Finland: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Finland

The Finnish filling containers machinery market skyrocketed to $X in 2021, picking up by 20% against the previous year. Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Filling Containers Machinery Production in Finland

In value terms, filling containers machinery production contracted notably to $X in 2021 estimated in export price. Overall, production saw a abrupt slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 100%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Filling Containers Machinery Exports

Exports from Finland

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers exported from Finland surged to X units, increasing by 36% against 2020 figures. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 83% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, filling containers machinery exports fell modestly to $X in 2021. Over the period under review, exports, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by 59%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X units), New Caledonia (X units) and Austria (X units) were the main destinations of filling containers machinery exports from Finland, with a combined 60% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +12,219.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for filling containers machinery exported from Finland were Russia ($X), New Caledonia ($X) and France ($X), together comprising 48% of total exports. Lithuania, the Netherlands, Kazakhstan, Pakistan, Austria, Sweden, Norway, Estonia, Germany and Colombia lagged somewhat behind, together accounting for a further 45%.

Austria, with a CAGR of +1,878.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average filling containers machinery export price amounted to $X per unit, falling by -30.3% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Austria ($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 Colombia (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Finland

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers imported into Finland skyrocketed to X units, increasing by 34% on 2020. Overall, imports posted a perceptible expansion. The most prominent rate of growth was recorded in 2020 with an increase of 107%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, filling containers machinery imports skyrocketed to $X in 2021. In general, imports continue to indicate measured growth. The pace of growth was the most pronounced in 2020 with an increase of 77% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Sweden (X units) constituted the largest filling containers machinery supplier to Finland, with a 56% share of total imports. Moreover, filling containers machinery imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.9% per year) and Germany (+14.0% per year).

In value terms, Sweden ($X) constituted the largest supplier of machinery for filling, closing, sealing, capsuling or labelling containers to Finland, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Switzerland, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Sweden totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.6% per year) and Switzerland (+27.9% per year).

Import Prices by Country

In 2021, the average filling containers machinery import price amounted to $X per unit, falling by -13.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 26%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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