Finland - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Truck and Bus Tyre in Finland - 2023
Contents:
- Price for Truck and Bus Tyre in Finland (CIF) - 2023
- Price for Truck and Bus Tyre in Finland (FOB) - 2023
- Imports of Truck and Bus Tyre in Finland
- Exports of Truck and Bus Tyre in Finland
Price for Truck and Bus Tyre in Finland (CIF) - 2023
The average truck and bus tyre import price stood at $156 per unit in June 2023, shrinking by -1.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 12% against the previous month. Over the period under review, average import prices reached the peak figure at $159 per unit in May 2023, and then dropped in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Poland ($265 per unit), while the price for Vietnam ($110 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Truck and Bus Tyre in Finland (FOB) - 2023
In June 2023, the average truck and bus tyre export price amounted to $185 per unit, with an increase of 9.4% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 27% m-o-m. The export price peaked at $216 per unit in November 2022; however, from December 2022 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Latvia ($553 per unit), while the average price for exports to the United States ($122 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Truck and Bus Tyre in Finland
Truck and bus tyre imports into Finland shrank to 710K units in 2022, falling by -4.3% on 2021 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports attained the peak of 743K units, and then declined in the following year.
In value terms, truck and bus tyre imports totaled $97M in 2022. The total import value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Truck and Bus Tyre in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 20.5 | 19.8 | 23.5 | 14.1 | -11.7% |
| Sweden | 14.1 | 11.9 | 13.7 | 13.7 | -1.0% |
| Belgium | 10.5 | 8.2 | 8.2 | 11.9 | 4.3% |
| Vietnam | 1.1 | 1.5 | 2.0 | 6.2 | 78.0% |
| China | 4.0 | 3.0 | 3.8 | 6.2 | 15.7% |
| South Korea | 5.1 | 4.5 | 6.3 | 5.5 | 2.5% |
| Thailand | 3.1 | 3.2 | 4.1 | 5.2 | 18.8% |
| Netherlands | 2.0 | 2.3 | 3.6 | 4.2 | 28.1% |
| Spain | 2.9 | 2.2 | 3.7 | 4.0 | 11.3% |
| Japan | 3.3 | 1.9 | 2.3 | 3.9 | 5.7% |
| Slovakia | 2.8 | 2.7 | 2.9 | 2.8 | 0.0% |
| France | 1.1 | 0.7 | 1.1 | 2.7 | 34.9% |
| Czech Republic | 1.3 | 1.4 | 1.6 | 1.9 | 13.5% |
| Others | 6.2 | 6.5 | 8.5 | 14.6 | 33.0% |
| Total | 78.1 | 69.9 | 85.2 | 97.0 | 7.5% |
Top Suppliers of Truck and Bus Tyre to Finland in 2022:
- Russia (240.0K units)
- China (81.8K units)
- Sweden (69.6K units)
- Belgium (56.5K units)
- Vietnam (28.2K units)
- Thailand (26.3K units)
- South Korea (25.8K units)
- Spain (18.4K units)
- Slovakia (16.7K units)
- Czech Republic (15.4K units)
- France (14.8K units)
- Netherlands (14.5K units)
- Japan (14.5K units)
Exports of Truck and Bus Tyre in Finland
For the fourth year in a row, Finland recorded growth in overseas shipments of tyres for buses or lorries, which increased by 38% to 500K units in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.3% 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 +53.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, truck and bus tyre exports surged to $44M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.3% 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 +64.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Truck and Bus Tyre in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 9.5 | 8.8 | 11.3 | 13.6 | 12.7% |
| Norway | 5.2 | 5.4 | 6.6 | 12.9 | 35.4% |
| Canada | 0.5 | 1.0 | 0.5 | 4.3 | 104.9% |
| United States | 0.2 | 0.2 | 0.1 | 3.5 | 159.6% |
| Estonia | 1.3 | 1.1 | 2.0 | 2.4 | 22.7% |
| Germany | 3.5 | 3.2 | 3.7 | 2.3 | -13.1% |
| Czech Republic | 1.1 | 1.2 | 0.6 | 0.2 | -43.3% |
| Russia | 1.1 | 0.9 | 1.3 | 0.2 | -43.3% |
| Switzerland | 0.7 | 0.9 | 0.5 | 0.1 | -47.7% |
| Others | 4.0 | 4.0 | 6.4 | 4.1 | 0.8% |
| Total | 27.1 | 26.6 | 32.9 | 43.7 | 17.3% |
Top Export Markets for Truck and Bus Tyre from Finland in 2022:
- Sweden (148.7K units)
- Norway (144.3K units)
- Canada (65.6K units)
- United States (62.4K units)
- Germany (37.0K units)
- Estonia (10.8K units)
- Czech Republic (3.3K units)
- Russia (2.4K units)
- Switzerland (1.9K units)
This report provides an in-depth analysis of the market for truck and bus tyre 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 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
- Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121
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
-
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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