Finland: Thermoforming Machine Market 2025

Thermoforming Machine Market Size in Finland

The Finnish thermoforming machine market fell notably to $X in 2021, shrinking by -56.2% against the previous year. In general, consumption showed a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Thermoforming Machine Production in Finland

In value terms, thermoforming machine production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 250%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Thermoforming Machine Exports

Exports from Finland

In 2021, the amount of thermoforming machines for working rubber or plastics exported from Finland surged to X units, growing by 600% against 2020. In general, exports recorded a resilient increase. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, thermoforming machine exports declined rapidly to $X in 2021. Overall, exports, however, faced a sharp slump. The pace of growth appeared the most rapid in 2019 when exports increased by 2,973% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units), the UK (X units) and Latvia (X units) were the main destinations of thermoforming machine exports from Finland, with a combined 86% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +31.6%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Sweden ($X) and Denmark ($X) appeared to be the largest markets for thermoforming machine exported from Finland worldwide, together accounting for 94% of total exports. These countries were followed by the UK, which accounted for a further 6.1%.

In terms of the main countries of destination, the UK, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average thermoforming machine export price stood at $X per unit in 2021, dropping by -98.5% against the previous year. Overall, the export price saw a dramatic decline. The most prominent rate of growth was recorded in 2019 an increase of 2,590% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to the UK ($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 Russia (+5.8%), while the prices for the other major destinations experienced a decline.

Thermoforming Machine Imports

Imports into Finland

In 2021, after four years of growth, there was significant decline in supplies from abroad of thermoforming machines for working rubber or plastics, when their volume decreased by -61.9% to X units. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2014 when imports increased by 540% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, thermoforming machine imports skyrocketed to $X in 2021. In general, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 3,213% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X units) constituted the largest thermoforming machine supplier to Finland, accounting for a 64% share of total imports. Moreover, thermoforming machine imports from the UK exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +54.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+44.3% per year) and Germany (-32.0% per year).

In value terms, the largest thermoforming machine suppliers to Finland were the UK ($X), Taiwan (Chinese) ($X) and Germany ($X), with a combined 26% share of total imports. China, Denmark, Austria, Sweden and Slovakia lagged somewhat behind, together comprising a further 9.1%.

China, with a CAGR of +40.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average thermoforming machine import price stood at $X per unit in 2021, jumping by 409% against the previous year. Over the period under review, the import price, however, saw a noticeable setback. The pace of growth was the most pronounced in 2016 when the average import price increased by 629% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+36.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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