Finland: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Finland

In 2022, the Finnish pneumatic linear acting actuator market increased by 5.1% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a mild shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Pneumatic Linear Acting Actuators in Finland

In value terms, pneumatic linear acting actuator production fell markedly to $X in 2022 estimated in export price. Overall, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 1,622%. Pneumatic linear acting actuator production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Finland

Pneumatic linear acting actuator exports from Finland shrank to X units in 2022, declining by -12.9% compared with 2021. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 81% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, pneumatic linear acting actuator exports contracted slightly to $X in 2022. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 61% against the previous year. The exports peaked at $X in 2021, and then declined modestly in the following year.

Exports by Country

Germany (X units), the United States (X units) and China (X units) were the main destinations of pneumatic linear acting actuator exports from Finland, with a combined 55% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +45.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest markets for pneumatic linear acting actuator exported from Finland worldwide, with a combined 38% share of total exports. The Netherlands, Chile, South Africa, Sweden, Spain, Brazil, France, Canada, Austria and India lagged somewhat behind, together comprising a further 32%.

South Africa, with a CAGR of +36.8%, recorded the highest growth rate of the value of exports, in terms of 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 pneumatic linear acting actuator export price stood at $X per unit in 2022, with an increase of 12% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 28%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Germany ($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 Chile (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Finland

In 2022, pneumatic linear acting actuator imports into Finland reduced to X units, leveling off at 2021. Overall, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +4.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 62%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, pneumatic linear acting actuator imports amounted to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 25% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pneumatic linear acting actuator to Finland, accounting for a 55% share of total imports. Moreover, pneumatic linear acting actuator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Hungary (X units) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.4% per year) and Hungary (+32.9% per year).

In value terms, the largest pneumatic linear acting actuator suppliers to Finland were Germany ($X), China ($X) and Sweden ($X), together accounting for 72% of total imports. Hungary and Italy lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Hungary, with a CAGR of +31.2%, recorded the highest growth rate of 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 pneumatic linear acting actuator import price amounted to $X per unit, stabilizing at the previous year. In general, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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