Finland: Internal Combustion Engines Market Overview 2020

Internal Combustion Engines Market Size in Finland

The revenue of the internal combustion engines market in Finland amounted to $X in 2018, going up by X% against the previous year. Over the period under review, internal combustion engines consumption continues to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Internal combustion engines consumption peaked in 2018 and is expected to retain its growth in the near future.

Internal Combustion Engines Production in Finland

In value terms, internal combustion engines production stood at $X in 2018 estimated in export prices. In general, internal combustion engines production continues to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2008 when production volume increased by X% y-o-y. Over the period under review, internal combustion engines production attained its maximum level in 2018 and is expected to retain its growth in the near future.

Internal Combustion Engines Exports

Exports from Finland

In 2018, the amount of motor vehicles compression-ignition internal combustion piston engines exported from Finland amounted to X units, waning by -X% against the previous year. In general, internal combustion engines exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at X units in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, internal combustion engines exports stood at $X in 2018. Over the period under review, internal combustion engines exports continue to indicate a deep drop. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

The U.S. (X units) was the main destination for internal combustion engines exports from Finland, accounting for a X% share of total exports. Moreover, internal combustion engines exports to the U.S. exceeded the volume sent to the second major destination, Austria (X units), more than tenfold. Turkey (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-X% per year) and Turkey (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for internal combustion engines exports from Finland, comprising X% of total internal combustion engines exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and Austria (-X% per year).

Export Prices by Country

In 2018, the average internal combustion engines export price amounted to $X per unit, going up by X% against the previous year. Over the period under review, the internal combustion engines export price continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for motor vehicles compression-ignition internal combustion piston engines reached their peak figure at $X per unit in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the U.S. ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria, while the prices for the other major destinations experienced a decline.

Internal Combustion Engines Imports

Imports into Finland

In 2018, the internal combustion engines imports into Finland totaled X units, lowering by -X% against the previous year. Overall, internal combustion engines imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, internal combustion engines imports reached their peak figure at X units in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, internal combustion engines imports amounted to $X in 2018. Overall, internal combustion engines imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

In 2018, Germany (X units) constituted the largest supplier of internal combustion engines to Finland, with a X% share of total imports. Moreover, internal combustion engines imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume from Germany amounted to +X%.

In value terms, Germany ($X) constituted the largest supplier of internal combustion engines to Finland, comprising X% of total internal combustion engines imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2018, the average annual growth rate of value from Germany amounted to +X%.

Import Prices by Country

The average internal combustion engines import price stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the internal combustion engines import price continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. In that year, the average import prices for motor vehicles compression-ignition internal combustion piston engines attained their peak level and is likely to continue its growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2018, the country with the highest price was Spain ($X per unit), while the price for Germany stood at $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain.

Source: IndexBox AI Platform