Finland: Cellulose Pulp Machinery Market 2024

Cellulose Pulp Machinery Market Size in Finland

For the third consecutive year, the Finnish cellulose pulp machinery market recorded growth in sales value, which increased by 37% to $X in 2022. Over the period under review, consumption recorded a prominent expansion. Cellulose pulp machinery consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Cellulose Pulp Machinery Production in Finland

In value terms, cellulose pulp machinery production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of 99%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cellulose Pulp Machinery Exports

Exports from Finland

In 2022, cellulose pulp machinery exports from Finland fell remarkably to X units, reducing by -72.1% on the year before. Over the period under review, exports faced a deep slump. The growth pace was the most rapid in 2020 when exports increased by 335%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cellulose pulp machinery exports dropped dramatically to $X in 2022. Overall, exports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 151% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X units), China (X units) and Sweden (X units) were the main destinations of cellulose pulp machinery exports from Finland, together accounting for 70% of total exports. Uruguay, Turkey, Russia, Estonia and India lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +22.3%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cellulose pulp machinery exported from Finland were Brazil ($X), Sweden ($X) and China ($X), together comprising 69% of total exports. These countries were followed by Turkey, Russia, Uruguay, India and Estonia, which together accounted for a further 19%.

Among the main countries of destination, Turkey, with a CAGR of +18.4%, 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

The average cellulose pulp machinery export price stood at $X per unit in 2022, with an increase of 14% against the previous year. In general, the export price, however, saw a perceptible decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Estonia ($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 Sweden (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Pulp Machinery Imports

Imports into Finland

In 2022, the amount of machinery for making pulp of fibrous cellulosic material imported into Finland surged to X units, with an increase of 1,846% compared with the year before. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cellulose pulp machinery imports skyrocketed to $X in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of cellulose pulp machinery to Finland, accounting for a 79% share of total imports. Moreover, cellulose pulp machinery imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. Austria (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden amounted to +47.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.7% per year) and Austria (+1.7% per year).

In value terms, Sweden ($X) constituted the largest supplier of machinery for making pulp of fibrous cellulosic material to Finland, comprising 88% of total imports. The second position in the ranking was held by China ($X), with a 5.5% share of total imports. It was followed by Austria, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +51.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.0% per year) and Austria (+3.6% per year).

Import Prices by Country

In 2022, the average cellulose pulp machinery import price amounted to $X per unit, growing by 125% against the previous year. In general, the import price continues to indicate measured growth. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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