Finland: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Finland

In 2022, after six years of growth, there was significant decline in the Finnish market for mechanical appliances for projecting, dispersing or spraying, when its value decreased by -26.4% to $X. Over the period under review, consumption, however, enjoyed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2021, and then fell rapidly in the following year.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Finland

In value terms, production of mechanical appliances for projecting, dispersing or spraying reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 480%. As a result, production reached the peak level of $X, and then contracted significantly in the following year.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Finland

In 2022, overseas shipments of mechanical appliances for projecting, dispersing or spraying increased by 95% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded a temperate increase. Over the period under review, the exports of hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying soared to $X in 2022. In general, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X units) was the main destination for exports of mechanical appliances for projecting, dispersing or spraying from Finland, accounting for a 71% share of total exports. Moreover, exports of mechanical appliances for projecting, dispersing or spraying to Indonesia exceeded the volume sent to the second major destination, Germany (X units), sevenfold. Estonia (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled +81.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+29.5% per year) and Estonia (+17.1% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for mechanical appliances for projecting, dispersing or spraying exports from Finland, comprising 78% of total exports. The second position in the ranking was held by Germany ($X), with a 6.4% share of total exports. It was followed by Estonia, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia stood at +93.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+22.9% per year) and Estonia (+19.4% per year).

Export Prices by Country

The average export price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, picking up by 47% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mechanical appliances for projecting, dispersing or spraying increased by +69.8% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Finland

Imports of mechanical appliances for projecting, dispersing or spraying into Finland shrank slightly to X units in 2022, with a decrease of -2% compared with 2021 figures. The total import volume increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 56%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying reduced to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of imports of mechanical appliances for projecting, dispersing or spraying to Finland, together comprising 76% of total imports. Poland, the Czech Republic, the United States, Sweden and Hungary lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +35.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and China ($X) appeared to be the largest mechanical appliances for projecting, dispersing or spraying suppliers to Finland, with a combined 76% share of total imports. The Czech Republic, Poland, the United States, Sweden and Hungary lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Poland, with a CAGR of +38.7%, 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 2022, the average import price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, falling by -4.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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