Finland: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Finland

For the third year in a row, the Finnish market for diesel engines (other than for motor vehicles and aircraft) recorded growth in sales value, which increased by 302% to $X in 2022. Overall, consumption recorded a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Finland

In value terms, production of diesel engines (other than for motor vehicles and aircraft) reached $X in 2022 estimated in export price. In general, production, however, recorded a deep downturn. The growth pace was the most rapid in 2016 when the production volume increased by 13% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Finland

In 2022, overseas shipments of diesel engines (other than for motor vehicles and aircraft) increased by 6% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 39%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) fell to $X in 2022. In general, exports, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units), Germany (X units) and the United States (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Finland, together comprising 84% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +13.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Finland were France ($X), Germany ($X) and the United States ($X), together accounting for 73% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +13.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, with a decrease of -19.2% against the previous year. Overall, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2015 an increase of 14% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($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 Italy (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Finland

Imports of diesel engines (other than for motor vehicles and aircraft) into Finland stood at X units in 2022, remaining constant against the previous year's figure. Over the period under review, imports saw a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 105%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) fell to $X in 2022. In general, imports showed a pronounced expansion. The most prominent rate of growth was recorded in 2016 with an increase of 50% against the previous year. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Italy (X units) and the United States (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to Finland, with a combined 65% share of total imports. The UK, Sweden, Austria, Japan, France and the Netherlands lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +17.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Sweden ($X) and the UK ($X) appeared to be the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Finland, together accounting for 66% of total imports. Germany, Italy, France, Japan, the Netherlands and Austria lagged somewhat behind, together accounting for a further 29%.

Among the main suppliers, Austria, with a CAGR of +8.2%, saw 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 import price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, waning by -13.5% against the previous year. Overall, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 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 Sweden ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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