Finland: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Finland

In 2022, after two years of growth, there was significant decline in the Finnish trailer and semi-trailer market, when its value decreased by -8% to $X. Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.9% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2021, and then declined in the following year.

Trailer And Semi-Trailer Production in Finland

In value terms, trailer and semi-trailer production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. Trailer and semi-trailer production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Trailer And Semi-Trailer Exports

Exports from Finland

In 2022, overseas shipments of cargo trailers and semi-trailers increased by 12% to X units, rising for the second year in a row after three years of decline. In general, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 35%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, trailer and semi-trailer exports expanded rapidly to $X in 2022. Overall, exports, however, saw a mild decrease. The pace of growth was the most pronounced in 2018 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X units) was the main destination for trailer and semi-trailer exports from Finland, accounting for a 59% share of total exports. Moreover, trailer and semi-trailer exports to Sweden exceeded the volume sent to the second major destination, Norway (X units), threefold. Germany (X units) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+0.3% per year) and Germany (+10.4% per year).

In value terms, Sweden ($X) remains the key foreign market for cargo trailers and semi-trailers exports from Finland, comprising 60% of total exports. The second position in the ranking was held by Norway ($X), with a 19% share of total exports. It was followed by Estonia, with a 2% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-1.1% per year) and Estonia (+8.6% per year).

Export Prices by Country

The average trailer and semi-trailer export price stood at $X per unit in 2022, declining by -5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2020 an increase of 27%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Germany ($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 Denmark (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Finland

Trailer and semi-trailer imports into Finland dropped notably to X units in 2022, which is down by -25.1% against 2021 figures. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 32%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, trailer and semi-trailer imports expanded significantly to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 54%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Estonia (X units) constituted the largest trailer and semi-trailer supplier to Finland, with a 53% share of total imports. Moreover, trailer and semi-trailer imports from Estonia exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Poland (X units), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Estonia totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and Poland (+17.6% per year).

In value terms, Germany ($X) constituted the largest supplier of cargo trailers and semi-trailers to Finland, comprising 46% of total imports. The second position in the ranking was held by Estonia ($X), with a 21% share of total imports. It was followed by Poland, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+12.0% per year) and Poland (+22.2% per year).

Import Prices by Country

The average trailer and semi-trailer import price stood at $X per unit in 2022, increasing by 46% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Estonia ($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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform