Finland: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Finland

The Finnish market for non-domestic percolators and equipment for cooking or heating food expanded slightly to $X in 2022, picking up by 4.9% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Finland

In value terms, production of non-domestic percolators and equipment for cooking or heating food surged to $X in 2022 estimated in export price. Overall, production saw a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from Finland

In 2022, exports of non-domestic percolators and equipment for cooking or heating food from Finland shrank to X units, dropping by -6.5% against the year before. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 352% against the previous year. Over the period under review, the exports of hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food expanded significantly to $X in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 297% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for exports of non-domestic percolators and equipment for cooking or heating food from Finland, accounting for a 23% share of total exports. Moreover, exports of non-domestic percolators and equipment for cooking or heating food to Sweden exceeded the volume sent to the second major destination, Norway (X units), threefold. France (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at +38.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+23.8% per year) and France (+11.0% per year).

In value terms, Sweden ($X) remains the key foreign market for non-domestic percolators and equipment for cooking or heating food exports from Finland, comprising 24% of total exports. The second position in the ranking was taken by Norway ($X), with a 9.4% share of total exports. It was followed by France, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+26.4% per year) and France (+15.5% per year).

Export Prices by Country

In 2022, the average export price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, with an increase of 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Denmark ($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 Japan (+51.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into Finland

In 2022, after two years of decline, there was decline in overseas purchases of non-domestic percolators and equipment for cooking or heating food, when their volume decreased by 0% to less than X units. Overall, imports continue to indicate a modest increase. The smallest decline of 99.9% was in 2020. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food reduced to $X in 2022. In general, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.7% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 48%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Italy (X units) and Estonia (X units) were the main suppliers of imports of non-domestic percolators and equipment for cooking or heating food to Finland, together accounting for 79% of total imports.

From 2014 to 2019, the biggest increases were recorded for Estonia (with a CAGR of +38.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-domestic percolators and equipment for cooking or heating food suppliers to Finland were Germany ($X), Italy ($X) and Sweden ($X), together accounting for 63% of total imports. Estonia, the United States, the Netherlands, Switzerland and Denmark lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, Estonia, with a CAGR of +49.7%, saw the highest growth rate of 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 2019, the average import price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, leveling off at the previous year. In general, the import price showed strong growth. The pace of growth appeared the most rapid in 2015 when the average import price decreased by 99.9% against the previous year. Over the period under review, average import prices hit record highs in 2019 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 Sweden ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2014 to 2019, the most notable rate of growth in terms of prices was attained by Sweden (+85.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform