Finland: Silencer Market 2024

Silencer Market Size in Finland

The Finnish silencer market skyrocketed to $X in 2021, jumping by 17% against the previous year. In general, consumption saw a strong expansion. Silencer consumption peaked in 2021 and is likely to see gradual growth in the near future.

Silencer Production in Finland

In value terms, silencer production surged to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +112.3% against 2015 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Silencer Exports

Exports from Finland

Silencer exports from Finland surged to X tons in 2021, increasing by 18% compared with 2020 figures. The total export volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silencer exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons) was the main destination for silencer exports from Finland, accounting for a 31% share of total exports. Moreover, silencer exports to Denmark exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by Sweden (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark amounted to +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.0% per year) and Sweden (+4.0% per year).

In value terms, the largest markets for silencer exported from Finland were Denmark ($X), the Netherlands ($X) and Sweden ($X), together comprising 55% of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of +27.4%, saw the highest rates of growth with regard to 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 silencer export price stood at $X per ton in 2021, picking up by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Silencer Imports

Imports into Finland

In 2021, the amount of silencers and exhaust pipes imported into Finland rose rapidly to X tons, picking up by 12% compared with the year before. Over the period under review, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 58% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, silencer imports soared to $X in 2021. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 48%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest silencer supplier to Finland, with a 46% share of total imports. Moreover, silencer imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +48.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.9% per year) and Poland (+31.7% per year).

In value terms, Germany ($X) constituted the largest supplier of silencer to Finland, comprising 50% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports. It was followed by Italy, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +48.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+0.9% per year) and Italy (+24.3% per year).

Import Prices by Country

In 2021, the average silencer import price amounted to $X per ton, with an increase of 3.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 31%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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