Finland: Vapour Generating Boiler Market 2025

Vapour Generating Boiler Market Size in Finland

The Finnish vapour generating boiler market amounted to $X in 2021, growing by 15% against the previous year. Overall, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Vapour Generating Boiler Production in Finland

In value terms, vapour generating boiler production plummeted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a significant curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30%. Vapour generating boiler production peaked at $X in 2020, and then contracted markedly in the following year.

Vapour Generating Boiler Exports

Exports from Finland

In 2021, overseas shipments of vapour generating boilers decreased by -31.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 263% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vapour generating boiler exports contracted sharply to $X in 2021. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 214% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Mali (X tons) and Saudi Arabia (X tons) were the main destinations of vapour generating boiler exports from Finland, together comprising 87% of total exports. These countries were followed by Sweden, Norway, the Netherlands, Latvia and Turkey, which together accounted for a further 9.4%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +66.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Mali ($X) and Saudi Arabia ($X) appeared to be the largest markets for vapour generating boiler exported from Finland worldwide, together comprising 67% of total exports. These countries were followed by Latvia, the Netherlands, Norway, Sweden and Turkey, which together accounted for a further 18%.

The Netherlands, with a CAGR of +62.8%, 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 2021, the average vapour generating boiler export price amounted to $X per ton, increasing by 5.3% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 25%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Latvia ($X per ton), while the average price for exports to Mali ($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 Latvia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vapour Generating Boiler Imports

Imports into Finland

In 2021, overseas purchases of vapour generating boilers decreased by -73.7% to X tons, falling for the third consecutive year after two years of growth. Overall, imports faced a sharp curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, vapour generating boiler imports shrank markedly to $X in 2021. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 42%. 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

Poland (X tons), Denmark (X tons) and Italy (X tons) were the main suppliers of vapour generating boiler imports to Finland, with a combined 92% share of total imports. These countries were followed by the Philippines and Germany, which together accounted for a further 2.5%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +94.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X), Italy ($X) and Denmark ($X) appeared to be the largest vapour generating boiler suppliers to Finland, with a combined 83% share of total imports. These countries were followed by the Philippines and Germany, which together accounted for a further 3.4%.

In terms of the main suppliers, the Philippines, with a CAGR of +69.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average vapour generating boiler import price amounted to $X per ton, jumping by 36% against the previous year. In general, the import price continues to indicate a temperate increase. The growth pace was the most rapid in 2020 when the average import price increased by 96% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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