Finland: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Finland

In 2022, the Finnish gouges and chisels market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed a resilient expansion. Gouges and chisels consumption peaked in 2022 and is likely to continue growth in years to come.

Gouges And Chisels Exports

Exports from Finland

In 2022, after four years of decline, there was significant growth in overseas shipments of planes, chisels and gouges for working wood, when their volume increased by X% to X tons. Over the period under review, exports, however, faced a significant contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gouges and chisels exports contracted significantly to $X in 2022. Overall, exports, however, recorded a sharp curtailment. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons) was the main destination for gouges and chisels exports from Finland, with a X% share of total exports. Moreover, gouges and chisels exports to Estonia exceeded the volume sent to the second major destination, Norway (X kg), tenfold. The third position in this ranking was held by Sweden (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Sweden (X% per year).

In value terms, Estonia ($X) remains the key foreign market for planes, chisels and gouges for working wood exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports. It was followed by Sweden, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average gouges and chisels export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, posted a tangible expansion. The pace of growth was the most pronounced in 2019 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Latvia ($X 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 Norway (X%), while the prices for the other major destinations experienced mixed trend patterns.

Gouges And Chisels Imports

Imports into Finland

In 2022, supplies from abroad of planes, chisels and gouges for working wood increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 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 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, gouges and chisels imports rose significantly to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of gouges and chisels to Finland, accounting for a X% share of total imports. Moreover, gouges and chisels imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Sweden (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Sweden (X% per year).

In value terms, the largest gouges and chisels suppliers to Finland were China ($X), Sweden ($X) and Germany ($X), together comprising X% of total imports. Denmark, the Netherlands, Austria, the Czech Republic and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average gouges and chisels import price amounted to $X per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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