Finland: Photo-Copying Apparatus Market 2024

Photo-Copying Apparatus Market Size in Finland

The Finnish photo-copying apparatus market soared to $X in 2022, jumping by 69% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded strong growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Photo-Copying Apparatus Exports

Exports from Finland

In 2022, approx. X units of photo-copying apparatus were exported from Finland; dropping by -41% against the previous year. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 120% against the previous year. As a result, the exports attained the peak of X units, and then reduced markedly in the following year.

In value terms, photo-copying apparatus exports fell notably to $X in 2022. In general, exports, however, saw a modest increase. The most prominent rate of growth was recorded in 2021 when exports increased by 107% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

The United Arab Emirates (X units), Kazakhstan (X units) and Nigeria (X units) were the main destinations of photo-copying apparatus exports from Finland, together comprising 67% 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 Nigeria (with a CAGR of +102.4%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest markets for photo-copying apparatus exported from Finland worldwide, with a combined 43% share of total exports. The Netherlands, Kazakhstan, Ukraine, Estonia, Nigeria, Germany, Russia and Belarus lagged somewhat behind, together comprising a further 25%.

Nigeria, with a CAGR of +130.8%, saw the highest rates of growth with regard to the value of exports, among 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

The average photo-copying apparatus export price stood at $X per unit in 2022, growing by 6.8% against the previous year. Overall, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 32%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Israel ($X per unit), while the average price for exports to Kazakhstan ($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 Nigeria (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Photo-Copying Apparatus Imports

Imports into Finland

In 2022, the amount of photo-copying apparatus imported into Finland surged to X units, rising by 56% against the year before. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 148% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, photo-copying apparatus imports surged to $X in 2022. Over the period under review, imports posted prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 241%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of photo-copying apparatus to Finland, with a 80% share of total imports. Moreover, photo-copying apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold. The Philippines (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+38.3% per year) and the Philippines (+21.5% per year).

In value terms, China ($X) constituted the largest supplier of photo-copying apparatus to Finland, comprising 49% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Malaysia, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+28.3% per year) and Malaysia (+47.7% per year).

Import Prices by Country

In 2022, the average photo-copying apparatus import price amounted to $X per unit, reducing by -9.5% against the previous year. Overall, the import price saw a noticeable curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 49% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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