Finland - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTruck Price in Finland - 2023
Contents:
- Truck Price in Finland (CIF) - 2023
- Truck Price in Finland (FOB) - 2022
- Truck Imports in Finland
- Truck Exports in Finland
Truck Price in Finland (CIF) - 2023
In June 2023, the average truck import price amounted to $75,768 per unit, rising by 3.7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 31% against the previous month. Over the period under review, average import prices hit record highs at $94,272 per unit in February 2023; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($275K per unit), while the price for Spain ($29,076 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 France (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Truck Price in Finland (FOB) - 2022
In 2022, the average truck export price amounted to $142,619 per unit, shrinking by -12.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15% against the previous year. The export price peaked at $163,488 per unit in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($223,968 per unit), while the average price for exports to Jordan ($21,826 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 the Netherlands (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Truck Imports in Finland
In 2022, purchases abroad of trucks was finally on the rise to reach 14K units after two years of decline. Overall, imports, however, saw a abrupt curtailment. Over the period under review, imports attained the maximum at 19K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, truck imports contracted slightly to $800M in 2022. Over the period under review, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 7.8%. Imports peaked at $877M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Truck in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 294 | 279 | 323 | 330 | 3.9% |
| Germany | 187 | 176 | 156 | 130 | -11.4% |
| France | 88.1 | 78.4 | 87.4 | 86.4 | -0.6% |
| Spain | 52.8 | 40.0 | 60.1 | 60.1 | 4.4% |
| Poland | 41.4 | 36.7 | 39.8 | 43.5 | 1.7% |
| Turkey | 70.0 | 54.9 | 53.2 | 34.4 | -21.1% |
| South Africa | 25.9 | 22.6 | 26.7 | 28.4 | 3.1% |
| Mexico | 34.5 | 14.0 | 9.6 | 7.3 | -40.4% |
| Others | 83.1 | 67.3 | 71.9 | 80.1 | -1.2% |
| Total | 877 | 769 | 828 | 800 | -3.0% |
Top Suppliers of Truck to Finland in 2022:
- Germany (2.7K units)
- France (2.2K units)
- Spain (2.0K units)
- Sweden (1.7K units)
- Poland (1.4K units)
- Turkey (1.2K units)
- South Africa (1.0K units)
- Mexico (0.2K units)
Truck Exports in Finland
In 2022, overseas shipments of trucks increased by 19% to 4.2K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a slight decrease. Over the period under review, the exports reached the maximum at 4.3K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, truck exports totaled $600M in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 7.9%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Truck in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 82.7 | 139 | 125 | 133 | 17.2% |
| Norway | 75.2 | 64.8 | 50.6 | 59.4 | -7.6% |
| Brazil | 10.9 | 12.0 | 20.5 | 45.0 | 60.4% |
| Germany | 33.9 | 43.6 | 37.0 | 40.0 | 5.7% |
| France | 17.3 | 28.5 | 16.3 | 22.0 | 8.3% |
| Estonia | 19.5 | 14.7 | 19.8 | 21.3 | 3.0% |
| United States | 18.3 | 22.6 | 14.5 | 19.5 | 2.1% |
| Russia | 92.2 | 38.2 | 108 | 17.0 | -43.1% |
| Lithuania | 8.4 | 14.0 | 11.2 | 16.9 | 26.2% |
| Latvia | 24.3 | 6.5 | 10.6 | 10.4 | -24.6% |
| Netherlands | 8.5 | 7.5 | 9.0 | 10.1 | 5.9% |
| Poland | 7.6 | 11.2 | 8.0 | 8.6 | 4.2% |
| Jordan | 0.9 | 1.9 | 1.5 | 2.1 | 32.6% |
| Others | 143 | 130 | 146 | 195 | 10.9% |
| Total | 543 | 535 | 578 | 600 | 3.4% |
Top Export Markets for Truck from Finland in 2022:
- Sweden (890.0 units)
- Norway (386.0 units)
- Lithuania (330.0 units)
- Germany (216.0 units)
- Estonia (212.0 units)
- Brazil (201.0 units)
- Poland (149.0 units)
- Netherlands (126.0 units)
- Latvia (115.0 units)
- France (108.0 units)
- Jordan (95.0 units)
- United States (91.0 units)
- Russia (87.0 units)
This report provides an in-depth analysis of the truck market 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 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
- Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
- Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
- Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
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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Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
3333
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
817
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
80
Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
3333
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
817
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
