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

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

The Finnish numerically controlled drilling machine market skyrocketed to $X in 2021, jumping by 16% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -33.7% against 2019 indices. Numerically controlled drilling machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in Finland

In value terms, numerically controlled drilling machine production soared to $X in 2021 estimated in export price. Over the period under review, production recorded a prominent increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 103% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Finland

In 2021, approx. X tons of numerically controlled drilling machines for working metal were exported from Finland; picking up by 1,394% against the previous year's figure. In general, exports, however, showed a precipitous decline. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, numerically controlled drilling machine exports surged to $X in 2021. Over the period under review, exports, however, saw a dramatic decline. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for numerically controlled drilling machine exports from Finland, accounting for a 97% share of total exports. It was followed by Russia (X kg), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest.

In value terms, the UK ($X) emerged as the key foreign market for numerically controlled drilling machines for working metal exports from Finland, comprising 75% of total exports. The second position in the ranking was taken by Russia ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, reducing by -2.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 76%. As a result, the export price attained the peak level of $X per ton. From 2019 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, the country with the highest price was Russia ($X per ton), while the average price for exports to the UK totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-3.2%), while the prices for the other major destinations experienced a decline.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Finland

In 2021, numerically controlled drilling machine imports into Finland declined notably to X tons, dropping by -31.6% compared with the year before. In general, imports recorded a deep setback. The growth pace was the most rapid in 2017 when imports increased by 436%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports declined dramatically to $X in 2021. Over the period under review, imports faced a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 389% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons) and China (X tons) were the main suppliers of numerically controlled drilling machine imports to Finland.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +74.8%).

In value terms, the Czech Republic ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Finland, comprising 75% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic stood at +59.7%.

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, growing by 2.5% against the previous year. Overall, the import price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 82% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+79.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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