Finland: Market for Conveyor Or Transmission Belts Or Belting 2022

Market Size for Conveyor Or Transmission Belts Or Belting in Finland

The Finnish conveyor or transmission belt market soared to $X in 2021, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Conveyor Or Transmission Belts Or Belting in Finland

In value terms, conveyor or transmission belt production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Conveyor or transmission belt production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Finland

In 2021, overseas shipments of conveyor or transmission belts or belting decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, conveyor or transmission belt exports surged to $X in 2021. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for conveyor or transmission belt exports from Finland, accounting for a X% share of total exports. Moreover, conveyor or transmission belt exports to Sweden exceeded the volume sent to the second major destination, Belgium (X tons), threefold. Estonia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Sweden totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and Estonia (+X% per year).

In value terms, the largest markets for conveyor or transmission belt exported from Finland were Sweden ($X), Russia ($X) and Belgium ($X), together comprising X% of total exports. Norway, Estonia, the United States, the Netherlands, Germany, France, China and Latvia lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, 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 mixed trend patterns.

Export Prices by Country

The average conveyor or transmission belt export price stood at $X per ton in 2020, jumping by X% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Russia ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Finland

In 2021, the amount of conveyor or transmission belts or belting imported into Finland soared to X tons, with an increase of X% on 2020. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, conveyor or transmission belt imports surged to $X in 2021. Over the period under review, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Hungary (X tons) constituted the largest conveyor or transmission belt supplier to Finland, accounting for a X% share of total imports. Moreover, conveyor or transmission belt imports from Hungary exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with an X% share.

From 2012 to 2020, the average annual growth rate of volume from Hungary totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Turkey (+X% per year).

In value terms, Germany ($X), Hungary ($X) and Sweden ($X) constituted the largest conveyor or transmission belt suppliers to Finland, with a combined X% share of total imports.

Among the main suppliers, Hungary, with a CAGR of +X%, 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

The average conveyor or transmission belt import price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Sweden (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Kaynak: IndexBox Platformu