Finland: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in Finland

In 2021, the Finnish finishing paper machinery market decreased by -97.2% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a dramatic decrease. Finishing paper machinery consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Finishing Paper Machinery Production in Finland

In value terms, finishing paper machinery production shrank markedly to $X in 2021 estimated in export price. In general, production saw a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when the production volume increased by 78% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Finishing Paper Machinery Exports

Exports from Finland

In 2021, shipments abroad of machinery for finishing paper or paperboard decreased by -55.1% to X units, falling for the third year in a row after three years of growth. In general, exports faced a dramatic contraction. The growth pace was the most rapid in 2016 when exports increased by 36%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, finishing paper machinery exports shrank dramatically to $X in 2021. Overall, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of 79%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X units), the United States (X units) and Russia (X units) were the main destinations of finishing paper machinery exports from Finland, together comprising 84% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of -30.7%), while the other leaders experienced a decline.

In value terms, the largest markets for finishing paper machinery exported from Finland were the United States ($X), Poland ($X) and Russia ($X), with a combined 80% share of total exports. India, Germany and China lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, India, with a CAGR of +30.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average finishing paper machinery export price amounted to $X per unit, falling by -24.4% against the previous year. Over the period under review, the export price, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 235%. As a result, the export price attained the peak level of $X per unit, and then fell notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to China ($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 India (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Finishing Paper Machinery Imports

Imports into Finland

In 2021, approx. X units of machinery for finishing paper or paperboard were imported into Finland; jumping by 466% against the year before. Over the period under review, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 1,079%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, finishing paper machinery imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a drastic downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), Italy (X units) and Spain (X units) were the main suppliers of finishing paper machinery imports to Finland, with a combined 73% share of total imports. These countries were followed by France, Austria, China, the United States and Sweden, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +34.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machinery for finishing paper or paperboard to Finland, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +134.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.7% per year) and France (+2.1% per year).

Import Prices by Country

The average finishing paper machinery import price stood at $X per unit in 2021, with an increase of 39% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, finishing paper machinery import price increased by +89.9% against 2016 indices. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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