Finland: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Finland

The Finnish non-electronic hydro- and hygrometers market declined markedly to $X in 2021, dropping by -43% against the previous year. Overall, consumption faced a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Finland

In value terms, non-electronic hydro- and hygrometers production fell markedly to $X in 2021 estimated in export price. In general, production, however, saw a pronounced decrease. The growth pace was the most rapid in 2020 with an increase of 54% against the previous year. Non-electronic hydro- and hygrometers production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Finland

In 2021, the amount of non-electronic hydro-, hygro-, psychrometers exported from Finland surged to X units, jumping by 21% compared with the previous year's figure. In general, exports posted moderate growth. The pace of growth appeared the most rapid in 2020 when exports increased by 333% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, non-electronic hydro- and hygrometers exports soared to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.8% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), China (X units) and Germany (X units) were the main destinations of non-electronic hydro- and hygrometers exports from Finland, together accounting for 51% of total exports. Poland, Russia, Japan, South Korea, the Netherlands, Sweden, Canada, Taiwan (Chinese) and Ukraine lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +21.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electronic hydro- and hygrometers exported from Finland were the United States ($X), China ($X) and Japan ($X), together accounting for 56% of total exports. These countries were followed by Germany, South Korea, Canada, Russia, Sweden, Taiwan (Chinese), the Netherlands, Poland and Ukraine, which together accounted for a further 22%.

South Korea, with a CAGR of +19.1%, 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 non-electronic hydro- and hygrometers export price amounted to $X per unit, with an increase of 9.6% against the previous year. In general, the export price enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 412% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Poland ($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 South Korea (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Finland

In 2021, non-electronic hydro- and hygrometers imports into Finland expanded sharply to X units, growing by 7.3% against 2020. Over the period under review, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 25%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-electronic hydro- and hygrometers imports contracted to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Sweden (X units) and Slovakia (X units) were the main suppliers of non-electronic hydro- and hygrometers imports to Finland, with a combined 80% share of total imports. These countries were followed by Denmark, Poland, the Netherlands, the United States, Germany and Taiwan (Chinese), which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +99.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest non-electronic hydro- and hygrometers suppliers to Finland were China ($X), Sweden ($X) and the United States ($X), together comprising 48% of total imports. Germany, Denmark, the Netherlands, Slovakia, Taiwan (Chinese) and Poland lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, Poland, with a CAGR of +99.9%, 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 2021, the average non-electronic hydro- and hygrometers import price amounted to $X per unit, which is down by -11.9% against the previous year. Overall, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 251%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+37.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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