Finland: Thread Rolling Machine Market 2024

Thread Rolling Machine Market Size in Finland

The Finnish thread rolling machine market surged to $X in 2022, picking up by 78% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Thread Rolling Machine Production in Finland

In value terms, thread rolling machine production stood at $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 10% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Thread Rolling Machine Exports

Exports from Finland

In 2022, exports of thread rolling machines for working metal, sintered metal carbides or cermets from Finland soared to X units, jumping by 86% compared with the previous year's figure. Overall, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 133%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, thread rolling machine exports surged to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 125% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X units), Germany (X units) and Hungary (X units) were the main destinations of thread rolling machine exports from Finland, with a combined 69% share of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for thread rolling machine exported from Finland worldwide, together accounting for 72% of total exports.

The Netherlands, with a CAGR of +61.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average thread rolling machine export price amounted to $X per unit, with a decrease of -9% against the previous year. Over the period under review, export price indicated slight growth from 2013 to 2022: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, thread rolling machine export price decreased by -12.1% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 87% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per unit) and the Netherlands ($X per unit), while the average price for exports to South Korea ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Thread Rolling Machine Imports

Imports into Finland

In 2022, approx. X units of thread rolling machines for working metal, sintered metal carbides or cermets were imported into Finland; remaining constant against the previous year. Overall, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 100%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, thread rolling machine imports totaled $X in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 900% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of thread rolling machine imports to Finland. Moreover, thread rolling machine imports in China exceeded the figures recorded by the second-largest supplier, Italy, twofold.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest thread rolling machine suppliers to Finland were Italy ($X), Germany ($X) and China ($X).

In terms of the main suppliers, China, with a CAGR of +10.4%, 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 thread rolling machine import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price recorded a significant increase. The growth pace was the most rapid in 2015 an increase of 504%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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