Seals; Mechanical Price in Finland - 2023

Seals; Mechanical Price in Finland (CIF) - 2022

The average seals; mechanical import price stood at $2.9 per unit in 2022, waning by -10.2% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $5.6 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($13 per unit), while the price for China ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Finland (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $11 per unit, almost unchanged from the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $13 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Germany ($40 per unit), while the average price for exports to Zambia ($2.7 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 Germany (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Finland

In 2022, approx. 7.2M units of seals; mechanicals were imported into Finland; jumping by 21% compared with the year before. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical imports rose remarkably to $21M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 12%. As a result, imports reached the peak of $21M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Seals; Mechanical in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	6.5	6.2	5.2	6.8	1.5%
Czech Republic	4.5	4.6	4.1	4.2	-2.3%
Sweden	1.5	1.8	1.7	1.7	4.3%
United Kingdom	0.8	2.7	1.9	1.6	26.0%
United States	0.8	2.2	0.9	1.4	20.5%
Hungary	N/A	0.2	0.5	1.2	144.9%
China	0.9	0.7	0.7	0.9	0.0%
Italy	0.2	0.3	0.3	0.4	26.0%
Turkey	1.8	N/A	N/A	N/A	0%
Others	2.1	2.7	3.8	2.3	3.1%
Total	19.1	21.5	19.0	20.6	2.6%

Top Suppliers of Seals; Mechanical to Finland in 2022:

China (3131.8K units)
Germany (1446.0K units)
Czech Republic (643.1K units)
Hungary (555.1K units)
Sweden (313.2K units)
Italy (298.6K units)
United Kingdom (170.4K units)
United States (111.9K units)
Turkey (59.9K units)

Seals; Mechanical Exports in Finland

In 2022, exports of seals; mechanicals from Finland expanded rapidly to 1.2M units, surging by 14% against 2021. The total export volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical exports expanded notably to $14M in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Export of Seals; Mechanical in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	3,871	2,282	2,820	4,809	7.5%
Spain	380	357	385	1,066	41.0%
Norway	566	520	656	673	5.9%
United States	670	1,104	482	624	-2.3%
Sweden	365	355	405	569	16.0%
Singapore	653	390	669	529	-6.8%
China	565	602	261	279	-21.0%
Saudi Arabia	140	119	151	262	23.2%
Zambia	129	102	58.1	195	14.8%
Taiwan (Chinese)	145	137	215	171	5.7%
Russia	693	645	849	148	-40.2%
Vietnam	2.4	11.1	0.1	72.9	212.0%
Others	3,663	3,223	5,001	4,227	4.9%
Total	11,842	9,847	11,953	13,623	4.8%