Finland: Truck Crane Market 2022

Truck Crane Market Size in Finland

The Finnish truck crane market contracted rapidly to $X in 2021, shrinking by -24.1% against the previous year. Overall, consumption continues to indicate a deep downturn. Truck crane consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Truck Crane Production in Finland

In value terms, truck crane production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 92% against the previous year. Truck crane production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Truck Crane Exports

Exports from Finland

In 2021, overseas shipments of truck cranes increased by 80% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, exports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 216% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, truck crane exports reached $X in 2021. In general, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 182% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), Uruguay (X units) and Niger (X units) were the main destinations of truck crane exports from Finland, together accounting for 39% of total exports.

From 2012 to 2021, the biggest increases were in Niger (with a CAGR of +1,400.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for truck crane exported from Finland were Ireland ($X), the UK ($X) and China ($X), together accounting for 49% of total exports. These countries were followed by Taiwan (Chinese), Sweden, the Netherlands, Egypt, Vietnam, Germany, Uruguay and Niger, which together accounted for a further 41%.

Germany, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average truck crane export price stood at $X per unit in 2021, waning by -43.6% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2016 an increase of 22% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Niger ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+2.7%), while the prices for the other major destinations experienced a decline.

Truck Crane Imports

Imports into Finland

In 2021, purchases abroad of truck cranes increased by 215% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, truck crane imports soared to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X units), Turkey (X units) and the United States (X units) were the main suppliers of truck crane imports to Finland, with a combined 56% share of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +231.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Turkey ($X) constituted the largest truck crane suppliers to Finland, with a combined 69% share of total imports. These countries were followed by Spain, Estonia, the United States, the Netherlands and Denmark, which together accounted for a further 30%.

The United States, with a CAGR of +190.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average truck crane import price amounted to $X per unit, with a decrease of -17.6% against the previous year. Over the period under review, the import price faced a deep slump. The growth pace was the most rapid in 2017 an increase of 56%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+57.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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