Finland: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Finland

The Finnish food manufacture machinery market shrank to $X in 2021, with a decrease of -13.5% against the previous year. In general, consumption, however, recorded a pronounced increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Food Manufacture Machinery Production in Finland

In value terms, food manufacture machinery production totaled $X in 2021 estimated in export price. In general, production saw a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of 64% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Food Manufacture Machinery Exports

Exports from Finland

In 2021, the amount of machinery for the preparation or manufacture of food or drink exported from Finland surged to X units, with an increase of 63% against 2020 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, food manufacture machinery exports expanded markedly to $X in 2021. In general, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 45%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X units), Sweden (X units) and Norway (X units) were the main destinations of food manufacture machinery exports from Finland, with a combined 47% share of total exports. These countries were followed by Estonia, China, Lithuania, India, France, Japan, Russia, the Netherlands, Latvia and Poland, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +46.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), South Korea ($X) and France ($X) were the largest markets for food manufacture machinery exported from Finland worldwide, with a combined 39% share of total exports. Norway, the Netherlands, Japan, Poland, India, Estonia, China, Lithuania, Russia and Latvia lagged somewhat behind, together accounting for a further 48%.

Among the main countries of destination, India, with a CAGR of +29.8%, saw the highest rates of growth with regard to the value of exports, 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 food manufacture machinery export price amounted to $X per unit, shrinking by -35.1% against the previous year. Overall, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 16%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per unit), while the average price for exports to Lithuania ($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 Poland (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Food Manufacture Machinery Imports

Imports into Finland

In 2021, approx. X units of machinery for the preparation or manufacture of food or drink were imported into Finland; with a decrease of -7.8% against the previous year. Over the period under review, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 81% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, food manufacture machinery imports stood at $X in 2021. Overall, imports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2019 with an increase of 145% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X units), Taiwan (Chinese) (X units) and Sweden (X units) were the main suppliers of food manufacture machinery imports to Finland, with a combined 47% share of total imports. Italy, China, Spain, Japan, the Czech Republic, Germany, Switzerland, the UK, France and the Netherlands lagged somewhat behind, together comprising a further 47%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +93.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest food manufacture machinery suppliers to Finland were Sweden ($X), Denmark ($X) and Japan ($X), together accounting for 44% of total imports. Switzerland, Italy, Germany, Spain, France, the Czech Republic, Taiwan (Chinese), China, the UK and the Netherlands lagged somewhat behind, together comprising a further 50%.

In terms of the main suppliers, Spain, with a CAGR of +81.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average food manufacture machinery import price amounted to $X per unit, growing by 12% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food manufacture machinery import price increased by +107.7% against 2015 indices. The growth pace was the most rapid in 2016 an increase of 37%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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