Finland: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Finland

The Finnish market for spray guns and similar appliances expanded notably to $X in 2022, rising by 6% against the previous year. Over the period under review, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.5% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Spray Guns And Similar Appliances in Finland

In value terms, spray guns and similar appliances production rose to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of 33% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Spray Guns And Similar Appliances

Exports from Finland

In 2022, after two years of growth, there was significant decline in overseas shipments of spray guns and similar appliances, when their volume decreased by -48.7% to X units. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 326%. The exports peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, spray guns and similar appliances exports reduced dramatically to $X in 2022. Over the period under review, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 472%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units), Estonia (X units) and Norway (X units) were the main destinations of spray guns and similar appliances exports from Finland, with a combined 77% share of total exports. The Netherlands, Germany and Russia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +67.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for spray guns and similar appliances exports from Finland, comprising 35% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by Estonia, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+60.3% per year) and Estonia (+10.6% per year).

Export Prices by Country

The average export price for spray guns and similar appliances stood at $X per unit in 2022, jumping by 27% against the previous year. Overall, the export price, however, showed a noticeable contraction. The growth pace was the most rapid in 2019 an increase of 45% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into Finland

In 2022, spray guns and similar appliances imports into Finland shrank to X units, with a decrease of -4.2% against the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 30% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, spray guns and similar appliances imports fell to $X in 2022. In general, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.5% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 33% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spray guns and similar appliances to Finland, accounting for a 54% share of total imports. Moreover, spray guns and similar appliances imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by the United States (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.6% per year) and the United States (+14.4% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest spray guns and similar appliances suppliers to Finland, with a combined 74% share of total imports. Italy, Sweden, Denmark, Taiwan (Chinese), Hungary and the UK lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Hungary, with a CAGR of +30.3%, 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 2022, the average import price for spray guns and similar appliances amounted to $X per unit, growing by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 23%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average 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 the UK ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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