Finland: Market for Printers, Copying Machines And Facsimile Machines 2024

Market Size for Printers, Copying Machines And Facsimile Machines in Finland

The Finnish printers and copying machines market skyrocketed to $X in 2021, picking up by 47% 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). Over the period under review, consumption, however, recorded a abrupt decrease. Printers and copying machines consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Printers, Copying Machines And Facsimile Machines

Exports from Finland

In 2021, approx. X units of printers, copying machines and facsimile machines were exported from Finland; picking up by 71% on 2020 figures. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 752% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, printers and copying machines exports expanded notably to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 391%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for printers and copying machines exports from Finland, accounting for a 59% share of total exports. Moreover, printers and copying machines exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), fivefold. Kazakhstan (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+44.2% per year) and Kazakhstan (+57.4% per year).

In value terms, Russia ($X) remains the key foreign market for printers, copying machines and facsimile machines exports from Finland, comprising 56% of total exports. The second position in the ranking was held by Ukraine ($X), with a 9.8% share of total exports. It was followed by Uzbekistan, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+22.6% per year) and Uzbekistan (+47.2% per year).

Export Prices by Country

In 2021, the average printers and copying machines export price amounted to $X per unit, falling by -38.4% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 80%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Azerbaijan ($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 Russia (-5.2%), while the prices for the other major destinations experienced a decline.

Imports of Printers, Copying Machines And Facsimile Machines

Imports into Finland

In 2021, purchases abroad of printers, copying machines and facsimile machines increased by 75% to X units, rising for the fifth year in a row after four years of decline. Over the period under review, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, printers and copying machines imports rose notably to $X in 2021. Overall, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2019 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Philippines (X units) constituted the largest printers and copying machines supplier to Finland, with a 42% share of total imports. Moreover, printers and copying machines imports from the Philippines exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by Sweden (X units), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Philippines stood at +40.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.8% per year) and Sweden (-8.3% per year).

In value terms, the Philippines ($X) constituted the largest supplier of printers, copying machines and facsimile machines to Finland, comprising 28% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the Philippines totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.1% per year) and the Netherlands (-11.4% per year).

Import Prices by Country

In 2021, the average printers and copying machines import price amounted to $X per unit, with a decrease of -35.7% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 36%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained 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 Netherlands ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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