Finland: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Finland

The Finnish steam blasting machine market declined sharply to $X in 2023, which is down by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Steam Blasting Machine Production in Finland

In value terms, steam blasting machine production totaled $X in 2023 estimated in export price. Over the period under review, production enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Steam Blasting Machine Exports

Exports from Finland

In 2023, approx. X units of steam or sand blasting machines and similar jet-projecting machines were exported from Finland; growing by X% against 2022. Over the period under review, exports recorded moderate growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, steam blasting machine exports dropped to $X in 2023. In general, exports posted a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then reduced in the following year.

Exports by Country

Norway (X units) was the main destination for steam blasting machine exports from Finland, accounting for a X% share of total exports. Moreover, steam blasting machine exports to Norway exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by Spain (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Norway totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Spain (X% per year).

In value terms, the largest markets for steam blasting machine exported from Finland were Norway ($X), Sweden ($X) and China ($X), together accounting for X% of total exports. Saudi Arabia, Spain, Poland, Italy, Russia, the United States, the Netherlands, Estonia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 steam blasting machine export price stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the export price, however, continues to indicate perceptible growth. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2022, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Finland

In 2023, approx. X units of steam or sand blasting machines and similar jet-projecting machines were imported into Finland; with a decrease of X% compared with the year before. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, steam blasting machine imports shrank to $X in 2023. In general, imports recorded a perceptible curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Poland (X units) and Italy (X units) were the main suppliers of steam blasting machine imports to Finland, together comprising X% of total imports. China, Denmark, the Netherlands, Sweden and Croatia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) appeared to be the largest steam blasting machine suppliers to Finland, with a combined X% share of total imports. Sweden, Denmark, the Netherlands, China and Croatia lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw 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

In 2023, the average steam blasting machine import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, steam blasting machine import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform