Finland: Starter Motor Market Overview 2021

Starter Motor Market Size in Finland

The Finnish starter motor market reduced remarkably to $X in 2020, with a decrease of -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 relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Starter Motor Exports

Exports from Finland

In 2020, the amount of starter motors and dual purpose starter generators exported from Finland expanded modestly to X units, surging by X% against the previous year's figure. Overall, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X units in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, starter motor exports rose remarkably to $X in 2020. Over the period under review, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Latvia (X units), Germany (X units) and Sweden (X units) were the main destinations of starter motor exports from Finland, together accounting for X% of total exports. Lithuania, Norway, Estonia and Russia lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Lithuania, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Estonia ($X) and Sweden ($X) appeared to be the largest markets for starter motor exported from Finland worldwide, together accounting for X% of total exports. Latvia, Lithuania, Norway and Russia lagged somewhat behind, together comprising a further X the main countries of destination, Lithuania saw 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 starter motor export price stood at $X per unit in 2020, picking up by X% against the previous year. Overall, the export price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Estonia ($X per unit), while the average price for exports to Latvia ($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 Estonia, while the prices for the other major destinations experienced more modest paces of growth.

Starter Motor Imports

Imports into Finland

In 2020, the amount of starter motors and dual purpose starter generators imported into Finland reduced markedly to X units, with a decrease of -X% against the previous year's figure. Overall, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, starter motor imports contracted notably to $X in 2020. In general, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

Hungary (X units), Denmark (X units) and Japan (X units) were the main suppliers of starter motor imports to Finland, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan, while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Denmark ($X) and Germany ($X) appeared to be the largest starter motor suppliers to Finland, together accounting for X% of total imports. Japan, Italy, China, Slovenia, India and the U.S. lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to 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

In 2020, the average starter motor import price amounted to $X per unit, dropping by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2019, and then reduced slightly in the following year.

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

From 2007 to 2020, 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 Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for starter motors and dual purpose starter generators in the world?

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The countries with the highest volumes of starter motor consumption in 2020 were China (29M units), Japan (26M units) and the U.S. (15M units), together accounting for 50% of global consumption. These countries were followed by India, Germany, Russia, Mexico, France, Brazil, the UK, Spain and Italy, which together accounted for a further 30%.

What are the largest producers of starter motors and dual purpose starter generators in the world?

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The countries with the highest volumes of starter motor production in 2020 were China (37M units), Japan (36M units) and Mexico (13M units), with a combined 59% share of global production. India, Hungary, Russia, Poland, Brazil, South Korea, Germany, the U.S., Italy and the Czech Republic lagged somewhat behind, together comprising a further 29%.

What are the leading suppliers of starter motors and dual purpose starter generators to Finland?

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In value terms, Hungary ($1.6M), Denmark ($1.3M) and Germany ($1.3M) constituted the largest starter motor suppliers to Finland, with a combined 38% share of total imports. These countries were followed by Japan, Italy, China, Slovenia, India and the U.S., which together accounted for a further 41%.

What are the leading importers of starter motors and dual purpose starter generators from Finland?

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In value terms, the largest markets for starter motor exported from Finland were Germany ($553K), Estonia ($401K) and Sweden ($369K), with a combined 53% share of total exports. Latvia, Lithuania, Norway and Russia lagged somewhat behind, together accounting for a further 28%.

What is the average export price for starter motors and dual purpose starter generators in Finland?

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In 2020, the average starter motor export price amounted to $67 per unit, surging by 2.1% against the previous year.

What is the average import price for starter motors and dual purpose starter generators in Finland?

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The average starter motor import price stood at $49 per unit in 2020, which is down by -2.2% against the previous year.