Finland: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Finland

The Finnish diagnostic equipment market skyrocketed to $X in 2023, increasing by X% against the previous year. In general, consumption, however, recorded a mild decrease. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Diagnostic Equipment Production in Finland

In value terms, diagnostic equipment production dropped to $X in 2023 estimated in export price. Overall, production, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Diagnostic equipment production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Diagnostic Equipment Exports

Exports from Finland

In 2023, diagnostic equipment exports from Finland rose notably to X units, picking up by X% compared with the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X units. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, diagnostic equipment exports rose sharply to $X in 2023. Overall, total exports indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Germany (X units) and France (X units) were the main destinations of diagnostic equipment exports from Finland, together comprising X% of total exports. Estonia, the Netherlands, Belgium, the United Arab Emirates, China, the Czech Republic, the UK, Australia, Italy and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exports from Finland, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the average diagnostic equipment export price amounted to $X per unit, approximately reflecting the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2022 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Finland

Diagnostic equipment imports into Finland fell modestly to X units in 2023, dropping by X% compared with 2022 figures. Overall, total imports indicated buoyant growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, diagnostic equipment imports stood at $X in 2023. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the Netherlands (X units) constituted the largest supplier of diagnostic equipment to Finland, accounting for a X% share of total imports. Moreover, diagnostic equipment imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus to Finland, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

Import Prices by Country

In 2023, the average diagnostic equipment import price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2022 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform