Finland: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Finland

In 2021, the Finnish metal threading machine market increased by 151% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed a remarkable increase. Metal threading machine consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Metal Threading Machine Production in Finland

In value terms, metal threading machine production totaled less than $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume decreased by 99.9% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Threading Machine Exports

Exports from Finland

Metal threading machine exports from Finland soared to X units in 2021, increasing by 4,883% compared with the previous year's figure. In general, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal threading machine exports surged to $X in 2021. Overall, exports showed a prominent expansion. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for metal threading machine exports from Finland, with a 91% share of total exports. Moreover, metal threading machine exports to Turkey exceeded the volume sent to the second major destination, Russia (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +62.3%.

In value terms, Russia ($X) remains the key foreign market for threading or tapping machines for working metal exports from Finland, comprising 73% of total exports. The second position in the ranking was taken by Turkey ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +51.5%.

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, dropping by -90.6% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 146% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted rapidly in the following year.

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 Turkey totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into Finland

In 2021, overseas purchases of threading or tapping machines for working metal decreased by -39% to X units, falling for the fourth consecutive year after two years of growth. Overall, imports recorded a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 91% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, metal threading machine imports reduced remarkably to $X in 2021. Over the period under review, imports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2017 with an increase of 224% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X units) constituted the largest metal threading machine supplier to Finland, with a 50% share of total imports. Moreover, metal threading machine imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. China (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+35.1% per year) and China (+1.9% per year).

In value terms, the largest metal threading machine suppliers to Finland were Germany ($X), Spain ($X) and Denmark ($X), with a combined 88% share of total imports. These countries were followed by China and the UK, which together accounted for a further 12%.

Among the main suppliers, China, with a CAGR of +61.1%, saw the highest rates of growth with regard to 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 2021, the average metal threading machine import price amounted to $X per unit, rising by 25% against the previous year. Over the period under review, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 89% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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