Finland: Internal Combustion Engines Market Overview 2021

Internal Combustion Engines Market Size in Finland

The Finnish internal combustion engines market rose significantly to $X in 2020, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Internal Combustion Engines Production in Finland

In value terms, internal combustion engines production amounted to $X in 2020 estimated in export prices. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Internal combustion engines production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Internal Combustion Engines Exports

Exports from Finland

In 2020, the amount of motor vehicles compression-ignition internal combustion piston engines exported from Finland contracted rapidly to X units, which is down by -X% against the year before. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. As a result, exports attained the peak of X units. From 2016 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, internal combustion engines exports shrank dramatically to $X in 2020. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X units) was the main destination for internal combustion engines exports from Finland, with a X% share of total exports. Moreover, internal combustion engines exports to Germany exceeded the volume sent to the second major destination, Ghana (X units), threefold. The third position in this ranking was occupied by Russia (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+X% per year) and Russia (-X% per year).

In value terms, Germany ($X), Russia ($X) and Sweden ($X) constituted the largest markets for internal combustion engines exported from Finland worldwide, together comprising X% of total exports. These countries were followed by France, Australia, Ghana and Nigeria, which together accounted for a further 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

The average internal combustion engines export price stood at $X per unit in 2020, increasing by X% against the previous year. Overall, the export price recorded slight growth. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Australia ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

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

Internal Combustion Engines Imports

Imports into Finland

In 2020, approx. X units of motor vehicles compression-ignition internal combustion piston engines were imported into Finland; with a decrease of -X% compared with 2019 figures. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Imports peaked at X units in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

In value terms, internal combustion engines imports shrank rapidly to $X in 2020. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2019, and then reduced notably in the following year.

Imports by Country

In 2020, Germany (X units) constituted the largest internal combustion engines supplier to Finland, accounting for 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), tenfold. The third position in this ranking was occupied by France (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and France (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and France (+X% per year).

Import Prices by Country

In 2020, the average internal combustion engines import price amounted to $X per unit, waning by -X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019, and then contracted remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Spain ($X per unit) and France ($X per unit), while the price for Germany ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, 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 motor vehicles compression-ignition internal combustion piston engines in the world?

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The countries with the highest volumes of internal combustion engines consumption in 2020 were China (9.3M units), the U.S. (5.3M units) and India (3.8M units), with a combined 56% share of global consumption. These countries were followed by Germany, the UK, Mexico, Turkey, France, South Korea, Thailand, Spain and Austria, which together accounted for a further 26%.

What are the largest producers of motor vehicles compression-ignition internal combustion piston engines in the world?

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The countries with the highest volumes of internal combustion engines production in 2020 were China (9.4M units), the U.S. (5.5M units) and India (3.9M units), with a combined 56% share of global production. These countries were followed by Germany, the UK, Mexico, France, South Korea, Turkey, Thailand, Austria, Poland and Spain, which together accounted for a further 28%.

What are the leading suppliers of motor vehicles compression-ignition internal combustion piston engines to Finland?

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In value terms, Germany ($157M) constituted the largest supplier of internal combustion engines to Finland, comprising 76% of total imports. The second position in the ranking was occupied by Spain ($17M), with a 8.2% share of total imports. It was followed by France, with a 7.1% share.

What are the leading importers of motor vehicles compression-ignition internal combustion piston engines from Finland?

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In value terms, Germany ($785K), Russia ($487K) and Sweden ($473K) were the largest markets for internal combustion engines exported from Finland worldwide, with a combined 42% share of total exports. These countries were followed by France, Australia, Ghana and Nigeria, which together accounted for a further 18%.

What is the average export price for motor vehicles compression-ignition internal combustion piston engines in Finland?

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The average internal combustion engines export price stood at $4,833 per unit in 2020, surging by 15% against the previous year.

What is the average import price for motor vehicles compression-ignition internal combustion piston engines in Finland?

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In 2020, the average internal combustion engines import price amounted to $7,386 per unit, falling by -18% against the previous year.