Finland: Winche And Capstan Market 2025

Winche And Capstan Market Size in Finland

The Finnish winche and capstan market skyrocketed to $X in 2021, jumping by 330% against the previous year. Overall, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Winche And Capstan Production in Finland

In value terms, winche and capstan production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The growth pace was the most rapid in 2016 when the production volume increased by 552%. Winche and capstan production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Winche And Capstan Exports

Exports from Finland

In 2021, shipments abroad of winches and capstans increased by 84% to X units, rising for the fourth consecutive year after two years of decline. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 145% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, winche and capstan exports soared to $X in 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 432%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for winche and capstan exports from Finland, accounting for a 63% share of total exports. Moreover, winche and capstan exports to Italy exceeded the volume sent to the second major destination, Germany (X units), fivefold. China (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +52.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+48.8% per year) and China (+194.9% per year).

In value terms, Italy ($X), China ($X) and Germany ($X) were the largest markets for winche and capstan exported from Finland worldwide, with a combined 93% share of total exports.

China, with a CAGR of +164.8%, saw 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

The average winche and capstan export price stood at $X per unit in 2021, which is down by -10% against the previous year. Over the period under review, the export price saw a deep downturn. The growth pace was the most rapid in 2013 an increase of 117% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Estonia ($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 Sweden (+1.1%), while the prices for the other major destinations experienced a decline.

Winche And Capstan Imports

Imports into Finland

In 2021, overseas purchases of winches and capstans increased by 87% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, winche and capstan imports surged to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 increased by +41.9% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of winche and capstan imports to Finland, together accounting for 67% of total imports. These countries were followed by Italy, the UK, South Korea, Estonia, Taiwan (Chinese), the United States and Poland, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +80.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) constituted the largest winche and capstan suppliers to Finland, together accounting for 64% of total imports. These countries were followed by Sweden, the UK, Estonia, South Korea, the United States, Taiwan (Chinese) and Poland, which together accounted for a further 30%.

South Korea, with a CAGR of +81.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average winche and capstan import price stood at $X per unit in 2021, reducing by -14.8% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 42%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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