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

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

The Finnish non-numerically controlled sharpening machine market shrank to $X in 2022, which is down by -7.5% against the previous year. In general, consumption continues to indicate a mild decline. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, non-numerically controlled sharpening machine production contracted modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 32% against the previous year. Non-numerically controlled sharpening machine production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Finland

In 2022, overseas shipments of non-numerically controlled sharpening machines for working metal increased by 60% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 95% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, non-numerically controlled sharpening machine exports amounted to $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 63% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X units), Kazakhstan (X units) and Latvia (X units) were the main destinations of non-numerically controlled sharpening machine exports from Finland, together comprising 91% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +241.6%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Estonia ($X) and Lithuania ($X) constituted the largest markets for non-numerically controlled sharpening machine exported from Finland worldwide, together accounting for 57% of total exports.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +199.7%, recorded the highest rates of growth with regard to 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

The average non-numerically controlled sharpening machine export price stood at $X per unit in 2022, falling by -37.4% against the previous year. Over the period under review, the export price showed a significant decrease. The growth pace was the most rapid in 2014 an increase of 16%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Estonia ($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 Egypt (+49.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Finland

After two years of growth, purchases abroad of non-numerically controlled sharpening machines for working metal decreased by -14.2% to X units in 2022. Overall, imports saw a slight decrease. The growth pace was the most rapid in 2018 when imports increased by 42% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced in the following year.

In value terms, non-numerically controlled sharpening machine imports rose to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 39% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-numerically controlled sharpening machine supplier to Finland, with a 85% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by the United States (X units), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-21.8% per year) and the United States (+17.5% per year).

In value terms, China ($X), Sweden ($X) and the United States ($X) appeared to be the largest non-numerically controlled sharpening machine suppliers to Finland, with a combined 59% share of total imports.

Among the main suppliers, Sweden, with a CAGR of +15.8%, saw the highest rates of growth with regard to 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 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, rising by 19% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of 49% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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