Finland: Electroplating Machine Market 2024

Electroplating Machine Market Size in Finland

In 2021, the Finnish electroplating machine market decreased by -29.6% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a pronounced reduction. Electroplating machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Electroplating Machine Production in Finland

In value terms, electroplating machine production rose modestly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 8.7% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Electroplating Machine Exports

Exports from Finland

In 2021, overseas shipments of machines for electroplating, electrolysis or electrophoresis increased by 312% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 54,447%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electroplating machine exports skyrocketed to $X in 2021. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 5,676% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X units) was the main destination for electroplating machine exports from Finland, with a 98% share of total exports. It was followed by Chile (X units), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +140.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+113.4% per year) and Brazil (-48.2% per year).

In value terms, Russia ($X) remains the key foreign market for electroplating machine exports from Finland, comprising 94% of total exports. The second position in the ranking was taken by Chile ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +116.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+95.7% per year) and Brazil (-48.9% per year).

Export Prices by Country

In 2021, the average electroplating machine export price amounted to $X per unit, falling by -35.3% against the previous year. Overall, the export price faced a deep downturn. The growth pace was the most rapid in 2018 an increase of 557% 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 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per unit), while the average price for exports to Russia ($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 Kazakhstan (+22.2%), while the prices for the other major destinations experienced a decline.

Electroplating Machine Imports

Imports into Finland

In 2021, after two years of growth, there was significant decline in overseas purchases of machines for electroplating, electrolysis or electrophoresis, when their volume decreased by -84.7% to X units. In general, imports recorded a mild curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 563% against the previous year. Imports peaked at X units in 2020, and then reduced remarkably in the following year.

In value terms, electroplating machine imports shrank remarkably to $X in 2021. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when imports increased by 637% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then fell sharply in the following year.

Imports by Country

In 2021, China (X units) constituted the largest electroplating machine supplier to Finland, accounting for a 76% share of total imports. Moreover, electroplating machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. Japan (X units) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.8% per year) and Japan (+117.5% per year).

In value terms, China ($X) constituted the largest supplier of electroplating machine to Finland, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by the United States, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.3% per year) and the United States (-26.5% per year).

Import Prices by Country

In 2021, the average electroplating machine import price amounted to $X per unit, with an increase of 40% against the previous year. Over the period under review, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 337%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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