Finland: Overview of the Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2019

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Finland

The revenue of the market for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Finland amounted to $X in 2018, declining by -X% against the previous year. In general, consumption of tyres for agriculture, forestry, construction, industry and other off the road vehicles continues to indicate a deep drop. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market for agricultural and construction machinery tire reached its peak figure level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Finland

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles totaled $X in 2018 estimated in export prices. Overall, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles continues to indicate a deep decline. The most prominent rate of growth was recorded in 2011 when production volume increased by X% year-to-year. Over the period under review, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles attained its peak figure level at $X in 2012; however, from 2013 to 2018, production failed to regain its momentum.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Finland

In 2018, the exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Finland totaled X units, therefore, remained relatively stable against the previous year. In general, the total exports indicated slight growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached their peak figure at X units in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X in 2018. Over the period under review, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Germany (X units), Sweden (X units) and the UK (X units) were the main destinations of exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Finland, together accounting for X% of total exports. Norway, the U.S., Russia, Canada, Estonia, Belgium, France, Latvia and the Czech Republic lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Estonia, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for agricultural and construction machinery tire exported from Finland were Germany ($X), the U.S. ($X) and Russia ($X), together comprising X% of total exports. These countries were followed by Sweden, the UK, Norway, France, Canada, Belgium, the Czech Republic, Estonia and Latvia, which together accounted for a further X terms of the main countries of destination, Belgium experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. The export price peaked at $X per unit in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

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. ($X per unit), while the average price for exports to Estonia ($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 Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Finland

In 2018, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles imported into Finland amounted to X units, surging by X% against the previous year. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. In that year, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles attained their peak of X units. From 2011 to 2018, the growth of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles failed to regain its momentum.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles totaled $X in 2018. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. In that year, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached their peak of $X. From 2009 to 2018, the growth of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles remained at a lower figure.

Imports by Country

In 2018, China (X units) constituted the largest agricultural and construction machinery tire supplier to Finland, with a X% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. Hungary (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Hungary (+X% per year).

In value terms, the largest agricultural and construction machinery tire suppliers to Finland were Hungary ($X), India ($X) and the Czech Republic ($X), with a combined X% share of total imports.

Among the main suppliers, Hungary recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2018, leveling off at the previous year. Over the period under review, the import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for tyres for agriculture, forestry, construction, industry and other off the road vehicles attained their maximum at $X per unit in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Hungary ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform