Finland: Market for Vacuum Cleaners With Motor 2025

Market Size for Vacuum Cleaners With Motor in Finland

For the seventh year in a row, the Finnish vacuum cleaner with motor market recorded growth in sales value, which increased by 24% to $X in 2021. In general, consumption posted a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Vacuum Cleaners With Motor in Finland

In value terms, vacuum cleaner with motor production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded temperate growth. The most prominent rate of growth was recorded in 2013 with an increase of 342%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Vacuum Cleaners With Motor

Exports from Finland

In 2021, the amount of vacuum cleaners with motor exported from Finland reached X tons, with an increase of 15% against the year before. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 32%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, vacuum cleaner with motor exports surged to $X in 2021. Overall, exports, however, continue to indicate a pronounced downturn. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for vacuum cleaner with motor exports from Finland, with a 22% share of total exports. Moreover, vacuum cleaner with motor exports to Sweden exceeded the volume sent to the second major destination, Russia (X tons), twofold. Estonia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-23.8% per year) and Estonia (+9.8% per year).

In value terms, the largest markets for vacuum cleaner with motor exported from Finland were Russia ($X), Sweden ($X) and Estonia ($X), with a combined 50% share of total exports. These countries were followed by Latvia, France, Singapore, Poland, Belgium, Denmark, China, the United States, Lithuania and Brazil, which together accounted for a further 37%.

Among the main countries of destination, Poland, with a CAGR of +34.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per ton in 2021, growing by 9.6% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Brazil ($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 Russia (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into Finland

For the third consecutive year, Finland recorded growth in supplies from abroad of vacuum cleaners with motor, which increased by 12% to X tons in 2021. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 17%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, vacuum cleaner with motor imports soared to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 30%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

Sweden (X tons), China (X tons) and Germany (X tons) were the main suppliers of vacuum cleaner with motor imports to Finland, with a combined 85% share of total imports. These countries were followed by Poland, Denmark, the Netherlands, Italy and Hungary, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +75.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of vacuum cleaners with motor to Finland, comprising 65% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +53.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.4% per year) and Germany (+2.8% per year).

Import Prices by Country

The average vacuum cleaner with motor import price stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vacuum cleaner with motor import price increased by +85.6% against 2015 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 26%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Poland ($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 (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :