Finland: Seeder And Planter Market 2024

Seeder And Planter Market Size in Finland

The Finnish seeder and planter market was estimated at less than $X in 2021, leveling off at the previous year. Over the period under review, consumption showed a noticeable downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Seeder And Planter Production in Finland

In value terms, seeder and planter production stood at less than $X in 2021 estimated in export price. In general, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 62%. Seeder and planter production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Seeder And Planter Exports

Exports from Finland

In 2016, after three years of decline, there was significant growth in shipments abroad of seeders, planters, transplanters, when their volume increased by 25% to X units. Overall, exports, however, showed a perceptible setback. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

In value terms, seeder and planter exports skyrocketed to $X in 2016. In general, exports, however, saw a abrupt downturn. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2016, the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for seeder and planter exports from Finland, with a 34% share of total exports. Moreover, seeder and planter exports to Norway exceeded the volume sent to the second major destination, Hungary (X units), twofold. Japan (X units) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Norway totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+10.3% per year) and Japan (-13.3% per year).

In value terms, Norway ($X) remains the key foreign market for seeders, planters, transplanters exports from Finland, comprising 32% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports. It was followed by Hungary, with a 13% share.

From 2012 to 2016, the average annual growth rate of value to Norway stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-14.3% per year) and Hungary (+6.8% per year).

Export Prices by Country

In 2016, the average seeder and planter export price amounted to $X per unit, approximately mirroring the previous year. Overall, the export price showed a noticeable descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 12% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2016, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2016, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (-1.1%), while the prices for the other major destinations experienced a decline.

Seeder And Planter Imports

Imports into Finland

Seeder and planter imports into Finland dropped markedly to X units in 2016, shrinking by -53.5% compared with the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 97% against the previous year. As a result, imports reached the peak of X units, and then dropped notably in the following year.

In value terms, seeder and planter imports shrank remarkably to $X in 2016. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 69%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

Germany (X units), Sweden (X units) and Austria (X units) were the main suppliers of seeder and planter imports to Finland, together comprising 82% of total imports.

From 2012 to 2016, the biggest increases were recorded for Germany (with a CAGR of +38.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Austria ($X) were the largest seeder and planter suppliers to Finland, together comprising 80% of total imports.

Among the main suppliers, Germany, with a CAGR of +24.5%, recorded 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

In 2016, the average seeder and planter import price amounted to $X per unit, dropping by -11.1% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 10%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2016, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the United States (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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