Finland: Engine Generator Market Overview 2021

Engine Generator Market Size in Finland

In 2020, the Finnish engine generator market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, the total consumption indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Engine Generator Exports

Exports from Finland

In 2020, shipments abroad of generators for internal combustion engines decreased by -X% to X units, falling for the second consecutive year after four years of growth. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. As a result, exports attained the peak of X units. From 2009 to 2020, the growth exports remained at a lower figure.

In value terms, engine generator exports contracted slightly to $X in 2020. Overall, exports saw a noticeable slump. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2009 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), Estonia (X units) and Sweden (X units) were the main destinations of engine generator exports from Finland, together comprising X% of total exports. Latvia, the Netherlands, Belgium, the UK, Denmark, Norway, Lithuania, Chile and the U.S. lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Chile, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for engine generator exported from Finland were Germany ($X), Estonia ($X) and Sweden ($X), together accounting for X% of total exports. Latvia, the Netherlands, Belgium, the UK, Denmark, Norway, Lithuania, Chile and the U.S. lagged somewhat behind, together accounting for a further X recorded 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 engine generator export price stood at $X per unit in 2020, rising by X% against the previous year. Overall, export price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major external markets. In 2020, the highest prices were recorded for prices to the U.S. ($X per unit) and Lithuania ($X per unit), while the average price for exports to Germany ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Finland

Engine generator imports into Finland dropped significantly to X units in 2020, waning by -X% on 2019 figures. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of X units. From 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, engine generator imports contracted markedly to $X in 2020. Over the period under review, total imports indicated a pronounced increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

France (X units), Denmark (X units) and Spain (X units) were the main suppliers of engine generator imports to Finland, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain, while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Denmark ($X) and Spain ($X) appeared to be the largest engine generator suppliers to Finland, with a combined X% share of total imports.

Spain 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

The average engine generator import price stood at $X per unit in 2020, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2019 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum in 2020 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Spain ($X per unit) and Denmark ($X per unit), while the price for Poland ($X per unit) and China ($X per unit) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for generators for internal combustion engines in the world?

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The countries with the highest volumes of engine generator consumption in 2020 were China (67M units), the U.S. (44M units) and India (24M units), together comprising 52% of global consumption. These countries were followed by Japan, Mexico, Indonesia, France, Brazil, the UK, Italy, Spain, Turkey and South Korea, which together accounted for a further 30%.

What are the largest producers of generators for internal combustion engines in the world?

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The countries with the highest volumes of engine generator production in 2020 were China (70M units), the U.S. (38M units) and India (24M units), together accounting for 50% of global production. Japan, France, Mexico, Indonesia, Italy, South Korea, Brazil, Turkey, the UK and Spain lagged somewhat behind, together accounting for a further 34%.

What are the leading suppliers of generators for internal combustion engines to Finland?

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In value terms, the largest engine generator suppliers to Finland were France ($5.6M), Denmark ($3.7M) and Spain ($3M), together comprising 65% of total imports.

What are the leading importers of generators for internal combustion engines from Finland?

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In value terms, the largest markets for engine generator exported from Finland were Germany ($382K), Estonia ($295K) and Sweden ($258K), together comprising 59% of total exports. Latvia, the Netherlands, Belgium, the UK, Denmark, Norway, Lithuania, Chile and the U.S. lagged somewhat behind, together accounting for a further 33%.

What is the average export price for generators for internal combustion engines in Finland?

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The average engine generator export price stood at $74 per unit in 2020, with an increase of 8.8% against the previous year.

What is the average import price for generators for internal combustion engines in Finland?

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In 2020, the average engine generator import price amounted to $76 per unit, growing by 10% against the previous year.