Finland: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Finland

In 2022, after two years of growth, there was decline in the Finnish brakes and servo-brakes market, when its value decreased by -4.3% to $X. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.1% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Brakes And Servo-Brakes Exports

Exports from Finland

In 2022, brakes and servo-brakes exports from Finland declined slightly to X tons, with a decrease of -3.4% against the previous year's figure. In general, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 69%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, brakes and servo-brakes exports contracted slightly to $X in 2022. Over the period under review, exports showed a perceptible decline. The pace of growth was the most pronounced in 2013 when exports increased by 46%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for brakes and servo-brakes exports from Finland, accounting for a 33% share of total exports. Moreover, brakes and servo-brakes exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), twofold. Sweden (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-0.0% per year) and Sweden (-4.0% per year).

In value terms, Estonia ($X) remains the key foreign market for brakes and servo-brakes exports from Finland, comprising 25% of total exports. The second position in the ranking was taken by Sweden ($X), with a 12% share of total exports. It was followed by Lithuania, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Estonia stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-2.1% per year) and Lithuania (+5.3% per year).

Export Prices by Country

In 2022, the average brakes and servo-brakes export price amounted to $X per ton, falling by -1.6% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brakes and servo-brakes export price increased by +34.6% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 49%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank slightly in the following year.

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 Russia ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports into Finland

In 2022, overseas purchases of brakes and servo-brakes increased by 2.5% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 18% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, brakes and servo-brakes imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of brakes and servo-brakes imports to Finland, with a combined 61% share of total imports. Denmark, Poland, Sweden, Turkey, Spain, Japan, Belgium, the Czech Republic, France and the Netherlands lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +26.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) constituted the largest brakes and servo-brakes suppliers to Finland, together accounting for 49% of total imports. Japan, Poland, Denmark, Sweden, Spain, the Czech Republic, Belgium, Turkey, France and the Netherlands lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, Poland, with a CAGR of +25.8%, saw the highest growth rate of 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 2022, the average brakes and servo-brakes import price amounted to $X per ton, dropping by -7.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 9% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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