Finland: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Finland

The Finnish market for machines for preparing, weaving and knitting textiles soared to $X in 2021, growing by 31% against the previous year. Overall, consumption, however, continues to indicate a deep downturn. Textile weaving and knitting machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machines For Preparing, Weaving And Knitting Textiles in Finland

In value terms, textile weaving and knitting machinery production expanded remarkably to $X in 2021 estimated in export price. Overall, production saw a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 101%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Finland

In 2021, the amount of machines for preparing, weaving and knitting textiles exported from Finland totaled X units, growing by 13% compared with the year before. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by 516%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports surged to $X in 2021. Overall, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X units), the United States (X units) and Estonia (X units) were the main destinations of textile weaving and knitting machinery exports from Finland, with a combined 86% share 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 the United States (with a CAGR of +58.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile weaving and knitting machinery exported from Finland were India ($X), the United States ($X) and Japan ($X), with a combined 98% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +45.3%, recorded the highest growth rate of 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 export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, increasing by 510% against the previous year. Overall, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2019 an increase of 1,540%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Estonia ($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 Serbia (+307.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Finland

In 2021, approx. X units of machines for preparing, weaving and knitting textiles were imported into Finland; rising by 143% against 2020 figures. In general, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 328%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, textile weaving and knitting machinery imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a noticeable descent. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X units), Germany (X units) and Japan (X units) were the main suppliers of textile weaving and knitting machinery imports to Finland, together comprising 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +12.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to Finland, comprising 66% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Germany, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +110.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+38.0% per year) and Germany (-21.7% per year).

Import Prices by Country

In 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, with an increase of 138% against the previous year. Over the period under review, the import price posted strong growth. The growth pace was the most rapid in 2016 when the average import price increased by 1,087%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+97.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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