Finland: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Finland

The Finnish market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA expanded remarkably to $X in 2022, with an increase of 8.9% against the previous year. Over the period under review, consumption, however, saw a noticeable downturn. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in Finland

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA contracted significantly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 73% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Finland

In 2022, overseas shipments of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 166% to X units, rising for the third year in a row after two years of decline. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 625% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA soared to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,707% against the previous year. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Finland, with a 52% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to South Africa exceeded the volume sent to the second major destination, Nigeria (X units), fourfold. Kazakhstan (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to South Africa amounted to +84.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (0.0% per year) and Kazakhstan (0.0% per year).

In value terms, the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Finland were Poland ($X), South Africa ($X) and Kazakhstan ($X), together accounting for 75% of total exports.

South Africa, with a CAGR of +53.7%, recorded 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 export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, which is down by -48.2% against the previous year. In general, the export price recorded a noticeable descent. The pace of growth appeared the most rapid in 2020 when the average export price increased by 1,255% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Congo ($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 Switzerland (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Finland

In 2022, supplies from abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw tangible growth. The pace of growth was the most pronounced in 2019 when imports increased by 118%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA surged to $X in 2022. Overall, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 135% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Spain (X units), Italy (X units) and France (X units) were the main suppliers of imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Finland, with a combined 75% share of total imports. India, China, Belgium and Sweden lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +42.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and France ($X) constituted the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA suppliers to Finland, together comprising 68% of total imports. Belgium, India, China and Sweden lagged somewhat behind, together accounting for a further 31%.

Belgium, with a CAGR of +49.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, falling by -19.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2021 when the average import price increased by 37%. As a result, import price attained the peak level of $X per unit, and then contracted markedly 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 Belgium ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :