Finland: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in Finland

The Finnish wood slicing machine market soared to $X in 2021, rising by 63% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Wood Slicing Machine Production in Finland

In value terms, wood slicing machine production stood at $X in 2021 estimated in export price. Overall, production showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wood Slicing Machine Exports

Exports from Finland

In 2021, approx. X units of splitting, slicing or paring machines were exported from Finland; rising by 42% compared with 2020 figures. Over the period under review, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood slicing machine exports soared to $X in 2021. In general, exports, however, saw a pronounced decline. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units), Russia (X units) and France (X units) were the main destinations of wood slicing machine exports from Finland, with a combined 46% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +14.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for splitting, slicing or paring machines exports from Finland, comprising 54% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Norway, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+19.7% per year) and Norway (-9.7% per year).

Export Prices by Country

In 2021, the average wood slicing machine export price amounted to $X per unit, surging by 19% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood slicing machine export price increased by +82.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Estonia ($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 Chile (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Slicing Machine Imports

Imports into Finland

In 2021, approx. X units of splitting, slicing or paring machines were imported into Finland; increasing by 78% against the previous year's figure. Overall, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 81%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wood slicing machine imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 105%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest wood slicing machine supplier to Finland, accounting for a 88% share of total imports. Moreover, wood slicing machine imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+5.2% per year) and Germany (-5.5% per year).

In value terms, China ($X) constituted the largest supplier of splitting, slicing or paring machines to Finland, comprising 72% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Estonia, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.9% per year) and Estonia (+5.1% per year).

Import Prices by Country

The average wood slicing machine import price stood at $X per unit in 2021, growing by 6.3% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood slicing machine import price increased by +56.9% against 2015 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 29%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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