Finland: Pump For Liquid Market 2024

Pump For Liquid Market Size in Finland

In 2021, the Finnish pump for liquid market increased by 16% to $X, rising for the sixth year in a row after two years of decline. In general, consumption showed buoyant growth. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Pump For Liquid Production in Finland

In value terms, pump for liquid production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 14%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Pump For Liquid Exports

Exports from Finland

In 2021, shipments abroad of pumps for liquids and liquid elevators increased by 76% to X units, rising for the sixth consecutive year after three years of decline. In general, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pump for liquid exports expanded notably to $X in 2021. Over the period under review, exports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2019 with an increase of 15%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units), Norway (X units) and Estonia (X units) were the main destinations of pump for liquid exports from Finland, with a combined 41% share of total exports. These countries were followed by France, Sweden, Germany, Poland, the Netherlands, the United States, Uruguay, China and Lithuania, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Uruguay (with a CAGR of +85.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Sweden ($X) and France ($X) constituted the largest markets for pump for liquid exported from Finland worldwide, with a combined 31% share of total exports. The United States, Germany, the Netherlands, Uruguay, Norway, China, Poland, Lithuania and Estonia lagged somewhat behind, together accounting for a further 30%.

Uruguay, with a CAGR of +59.0%, recorded 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

In 2021, the average pump for liquid export price amounted to $X per unit, declining by -40.1% against the previous year. Overall, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 3.3%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Estonia ($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 Lithuania (-9.5%), while the prices for the other major destinations experienced a decline.

Pump For Liquid Imports

Imports into Finland

In 2021, purchases abroad of pumps for liquids and liquid elevators increased by 21% to X units, rising for the sixth consecutive year after three years of decline. In general, imports posted a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 70%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, pump for liquid imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and Sweden (X units) were the main suppliers of pump for liquid imports to Finland, together comprising 48% of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +24.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pumps for liquids and liquid elevators to Finland, comprising 36% of total imports. The second position in the ranking was held by Sweden ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+6.6% per year) and the Netherlands (+21.3% per year).

Import Prices by Country

In 2021, the average pump for liquid import price amounted to $X per unit, which is down by -4.5% against the previous year. Over the period under review, the import price recorded a deep reduction. The growth pace was the most rapid in 2014 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform