Finland: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Finland

In 2021, the Finnish market for non-electronic instruments for measuring or checking variables of liquids or gases was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Finland

In value terms, non-electronic liquid or gas measurer production rose modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a significant decline. Non-electronic liquid or gas measurer production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Finland

Non-electronic liquid or gas measurer exports from Finland skyrocketed to X units in 2021, picking up by 35% on 2020 figures. Overall, exports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 60%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, non-electronic liquid or gas measurer exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 26%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X units) was the main destination for non-electronic liquid or gas measurer exports from Finland, accounting for a 17% share of total exports. Moreover, non-electronic liquid or gas measurer exports to Uruguay exceeded the volume sent to the second major destination, Russia (X units), twofold. The United States (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uruguay amounted to +153.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+2.8% per year) and the United States (-20.4% per year).

In value terms, Sweden ($X), Denmark ($X) and the United States ($X) constituted the largest markets for non-electronic liquid or gas measurer exported from Finland worldwide, together accounting for 28% of total exports. These countries were followed by France, Russia, Uruguay, the UK, the Netherlands, Thailand, Chile, Japan, Australia and Germany, which together accounted for a further 40%.

Uruguay, with a CAGR of +149.4%, 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 export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, declining by -12.1% against the previous year. Over the period under review, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2019 an increase of 24% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per unit), while the average price for exports to Uruguay ($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 the United States (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Finland

In 2021, the amount of non-electronic instruments for measuring or checking variables of liquids or gases imported into Finland soared to X units, with an increase of 26% against 2020. Overall, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 32%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, non-electronic liquid or gas measurer imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 34% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

Germany (X units), China (X units) and Romania (X units) were the main suppliers of non-electronic liquid or gas measurer imports to Finland, together accounting for 72% of total imports.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +58.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of non-electronic liquid or gas measurer to Finland, comprising 43% of total imports. The second position in the ranking was held by Romania ($X), with a 15% share of total imports. It was followed by China, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+57.0% per year) and China (+23.7% per year).

Import Prices by Country

The average import price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2021, with a decrease of -9.8% against the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-electronic liquid or gas measurer import price decreased by -12.9% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 41% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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