Price for Navigational Instruments and Appliances; Parts and Accessories in Finland - 2023

Contents:

1. Price for Navigational Instruments and Appliances; Parts and Accessories in Finland (CIF) - 2022
2. Price for Navigational Instruments and Appliances; Parts and Accessories in Finland (FOB) - 2022
3. Imports of Navigational Instruments and Appliances; Parts and Accessories in Finland
4. Exports of Navigational Instruments and Appliances; Parts and Accessories in Finland

Price for Navigational Instruments and Appliances; Parts and Accessories in Finland (CIF) - 2022

The average import price for navigational instruments and appliances; parts and accessorieses stood at $104,159 per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the peak figure at $381,932 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($638,401 per ton), while the price for Belgium ($73,004 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.2%), while the prices for the other major suppliers experienced a decline.

Price for Navigational Instruments and Appliances; Parts and Accessories in Finland (FOB) - 2022

The average export price for navigational instruments and appliances; parts and accessorieses stood at $188,319 per ton in 2022, dropping by -31.6% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 18% against the previous year. The export price peaked at $327,542 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($673,487 per ton), while the average price for exports to Austria ($35,272 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 Poland (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Navigational Instruments and Appliances; Parts and Accessories in Finland

In 2022, the amount of navigational instruments and appliances; parts and accessorieses imported into Finland rose notably to 78 tons, with an increase of 6.3% against 2021 figures. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 78%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of navigational instruments and appliances; parts and accessorieses rose rapidly to $8.1M in 2022. The total import value increased at an average annual rate of +13.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 31%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Finland in 2022:

1. Netherlands (35.5 tons)
2. Belgium (13.1 tons)
3. Germany (8.4 tons)
4. Denmark (4.4 tons)
5. Hong Kong SAR (4.4 tons)
6. France (4.0 tons)
7. Italy (2.1 tons)
8. China (1.9 tons)
9. Sweden (0.9 tons)
10. Estonia (0.5 tons)
11. United Kingdom (0.5 tons)

Exports of Navigational Instruments and Appliances; Parts and Accessories in Finland

In 2022, exports of navigational instruments and appliances; parts and accessorieses from Finland skyrocketed to 11 tons, rising by 55% against the previous year. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of navigational instruments and appliances; parts and accessorieses rose remarkably to $2M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 40%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Finland in 2022:

1. Kazakhstan (4347.0 kg)
2. India (1306.0 kg)
3. Poland (1066.0 kg)
4. South Korea (877.0 kg)
5. Sweden (478.0 kg)
6. Turkey (462.0 kg)
7. Kyrgyzstan (314.0 kg)
8. United States (244.0 kg)
9. Russia (234.0 kg)
10. Austria (228.0 kg)
11. Denmark (193.0 kg)
12. Singapore (191.0 kg)
13. Norway (160.0 kg)

Source: IndexBox Market Intelligence Platform