Finland: Refrigerated Show-Cases Market 2024

Refrigerated Show-Cases Market Size in Finland

After two years of growth, the Finnish refrigerated show-cases market decreased by -4.4% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Refrigerated show-cases consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Refrigerated Show-Cases Production in Finland

In value terms, refrigerated show-cases production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Refrigerated Show-Cases Exports

Exports from Finland

In 2022, exports of refrigerated show-caseses from Finland contracted modestly to X units, with a decrease of -2.2% on 2021. Over the period under review, exports showed a slight slump. The growth pace was the most rapid in 2014 when exports increased by 16%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, refrigerated show-cases exports rose modestly to $X in 2022. Overall, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 13%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X units), Norway (X units) and Denmark (X units) were the main destinations of refrigerated show-cases exports from Finland, together comprising 61% of total exports. Germany, the Netherlands, Estonia, Poland, Lithuania, Russia and Latvia lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +30.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refrigerated show-cases exported from Finland were Norway ($X), Germany ($X) and Sweden ($X), together comprising 62% of total exports. Denmark, the Netherlands, Estonia, Poland, Russia, Lithuania and Latvia lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +25.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refrigerated show-cases export price stood at $X per unit in 2022, increasing by 3.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 15% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($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 Poland (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerated Show-Cases Imports

Imports into Finland

In 2022, approx. X units of refrigerated show-caseses were imported into Finland; with a decrease of -8.8% on 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, refrigerated show-cases imports dropped slightly to $X in 2022. In general, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 41% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest refrigerated show-cases supplier to Finland, with a 41% share of total imports. Moreover, refrigerated show-cases imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), threefold. Turkey (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+2.6% per year) and Turkey (+11.4% per year).

In value terms, Italy ($X) constituted the largest supplier of refrigerated show-caseses to Finland, comprising 27% of total imports. The second position in the ranking was taken by Sweden ($X), with a 12% share of total imports. It was followed by Poland, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-1.7% per year) and Poland (+9.8% per year).

Import Prices by Country

The average refrigerated show-cases import price stood at $X per unit in 2022, increasing by 5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, 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 Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform