Finland: Overview of the Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2021

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

The Finnish market for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X in 2020, flattening at the previous year. Overall, the total consumption indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2019 to 2020, the growth of the market remained 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 stood at $X in 2020 estimated in export prices. Over the period under review, the total production indicated a pronounced increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% y-o-y. Production peaked in 2020 and is expected to retain growth in the near future.

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

Exports from Finland

In 2020, overseas shipments of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports, however, saw a mild contraction. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, exports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the peak figure at X units in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X in 2020. Overall, total exports indicated slight growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X units), France (X units) and Sweden (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. These countries were followed by the UK, the Czech Republic, the U.S., Russia, Belgium, Estonia, Spain and Latvia, which together accounted for a further X 2007 to 2020, the biggest increases were in Belgium, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for agricultural, construction and industrial machinery tire exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and France (+X% per year).

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 2020, remaining constant against the previous year. Over the period under review, export price indicated a measured expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. As a result, export price attained the peak level of $X per unit. From 2014 to 2020, 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 the U.S. ($X per unit), while the average price for exports to Spain ($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 Germany, 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 2020, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were imported into Finland; increasing by X% on 2019. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the maximum at X units in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X in 2020. Over the period under review, total imports indicated a moderate increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to see steady growth in the immediate term.

Imports by Country

Sweden (X units), India (X units) and France (X units) were the main suppliers of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Finland, together accounting for X% of total imports. Israel, China, Poland, Japan, Belgium, Portugal and Sri Lanka lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Japan ($X) and Sweden ($X) constituted the largest agricultural, construction and industrial machinery tire suppliers to Finland, with a combined X% share of total imports. These countries were followed by China, France, Israel, Belgium, Portugal, Poland and Sri Lanka, which together accounted for a further X the main suppliers, Portugal (+X% per year) recorded the highest rates of growth with regard to the value of imports, 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 import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, remaining stable against the previous year. Overall, the import price continues to indicate a measured expansion. The growth pace was the most rapid in 2018 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per unit. From 2019 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per unit), while the price for Sweden ($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 tyres for agriculture, forestry, construction, industry and other off the road vehicles in the world?

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China (39M units) constituted the country with the largest volume of consumption of tyres for agriculture, forestry, construction, industry and other off the road vehicles, comprising approx. 31% of total volume. Moreover, consumption of tyres for agriculture, forestry, construction, industry and other off the road vehicles in China exceeded the figures recorded by the second-largest consumer, India (14M units), threefold. The third position in this ranking was occupied by the U.S. (8.5M units), with a 6.7% share.

What are the largest producers of tyres for agriculture, forestry, construction, industry and other off the road vehicles in the world?

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China (63M units) constituted the country with the largest volume of production of tyres for agriculture, forestry, construction, industry and other off the road vehicles, comprising approx. 52% of total volume. Moreover, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles in China exceeded the figures recorded by the second-largest producer, India (19M units), threefold. Indonesia (6M units) ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Finland?

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In value terms, India ($20M), Japan ($16M) and Sweden ($15M) appeared to be the largest agricultural, construction and industrial machinery tire suppliers to Finland, together accounting for 60% of total imports. These countries were followed by China, France, Israel, Belgium, Portugal, Poland and Sri Lanka, which together accounted for a further 25%.

What are the leading importers of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Finland?

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In value terms, Germany ($17M) remains the key foreign market for agricultural, construction and industrial machinery tire exports from Finland, comprising 22% of total exports. The second position in the ranking was occupied by the U.S. ($7.8M), with a 10% share of total exports. It was followed by France, with a 9.1% share.

What is the average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Finland?

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The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $670 per unit in 2020, remaining relatively unchanged against the previous year.

What is the average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Finland?

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The average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $331 per unit in 2020, standing approx. at the previous year.