Finland: Bus Market Overview 2021

Bus Market Size in Finland

In 2019, the Finnish bus market decreased by -X% to $X, falling for the seventh year in a row after three years of growth. Overall, consumption showed a drastic downturn. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Bus consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Bus Production in Finland

In value terms, bus production rose modestly to $X in 2019 estimated in export prices. Over the period under review, production posted buoyant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

Bus Exports

Exports from Finland

In 2019, the amount of public-transport type passenger motor vehicles exported from Finland stood at X units, therefore, remained relatively stable against the year before. In general, exports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Exports peaked at X units in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, bus exports contracted to $X in 2019. Over the period under review, exports, however, recorded a slight setback. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2018 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Norway (X units), France (X units) and Sweden (X units) were the main destinations of bus exports from Finland, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in France (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for bus exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Norway stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Sweden (-X% per year).

Export Prices by Country

In 2019, the average bus export price amounted to $X per unit, remaining constant against the previous year. Over the period under review, export price indicated measured growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, bus export price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2010 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per unit. From 2011 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Norway ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced mixed trend patterns.

Bus Imports

Imports into Finland

Bus imports into Finland surged to X units in 2019, growing by X% compared with the previous year. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in years to come.

In value terms, bus imports surged to $X in 2019. In general, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Sweden (X units) constituted the largest bus supplier to Finland, accounting for a X% share of total imports. Moreover, bus imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fivefold. The third position in this ranking was occupied by China (X units), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Sweden totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and China (+X% per year).

In value terms, the largest bus suppliers to Finland were Sweden ($X), the Netherlands ($X) and Poland ($X), with a combined X% share of total imports.

The Netherlands recorded the highest growth rate of 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 bus import price stood at $X per unit in 2019, shrinking by -X% against the previous year. In general, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The import price peaked at $X per unit in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for public-transport type passenger motor vehicles in the world?

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The country with the largest volume of bus consumption was China (152K units), comprising approx. 18% of total volume. Moreover, bus consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (73K units), twofold. Turkey (61K units) ranked third in terms of total consumption with a 7.2% share.

What are the largest producers of public-transport type passenger motor vehicles in the world?

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China (202K units) remains the largest bus producing country worldwide, comprising approx. 26% of total volume. Moreover, bus production in China exceeded the figures recorded by the second-largest producer, the U.S. (85K units), twofold. The third position in this ranking was occupied by Turkey (80K units), with a 10% share.

What are the leading suppliers of public-transport type passenger motor vehicles to Finland?

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In value terms, Sweden ($28M), the Netherlands ($28M) and Poland ($18M) were the largest bus suppliers to Finland, with a combined 75% share of total imports.

What are the leading importers of public-transport type passenger motor vehicles from Finland?

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In value terms, Norway ($39M) remains the key foreign market for bus exports from Finland, comprising 42% of total exports. The second position in the ranking was occupied by France ($15M), with a 16% share of total exports. It was followed by Sweden, with a 9% share.

What is the average export price for public-transport type passenger motor vehicles in Finland?

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The average bus export price stood at $122,459 per unit in 2019, approximately reflecting the previous year.

What is the average import price for public-transport type passenger motor vehicles in Finland?

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The average bus import price stood at $73,769 per unit in 2019, waning by -28.8% against the previous year.