Finland: Sealed Beam Market 2024

Sealed Beam Market Size in Finland

In 2022, the Finnish sealed beam market was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a pronounced decline. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sealed Beam Exports

Exports from Finland

In 2022, exports of sealed beam lamp units from Finland skyrocketed to X units, jumping by 69% against the year before. In general, exports continue to indicate a measured expansion. The pace of growth was the most pronounced in 2016 when exports increased by 351%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sealed beam exports skyrocketed to $X in 2022. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 598% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Estonia (X units) was the main destination for sealed beam exports from Finland, with a 48% share of total exports. Moreover, sealed beam exports to Estonia exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was taken by France (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+89.2% per year) and France (+15.9% per year).

In value terms, the largest markets for sealed beam exported from Finland were the UK ($X), France ($X) and Estonia ($X), together accounting for 51% of total exports. The United States, China, Russia, Sweden, Singapore and Norway lagged somewhat behind, together comprising a further 21%.

China, with a CAGR of +79.7%, saw 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 2022, the average sealed beam export price amounted to $X per unit, with an increase of 25% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 55%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Singapore ($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 the UK (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sealed Beam Imports

Imports into Finland

In 2022, after two years of decline, there was significant growth in overseas purchases of sealed beam lamp units, when their volume increased by 84% to X units. Over the period under review, imports, however, showed a perceptible curtailment. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, sealed beam imports surged to $X in 2022. In general, imports, however, continue to indicate a perceptible shrinkage. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Austria (X units) were the main suppliers of sealed beam imports to Finland, with a combined 78% share of total imports. India, Poland, Sweden and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +235.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Austria ($X) and Germany ($X) constituted the largest sealed beam suppliers to Finland, with a combined 47% share of total imports. Sweden, Taiwan (Chinese), Poland and India lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, India, with a CAGR of +158.3%, saw the highest growth rate of 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

The average sealed beam import price stood at $X per unit in 2022, declining by -9.9% against the previous year. In general, the import price recorded a mild descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 64% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Sweden ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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