Finland: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Finland

For the fifth year in a row, the Finnish market for motor vehicle chassis fitted with engines recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption recorded a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in Finland

In value terms, production of motor vehicle chassis fitted with engines skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production of attained the maximum level in 2022 and is likely to see steady growth in the near future.

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Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Finland

In 2022, the amount of motor vehicle chassis fitted with engines exported from Finland totaled X units, almost unchanged from the previous year. In general, exports recorded notable growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of motor vehicle chassis fitted with engines dropped notably to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X units) was the main destination for exports of motor vehicle chassis fitted with engines from Finland, with a X% share of total exports. Moreover, exports of motor vehicle chassis fitted with engines to Nigeria exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for motor vehicle chassis fitted with engines exported from Finland were Lithuania ($X), the Netherlands ($X) and Nigeria ($X), together comprising X% of total exports. The United Arab Emirates, Cameroon, the United States, Cote d'Ivoire, Democratic Republic of the Congo, Australia, Canada, Gambia and Guinea lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Australia, 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

The average export price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2015 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 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Finland

In 2022, overseas purchases of motor vehicle chassis fitted with engines were finally on the rise to reach X units after four years of decline. Over the period under review, imports showed a pronounced expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports of hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of motor vehicle chassis fitted with engines soared to $X in 2022. In general, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X units), Germany (X units) and Italy (X units) were the main suppliers of imports of motor vehicle chassis fitted with engines to Finland, together accounting for X% of total imports.

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

In value terms, Sweden ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Finland, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average import price for motor vehicle chassis fitted with engines amounted to $X per unit, falling by X% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Poland ($X per unit), while the price for Italy ($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 mixed trend patterns.

Source: IndexBox Platform