Finland: Memories Market 2024

Memories Market Size in Finland

The Finnish memories market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Memories Production in Finland

In value terms, memories production contracted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Memories Exports

Exports from Finland

In 2021, overseas shipments of multichip integrated circuits: memories increased by 11% to X units, rising for the sixth consecutive year after three years of decline. Overall, exports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2019 when exports increased by 61%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, memories exports surged to $X in 2021. Over the period under review, exports enjoyed a measured expansion. The pace of growth was the most pronounced in 2020 with an increase of 88% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Japan (X units) was the main destination for memories exports from Finland, accounting for a 57% share of total exports. Moreover, memories exports to Japan exceeded the volume sent to the second major destination, Germany (X units), fivefold. China (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +210.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.1% per year) and China (-13.8% per year).

In value terms, Japan ($X), China ($X) and Germany ($X) constituted the largest markets for memories exported from Finland worldwide, together comprising 67% of total exports.

Japan, with a CAGR of +209.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 memories export price amounted to $X per unit, growing by 5.6% against the previous year. In general, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Japan ($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 Thailand (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Memories Imports

Imports into Finland

In 2021, overseas purchases of multichip integrated circuits: memories increased by 50% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports enjoyed slight growth. The most prominent rate of growth was recorded in 2017 with an increase of 156%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, memories imports soared to $X in 2021. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 258%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of memories imports to Finland, together accounting for 63% of total imports. South Korea, Taiwan (Chinese), Hong Kong SAR, Belgium, Malaysia, Singapore, the United States and the UK lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +117.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of multichip integrated circuits: memories to Finland, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.3% per year) and Germany (+10.6% per year).

Import Prices by Country

In 2021, the average memories import price amounted to $X per unit, surging by 38% against the previous year. Over the period under review, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 41% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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