Finland: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Finland

In 2021, the Finnish market for pneumatic or hydraulic hand tools was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, recorded a noticeable slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Finland

In value terms, pneumatic or hydraulic hand tool production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. Over the period under review, production attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Finland

Pneumatic or hydraulic hand tool exports from Finland shrank to X tons in 2021, reducing by -7.4% on the previous year's figure. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 32%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports rose markedly to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons), France (X tons) and Russia (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Finland, together accounting for 44% of total exports. Sweden, Latvia, Lithuania, India, the United States, Brazil, Norway, Turkey, Mexico and Ukraine lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +100.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Finland were Estonia ($X), Russia ($X) and Sweden ($X), with a combined 40% share of total exports. France, Lithuania, the United States, India, Latvia, Turkey, Mexico, Norway, Brazil and Ukraine lagged somewhat behind, together comprising a further 38%.

Turkey, with a CAGR of +93.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, surging by 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2019 an increase of 38% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Finland

In 2021, supplies from abroad of pneumatic or hydraulic hand tools was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a deep contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool imports expanded markedly to $X in 2021. In general, imports, however, saw a noticeable contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Finland, with a combined 75% share of total imports. The United States, Taiwan (Chinese), the Netherlands, Denmark, Estonia, Japan and France lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +29.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic or hydraulic hand tool suppliers to Finland were Sweden ($X), Germany ($X) and China ($X), together comprising 66% of total imports. The United States, the Netherlands, France, Japan, Taiwan (Chinese), Denmark and Estonia lagged somewhat behind, together comprising a further 21%.

Denmark, with a CAGR of +20.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for pneumatic or hydraulic hand tools amounted to $X per ton, remaining constant against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23%. The import price peaked at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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