Finland: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Finland

In 2022, the Finnish agricultural forestry machinery market increased by 45% to $X, rising for the third consecutive year after three years of decline. Overall, consumption enjoyed a strong increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Agricultural Forestry Machinery Production in Finland

In value terms, agricultural forestry machinery production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 79% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Agricultural Forestry Machinery Exports

Exports from Finland

In 2022, exports of agricultural forestry machinery (lawn or sportsground rollers) from Finland surged to X units, growing by 24% compared with the previous year. In general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 57%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, agricultural forestry machinery exports skyrocketed to $X in 2022. Over the period under review, exports recorded prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 59%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Canada (X units), the United States (X units) and Sweden (X units) were the main destinations of agricultural forestry machinery exports from Finland, together accounting for 51% of total exports. These countries were followed by Norway, France, Denmark, Estonia, Poland, Australia, Lithuania, the UK, Germany and the Czech Republic, which together accounted for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +76.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), the United States ($X) and Sweden ($X) appeared to be the largest markets for agricultural forestry machinery exported from Finland worldwide, together accounting for 45% of total exports. Norway, Denmark, Germany, France, Australia, Poland, Estonia, Lithuania, the Czech Republic and the UK lagged somewhat behind, together accounting for a further 43%.

Australia, with a CAGR of +119.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, rising by 11% against the previous year. In general, the export price, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 18%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 Germany (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Agricultural Forestry Machinery Imports

Imports into Finland

In 2022, supplies from abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by -1.3% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 58% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then dropped slightly in the following year.

In value terms, agricultural forestry machinery imports fell rapidly to $X in 2022. Overall, imports, however, continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

China (X units), Sweden (X units) and Poland (X units) were the main suppliers of agricultural forestry machinery imports to Finland, together comprising 76% of total imports. These countries were followed by Estonia, Germany, Italy, the Netherlands, Denmark, the UK and the United States, which together accounted for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +31.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural forestry machinery suppliers to Finland were China ($X), Germany ($X) and Sweden ($X), together comprising 58% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +32.6%, 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

The average agricultural forestry machinery import price stood at $X per unit in 2022, dropping by -18.1% against the previous year. In general, the import price recorded a perceptible slump. The growth pace was the most rapid in 2013 when the average import price increased by 21%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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