% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, machine tools for working stone imports expanded modestly to $X in 2022. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 379%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of machine tools for working stone to Finland, with a 44% share of total imports. Moreover, machine tools for working stone imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Sweden (X units), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.4% per year) and Sweden (-13.7% per year).

In value terms, Italy ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Finland, comprising 40% of total imports. The second position in the ranking was held by Austria ($X), with a 14% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+1.1% per year) and Germany (-0.4% per year).

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, growing by 14% against the previous year. Overall, the import price continues to indicate a modest increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 149% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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