Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Finland - 2023

Contents:

1. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Finland (FOB) - 2022
2. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Finland (CIF) - 2022
3. Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Finland
4. Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Finland

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Finland (FOB) - 2022

In 2022, the average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $2,675 per unit, which is down by -3.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the maximum at $3,157 per unit in 2014; however, from 2015 to 2022, the export prices remained at a 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 Germany ($4,088 per unit), while the average price for exports to Switzerland ($447 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Finland (CIF) - 2022

The average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $283 per unit in 2022, shrinking by -30.1% against the previous year. Overall, the import price, however, posted a buoyant increase. The growth pace was the most rapid in 2013 when the average import price increased by 182% against the previous year. Over the period under review, average import prices hit record highs at $607 per unit in 2020; however, from 2021 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 Sweden ($2,076 per unit), while the price for China ($33 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Finland

Exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs from Finland expanded rapidly to 991 units in 2022, growing by 14% compared with the year before. Overall, total exports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs expanded sharply to $2.7M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Finland in 2022:

1. Poland (157.0 units)
2. Sweden (136.0 units)
3. Austria (89.0 units)
4. China (80.0 units)
5. Russia (73.0 units)
6. Czech Republic (70.0 units)
7. Germany (59.0 units)
8. Norway (38.0 units)
9. Kazakhstan (38.0 units)
10. United Kingdom (29.0 units)
11. Estonia (19.0 units)
12. Switzerland (17.0 units)
13. Denmark (16.0 units)

Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Finland

In 2022, approx. 3.1K units of weighing machines; having a maximum weighing capacity exceeding 5000kgs were imported into Finland; picking up by 97% on the year before. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs skyrocketed to $876K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Finland in 2022:

1. China (2050.0 units)
2. Japan (222.0 units)
3. Denmark (152.0 units)
4. United Kingdom (140.0 units)
5. Sweden (129.0 units)
6. United States (127.0 units)
7. New Zealand (124.0 units)
8. Germany (86.0 units)

Source: IndexBox Market Intelligence Platform