Finland: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Finland

The Finnish non-numerically controlled drilling machine market surged to $X in 2021, jumping by 21% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.9% against 2018 indices. Non-numerically controlled drilling machine consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Finland

In value terms, non-numerically controlled drilling machine production dropped to $X in 2021 estimated in export price. In general, production, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 164% against the previous year. Non-numerically controlled drilling machine production peaked at $X in 2020, and then reduced in the following year.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Finland

In 2021, after two years of decline, there was significant growth in shipments abroad of non-numerically controlled drilling machines for working metal, when their volume increased by 62% to X tons. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 94%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports skyrocketed to $X in 2021. Overall, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 93% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Russia (X tons) were the main destinations of non-numerically controlled drilling machine exports from Finland, together accounting for 56% of total exports. The UK, Italy, Australia, Germany, Estonia and India lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +105.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-numerically controlled drilling machine exported from Finland were the United States ($X), the Netherlands ($X) and Italy ($X), with a combined 49% share of total exports. Australia, the UK, Germany, Russia, Estonia and India lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Australia, with a CAGR of +112.8%, saw the highest growth rate of the value of exports, 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-numerically controlled drilling machine export price amounted to $X per ton, shrinking by -18.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2013 when the average export price increased by 26%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Finland

In 2021, imports of non-numerically controlled drilling machines for working metal into Finland expanded sharply to X tons, surging by 6% on the previous year. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 37%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, non-numerically controlled drilling machine imports surged to $X in 2021. Overall, imports posted notable growth. The most prominent rate of growth was recorded in 2015 with an increase of 72%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of non-numerically controlled drilling machine imports to Finland, together comprising 64% of total imports. These countries were followed by Taiwan (Chinese), the Czech Republic, Austria, Denmark and Spain, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +80.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and China ($X) constituted the largest non-numerically controlled drilling machine suppliers to Finland, together comprising 61% of total imports. Taiwan (Chinese), the Czech Republic, Austria, Denmark and Spain lagged somewhat behind, together comprising a further 33%.

The Czech Republic, with a CAGR of +39.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, growing by 61% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.0% 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, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, 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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :