Finland: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in Finland

The Finnish stone sawing machine market rose markedly to $X in 2021, with an increase of 8.8% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.7% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Stone Sawing Machine Production in Finland

In value terms, stone sawing machine production rose modestly to $X in 2021 estimated in export price. Overall, production, however, showed a deep setback. Stone sawing machine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Stone Sawing Machine Exports

Exports from Finland

In 2021, shipments abroad of sawing machines for working stone, ceramics and concrete decreased by -15.5% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2016 with an increase of 202%. Over the period under review, the exports reached the maximum at X units in 2020, and then fell dramatically in the following year.

In value terms, stone sawing machine exports reached $X in 2021. Overall, exports, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2019 when exports increased by 93%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units), Norway (X units) and Aruba (X units) were the main destinations of stone sawing machine exports from Finland, with a combined 63% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +378.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for sawing machines for working stone, ceramics and concrete exports from Finland, comprising 41% of total exports. The second position in the ranking was taken by Lithuania ($X), with an 8.8% share of total exports. It was followed by India, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Norway stood at +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+5.0% per year) and India (+10.2% per year).

Export Prices by Country

In 2021, the average stone sawing machine export price amounted to $X per unit, picking up by 21% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 69% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Norway ($X per unit), while the average price for exports to China ($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 (-9.5%), while the prices for the other major destinations experienced a decline.

Stone Sawing Machine Imports

Imports into Finland

In 2021, the amount of sawing machines for working stone, ceramics and concrete imported into Finland surged to X units, growing by 32% on 2020 figures. In general, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 76%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, stone sawing machine imports skyrocketed to $X in 2021. Overall, imports continue to indicate notable growth. The growth pace was the most rapid in 2013 when imports increased by 66%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X units), China (X units) and Germany (X units) were the main suppliers of stone sawing machine imports to Finland, together comprising 78% of total imports. Italy, Spain and Norway lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +81.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stone sawing machine suppliers to Finland were Sweden ($X), Norway ($X) and Germany ($X), together accounting for 53% of total imports.

In terms of the main suppliers, Norway, with a CAGR of +93.3%, saw the highest rates of growth with regard to 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

In 2021, the average stone sawing machine import price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 245% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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