Finland: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Finland

The Finnish liquid dispensing pump market skyrocketed to $X in 2021, picking up by 54% against the previous year. Over the period under review, consumption enjoyed a buoyant expansion. Liquid dispensing pump consumption peaked in 2021 and is expected to retain growth in the immediate term.

Liquid Dispensing Pump Production in Finland

In value terms, liquid dispensing pump production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 123% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Liquid Dispensing Pump Exports

Exports from Finland

In 2021, exports of pumps for dispensing liquids from Finland soared to X units, rising by 73% against 2020. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 130% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, liquid dispensing pump exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

China (X units), India (X units) and the United States (X units) were the main destinations of liquid dispensing pump exports from Finland, with a combined 51% share of total exports. The Netherlands, Russia, France, the UK, Kenya, Latvia, Germany, Estonia, Sweden and Norway lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +134.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and the Netherlands ($X) were the largest markets for liquid dispensing pump exported from Finland worldwide, with a combined 50% share of total exports. These countries were followed by India, Russia, Germany, the UK, Norway, Kenya, France, Estonia, Latvia and Sweden, which together accounted for a further 42%.

India, with a CAGR of +148.8%, recorded the highest rates of growth with regard to 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 liquid dispensing pump export price stood at $X per unit in 2021, reducing by -33.5% against the previous year. In general, the export price saw a deep downturn. The growth pace was the most rapid in 2019 when the average export price increased by 111%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 Germany (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Liquid Dispensing Pump Imports

Imports into Finland

In 2021, the amount of pumps for dispensing liquids imported into Finland soared to X units, growing by 98% on 2020 figures. In general, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquid dispensing pump imports rose modestly to $X in 2021. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 42% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Sweden (X units) and Germany (X units) were the main suppliers of liquid dispensing pump imports to Finland, together accounting for 71% of total imports. These countries were followed by Italy, the United States, Bulgaria, Denmark, the Netherlands, the UK and Switzerland, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Sweden ($X) appeared to be the largest liquid dispensing pump suppliers to Finland, with a combined 79% share of total imports.

The United States, with a CAGR of +24.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average liquid dispensing pump import price stood at $X per unit in 2021, with a decrease of -48.2% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 48% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 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 United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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