Finland: Petroleum-Engine Cargo Trucks Market 2024

Petroleum-Engine Cargo Trucks Market Size in Finland

In 2022, the Finnish petroleum-engine cargo trucks market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption enjoyed a slight increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Petroleum-Engine Cargo Trucks Production in Finland

In value terms, petroleum-engine cargo trucks production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a precipitous contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Petroleum-engine cargo trucks production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Petroleum-Engine Cargo Trucks Exports

Exports from Finland

In 2022, the amount of goods vehicles, with spark-ignition internal combustion piston engine exported from Finland declined to X units, which is down by X% on 2021. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, petroleum-engine cargo trucks exports reached $X in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units), Sweden (X units) and Lithuania (X units) were the main destinations of petroleum-engine cargo trucks exports from Finland, together comprising X% of total exports. Estonia, Belgium, Latvia, Iceland, Russia, Denmark, Kazakhstan, the Netherlands, Poland and Jordan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for petroleum-engine cargo trucks exported from Finland were Norway ($X), Sweden ($X) and Lithuania ($X), with a combined X% share of total exports.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average petroleum-engine cargo trucks export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($X per unit), while the average price for exports to Poland ($X 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 Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum-Engine Cargo Trucks Imports

Imports into Finland

In 2022, approx. X units of goods vehicles, with spark-ignition internal combustion piston engine were imported into Finland; with an increase of X% against the year before. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, petroleum-engine cargo trucks imports declined rapidly to $X in 2022. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), Mexico (X units) and France (X units) were the main suppliers of petroleum-engine cargo trucks imports to Finland, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Mexico ($X) and France ($X) were the largest petroleum-engine cargo trucks suppliers to Finland, with a combined X% share of total imports.

Mexico, with a CAGR of X%, recorded 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 petroleum-engine cargo trucks import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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