Finland: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in Finland

The Finnish market for wiring sets used in vehicles, aircraft or ships reduced sharply to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, showed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank remarkably in the following year.

Production of Wiring sets used in vehicles, aircraft or ships in Finland

In value terms, production of wiring sets used in vehicles, aircraft or ships shrank significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Finland

In 2022, approx. X tons of wiring sets used in vehicles, aircraft or ships were exported from Finland; which is down by X% compared with the year before. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships reduced rapidly to $X in 2022. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Finland, accounting for a X% share of total exports. It was followed by Estonia (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Sweden (X% per year).

In value terms, Lithuania ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Lithuania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced a decline.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Finland

Imports of wiring sets used in vehicles, aircraft or ships into Finland shrank notably to X tons in 2022, with a decrease of X% against 2021 figures. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of wiring sets used in vehicles, aircraft or ships contracted sharply to $X in 2022. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports of attained the peak figure at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest wiring sets used in vehicles, aircraft or ships supplier to Finland, accounting for a X% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from Germany exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was held by Bulgaria (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Bulgaria (X% per year).

In value terms, Germany ($X), Russia ($X) and Bulgaria ($X) appeared to be the largest wiring sets used in vehicles, aircraft or ships suppliers to Finland, together accounting for X% of total imports.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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