Finland: Video Monitor Market 2024

Video Monitor Market Size in Finland

The Finnish video monitor market reduced to $X in 2021, with a decrease of -6.2% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 increased by +81.0% against 2016 indices. Video monitor consumption peaked at $X in 2020, and then declined in the following year.

Video Monitor Production in Finland

In value terms, video monitor production soared to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 303%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Video Monitor Exports

Exports from Finland

For the fourth consecutive year, Finland recorded growth in overseas shipments of video monitors, which increased by 32% to X units in 2021. In general, exports saw a strong increase. The growth pace was the most rapid in 2015 when exports increased by 58% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, video monitor exports skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 31% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X units), Sweden (X units) and Russia (X units) were the main destinations of video monitor exports from Finland, with a combined 68% share of total exports. Poland, Bulgaria, Denmark, Lithuania, Germany, Ukraine, Slovakia, Kazakhstan and Egypt lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +61.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for video monitors exports from Finland, comprising 36% of total exports. The second position in the ranking was held by Sweden ($X), with a 17% share of total exports. It was followed by Denmark, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+20.7% per year) and Denmark (+48.0% per year).

Export Prices by Country

The average video monitor export price stood at $X per unit in 2021, falling by -11.2% against the previous year. In general, the export price showed a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 49% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Video Monitor Imports

Imports into Finland

For the fifth consecutive year, Finland recorded growth in purchases abroad of video monitors, which increased by 2.8% to X units in 2021. Over the period under review, imports posted a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, video monitor imports rose sharply to $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.8% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 24% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Sweden (X units) and Germany (X units) were the main suppliers of video monitor imports to Finland, with a combined 84% share of total imports. These countries were followed by the Czech Republic and China, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +45.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest video monitor suppliers to Finland were the Netherlands ($X), Sweden ($X) and Germany ($X), with a combined 84% share of total imports.

Among the main suppliers, Germany, with a CAGR of +32.1%, recorded 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 video monitor import price amounted to $X per unit, surging by 3.5% against the previous year. In general, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :