Finland: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Finland

After six years of growth, the Finnish respiration apparatus market decreased by -13.1% to $X in 2021. Overall, consumption, however, enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Respiration Apparatus Production in Finland

In value terms, respiration apparatus production totaled $X in 2021 estimated in export price. In general, production saw a precipitous shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 27%. Respiration apparatus production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Respiration Apparatus Exports

Exports from Finland

In 2021, after two years of decline, there was significant growth in overseas shipments of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus, when their volume increased by 476% to X tons. In general, exports, however, recorded a significant contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, respiration apparatus exports skyrocketed to $X in 2021. Overall, exports, however, saw a precipitous curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for respiration apparatus exports from Finland, accounting for a 64% share of total exports. Moreover, respiration apparatus exports to Sweden exceeded the volume sent to the second major destination, Australia (X tons), sixfold. The third position in this ranking was taken by Russia (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +53.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+5.4% per year) and Russia (-36.3% per year).

In value terms, Sweden ($X) emerged as the key foreign market for respiration apparatus exports from Finland, comprising 58% of total exports. The second position in the ranking was taken by Russia ($X), with a 17% share of total exports. It was followed by Australia, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to +51.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-41.3% per year) and Australia (+4.5% per year).

Export Prices by Country

The average respiration apparatus export price stood at $X per ton in 2021, reducing by -56% against the previous year. Overall, the export price faced a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the 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 the United States ($X per ton), while the average price for exports to the UK ($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 Australia (-0.8%), while the prices for the other major destinations experienced a decline.

Respiration Apparatus Imports

Imports into Finland

In 2021, approx. X tons of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus were imported into Finland; reducing by -18% against 2020 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 71% against the previous year. As a result, imports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, respiration apparatus imports declined to $X in 2021. Overall, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.3% against 2014 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of respiration apparatus to Finland, accounting for a 54% share of total imports. Moreover, respiration apparatus imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Denmark (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +56.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.2% per year) and Denmark (+19.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of respiration apparatus to Finland, comprising 61% of total imports. The second position in the ranking was held by Sweden ($X), with a 13% share of total imports. It was followed by Germany, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +63.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+15.6% per year) and Germany (+10.5% per year).

Import Prices by Country

The average respiration apparatus import price stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2013 an increase of 34%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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