Finland: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in Finland

The Finnish motorised invalid carriage market rose sharply to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt shrinkage. Motorised invalid carriage consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Motorised Invalid Carriage Exports

Exports from Finland

Motorised invalid carriage exports from Finland fell notably to X units in 2022, with a decrease of X% compared with 2021 figures. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, motorised invalid carriage exports fell rapidly to $X in 2022. In general, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for motorised invalid carriage exports from Finland, accounting for a X% share of total exports. Moreover, motorised invalid carriage exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X units), twofold. The third position in this ranking was taken by Norway (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Norway (X% per year).

In value terms, the UK ($X), the United Arab Emirates ($X) and Norway ($X) were the largest markets for motorised invalid carriage exported from Finland worldwide, together comprising X% of total exports. Sweden, Qatar, Kazakhstan and Russia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 motorised invalid carriage export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price recorded resilient growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Kazakhstan ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into Finland

In 2022, supplies from abroad of invalid carriages motorised or mechanically propelled decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports faced a deep setback. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, motorised invalid carriage imports rose significantly to $X in 2022. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Denmark (X units) and Norway (X units) were the main suppliers of motorised invalid carriage imports to Finland, with a combined X% share of total imports. China, the United States, Sweden, the Netherlands, the UK and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Sweden ($X) and the Netherlands ($X) were the largest motorised invalid carriage suppliers to Finland, with a combined X% share of total imports. The United States, Norway, Denmark, China, the UK and France lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average motorised invalid carriage import price amounted to $X per unit, rising by X% against the previous year. In general, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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