Finland: Metal Cutting Shear Market 2024

Metal Cutting Shear Market Size in Finland

The Finnish metal cutting shear market reduced to $X in 2022, waning by -9.3% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Metal cutting shear consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal Cutting Shear Production in Finland

In value terms, metal cutting shear production fell to $X in 2022 estimated in export price. In general, production faced a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 9.6% against the previous year. Metal cutting shear production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Cutting Shear Exports

Exports from Finland

After three years of growth, shipments abroad of metal cutting shears and similar hand tools decreased by -59.8% to X tons in 2022. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, metal cutting shear exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 49% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Estonia (X tons) was the main destination for metal cutting shear exports from Finland, accounting for a 41% share of total exports. Moreover, metal cutting shear exports to Estonia exceeded the volume sent to the second major destination, Norway (X kg), twofold. The third position in this ranking was taken by Sweden (X kg), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia amounted to -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+10.2% per year) and Sweden (-14.0% per year).

In value terms, Estonia ($X) remains the key foreign market for metal cutting shears and similar hand tools exports from Finland, comprising 13% of total exports. The second position in the ranking was held by Sweden ($X), with a 5.9% share of total exports. It was followed by Lithuania, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to Estonia amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-2.7% per year) and Lithuania (+30.1% per year).

Export Prices by Country

The average metal cutting shear export price stood at $X per ton in 2022, increasing by 259% against the previous year. In general, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Cutting Shear Imports

Imports into Finland

In 2022, the amount of metal cutting shears and similar hand tools imported into Finland contracted significantly to X tons, which is down by -17.8% against the year before. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 22% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, metal cutting shear imports declined dramatically to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 12%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of metal cutting shear imports to Finland, with a combined 80% share of total imports. The United States, France, Sweden, the UK, Vietnam, Italy and Japan lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +15.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of metal cutting shears and similar hand tools to Finland, comprising 47% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.0% per year) and Taiwan (Chinese) (+2.1% per year).

Import Prices by Country

The average metal cutting shear import price stood at $X per ton in 2022, picking up by 3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 6.7% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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