Finland: Magnetic Media Market 2025

Magnetic Media Market Size in Finland

The Finnish magnetic media market declined modestly to $X in 2021, remaining relatively unchanged against the previous year. Overall, consumption recorded a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Magnetic Media Production in Finland

In value terms, magnetic media production contracted to $X in 2021 estimated in export price. Overall, production recorded a deep setback. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. Magnetic media production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Magnetic Media Exports

Exports from Finland

In 2021, shipments abroad of magnetic media, not recorded, except cards with a magnetic stripe decreased by -90% to X units for the first time since 2017, thus ending a three-year rising trend. In general, exports showed a significant decrease. The pace of growth appeared the most rapid in 2015 with an increase of 629%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnetic media exports fell markedly to $X in 2021. Overall, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 211%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for magnetic media exports from Finland, accounting for a 40% share of total exports. Moreover, magnetic media exports to Russia exceeded the volume sent to the second major destination, Estonia (X units), threefold. Norway (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-10.6% per year) and Norway (+47.1% per year).

In value terms, Russia ($X) emerged as the key foreign market for magnetic media, not recorded, except cards with a magnetic stripe exports from Finland, comprising 52% of total exports. The second position in the ranking was taken by Denmark ($X), with a 6.3% share of total exports. It was followed by Lithuania, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-36.9% per year) and Lithuania (-29.0% per year).

Export Prices by Country

The average magnetic media export price stood at $X per unit in 2021, jumping by 75% against the previous year. Over the period under review, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 an increase of 174%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Iraq ($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 Russia (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Finland

After three years of decline, overseas purchases of magnetic media, not recorded, except cards with a magnetic stripe increased by 22% to X units in 2021. Overall, imports, however, showed a sharp reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 82%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, magnetic media imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2016 with an increase of 39% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), South Korea (X units) and Denmark (X units) were the main suppliers of magnetic media imports to Finland, together comprising 65% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +50.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of magnetic media, not recorded, except cards with a magnetic stripe to Finland, comprising 45% of total imports. The second position in the ranking was taken by Sweden ($X), with a 13% share of total imports. It was followed by Denmark, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-16.9% per year) and Denmark (-16.5% per year).

Import Prices by Country

In 2021, the average magnetic media import price amounted to $X per unit, dropping by -4.1% against the previous year. Over the period under review, the import price, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2014 an increase of 52%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 Sweden ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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