Finland: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Finland

The Finnish positive displacement pump market was estimated at $X in 2021, rising by 3.4% 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). Overall, consumption recorded a buoyant increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Positive Displacement Pump Exports

Exports from Finland

For the fourth consecutive year, Finland recorded growth in shipments abroad of positive displacement pumps and hand pumps, which increased by 89% to X units in 2021. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2019 with an increase of 93% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, positive displacement pump exports soared to $X in 2021. In general, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 42%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X units), Russia (X units) and France (X units) were the main destinations of positive displacement pump exports from Finland, with a combined 61% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +44.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for positive displacement pump exported from Finland were Russia ($X), Norway ($X) and the United States ($X), with a combined 47% share of total exports. France, Estonia, Sweden and Germany lagged somewhat behind, together accounting for a further 18%.

France, with a CAGR of +9.1%, 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 positive displacement pump export price stood at $X per unit in 2021, shrinking by -30.8% against the previous year. In general, the export price recorded a dramatic shrinkage. The growth pace was the most rapid in 2013 when the average export price increased by 39% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

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 ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (-14.4%), while the prices for the other major destinations experienced a decline.

Positive Displacement Pump Imports

Imports into Finland

In 2021, overseas purchases of positive displacement pumps and hand pumps increased by 5% to X units, rising for the sixth consecutive year after three years of decline. In general, imports saw a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by 97%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, positive displacement pump imports expanded remarkably to $X in 2021. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Sweden (X units), the UK (X units) and Germany (X units) were the main suppliers of positive displacement pump imports to Finland, together comprising 51% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +26.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest positive displacement pump suppliers to Finland were the UK ($X), Sweden ($X) and Germany ($X), together accounting for 58% of total imports. These countries were followed by Italy, the Netherlands, China, Denmark and South Korea, which together accounted for a further 32%.

Among the main suppliers, Denmark, with a CAGR of +17.8%, saw 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

The average positive displacement pump import price stood at $X per unit in 2021, increasing by 2.1% against the previous year. Overall, the import price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2014 an increase of 31%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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