Finland - Equipment For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Internal Combustion Engine Equipment in Finland - 2023
Contents:
- Price for Internal Combustion Engine Equipment in Finland (CIF) - 2023
- Price for Internal Combustion Engine Equipment in Finland (FOB) - 2022
- Imports of Internal Combustion Engine Equipment in Finland
- Exports of Internal Combustion Engine Equipment in Finland
Price for Internal Combustion Engine Equipment in Finland (CIF) - 2023
In August 2023, the average internal combustion engine equipment import price amounted to $34.3 per unit, increasing by 8.4% against the previous month. Overall, import price indicated temperate growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, internal combustion engine equipment import price decreased by -2.2% against April 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 77% m-o-m. The import price peaked at $36.9 per unit in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Poland ($230 per unit), while the price for Denmark ($20.3 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sweden (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Internal Combustion Engine Equipment in Finland (FOB) - 2022
In 2022, the average internal combustion engine equipment export price amounted to $12 per unit, increasing by 40% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, internal combustion engine equipment export price increased by +128.4% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belarus ($12 per unit) and Kyrgyzstan ($12 per unit), while the average price for exports to Russia ($12 per unit) and Lithuania ($12 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Internal Combustion Engine Equipment in Finland
In 2022, the amount of equipment for internal combustion engines imported into Finland shrank dramatically to 304K units, reducing by -29.9% compared with the previous year's figure. In general, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports reached the peak of 434K units, and then declined notably in the following year.
In value terms, internal combustion engine equipment imports shrank to $2.9M in 2022. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. Imports peaked at $3.6M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Internal Combustion Engine Equipment in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,381 | 726 | 455 | 611 | -23.8% |
| Germany | 431 | 367 | 539 | 471 | 3.0% |
| Japan | 306 | 272 | 382 | 414 | 10.6% |
| France | 431 | 423 | 685 | 376 | -4.4% |
| United States | 460 | 239 | 251 | 196 | -24.8% |
| Hungary | 112 | 146 | 162 | 134 | 6.2% |
| Italy | 100 | 104 | 120 | 118 | 5.7% |
| Estonia | 12.4 | 85.8 | 156 | 92.9 | 95.7% |
| Poland | 64.8 | 52.6 | 139 | 86.3 | 10.0% |
| Canada | 14.0 | 17.4 | 29.6 | 76.2 | 75.9% |
| Others | 271 | 208 | 433 | 326 | 6.4% |
| Total | 3,583 | 2,641 | 3,352 | 2,902 | -6.8% |
Top Suppliers of Internal Combustion Engine Equipment to Finland in 2022:
- China (64.1K units)
- Germany (49.5K units)
- Japan (43.5K units)
- France (39.4K units)
- United States (20.6K units)
- Hungary (14.0K units)
- Italy (12.4K units)
- Estonia (9.8K units)
- Poland (9.1K units)
- Canada (8.0K units)
Exports of Internal Combustion Engine Equipment in Finland
In 2022, shipments abroad of equipment for internal combustion engines decreased by -17% to 63K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.7% 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 appeared the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports reached the peak of 76K units, and then dropped sharply in the following year.
In value terms, internal combustion engine equipment exports surged to $735K in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Internal Combustion Engine Equipment in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | N/A | N/A | N/A | 175 | 0% |
| Sweden | 125 | 79.8 | 185 | 168 | 10.4% |
| Norway | 79.2 | 43.9 | 107 | 108 | 10.9% |
| Lithuania | 12.5 | 5.6 | 56.2 | 80.5 | 86.0% |
| United States | 27.5 | 3.9 | 6.7 | 50.6 | 22.5% |
| Kyrgyzstan | N/A | N/A | N/A | 35.6 | 0% |
| Latvia | 10.0 | 2.8 | 15.6 | 34.6 | 51.2% |
| Estonia | 25.4 | 24.5 | 39.1 | 29.7 | 5.4% |
| Russia | 55.6 | 35.8 | 149 | 21.3 | -27.4% |
| Others | 64.6 | 227 | 73.3 | 32.2 | -20.7% |
| Total | 400 | 423 | 632 | 735 | 22.5% |
Top Export Markets for Internal Combustion Engine Equipment from Finland in 2022:
- Belarus (14.8K units)
- Sweden (14.3K units)
- Norway (9.2K units)
- Lithuania (6.9K units)
- United States (4.3K units)
- Kyrgyzstan (3.0K units)
- Latvia (2.9K units)
- Estonia (2.5K units)
- Russia (1.8K units)
This report provides an in-depth analysis of the market for internal combustion engine equipment in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29312270 - Equipment, n.e.c., for internal combustion engines
Country coverage:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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