Finland: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Finland

The Finnish tobacco making machinery market skyrocketed to $X in 2022, jumping by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports from Finland

In 2018, overseas shipments of machinery for the preparation or making up of tobacco decreased by 0% to X units for the first time since 2014, thus ending a three-year declining trend. Overall, exports saw a sharp decrease. The smallest decline of -97.9% was in 2015. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2018, the exports stood at a somewhat lower figure.

In value terms, tobacco making machinery exports totaled $X in 2018. Over the period under review, exports showed a abrupt slump. The smallest decline of -97.4% was in 2015. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2018, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for tobacco making machinery exports from Finland, with a 77% share of total exports. Moreover, tobacco making machinery exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X units), fivefold.

From 2012 to 2018, the average annual growth rate of volume to the Netherlands stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Romania (-55.7% per year).

In value terms, the largest markets for tobacco making machinery exported from Finland were Italy ($X), the Netherlands ($X) and Romania ($X), together accounting for 100% of total exports.

The Netherlands, with a CAGR of +26.0%, recorded 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 mixed trend patterns.

Export Prices by Country

In 2018, the average tobacco making machinery export price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the export price posted significant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22% against the previous year. The export price peaked in 2018 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+19.1%).

Tobacco Making Machinery Imports

Imports into Finland

In 2022, tobacco making machinery imports into Finland reduced to X units, shrinking by -10.1% compared with 2021 figures. Overall, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tobacco making machinery imports soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 50%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X units) was the main supplier of tobacco making machinery to Finland, accounting for a 98% share of total imports. It was followed by Italy (X units), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to +19.3%.

In value terms, Indonesia ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to Finland, comprising 86% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Germany, with a 0.1% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.7% per year) and Germany (-50.3% per year).

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, growing by 45% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tobacco making machinery import price increased by +104.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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