Finland: Market for Air Conditioning Machines For Motor Vehicles 2024

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Finland

After two years of growth, shipments abroad of air conditioning machines for motor vehicles decreased by -30.4% to X units in 2022. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 59% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports fell significantly to $X in 2022. In general, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2018 when exports increased by 63% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for motor vehicle air conditioning machine exports from Finland, accounting for a 68% share of total exports. Moreover, motor vehicle air conditioning machine exports to the Netherlands exceeded the volume sent to the second major destination, Sweden (X units), sevenfold. The third position in this ranking was held by Estonia (X units), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+28.6% per year) and Estonia (-18.9% per year).

In value terms, the Netherlands ($X) remains the key foreign market for air conditioning machines for motor vehicles exports from Finland, comprising 59% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total exports. It was followed by Canada, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +45.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+142.1% per year) and Canada (0.0% per year).

Export Prices by Country

The average export price for air conditioning machines for motor vehicles stood at $X per unit in 2022, increasing by 16% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motor vehicle air conditioning machine export price increased by +116.9% against 2016 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 63%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Sweden ($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 Kazakhstan (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Finland

In 2022, imports of air conditioning machines for motor vehicles into Finland declined remarkably to X units, shrinking by -24.4% compared with the previous year. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 371%. Imports peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, motor vehicle air conditioning machine imports dropped remarkably to $X in 2022. In general, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 230%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of motor vehicle air conditioning machine to Finland, with a 65% share of total imports. Moreover, motor vehicle air conditioning machine imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X units), fourfold. Poland (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+132.7% per year) and Poland (-3.5% per year).

In value terms, Germany ($X) constituted the largest supplier of air conditioning machines for motor vehicles to Finland, comprising 53% of total imports. The second position in the ranking was held by Poland ($X), with a 16% share of total imports. It was followed by Slovakia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.2% per year) and Slovakia (+101.8% per year).

Import Prices by Country

The average import price for air conditioning machines for motor vehicles stood at $X per unit in 2022, with a decrease of -11.2% against the previous year. Overall, the import price saw a deep setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 33%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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